网易 20251121 摘要 网易公司第三季度总净收入达人民币 284 亿元，其中游戏业务收入 233.3 亿元，同比增长 12%，在线游戏净收入同比增长 13%，环比增 长 3%。非公认会计准则净收入 95 亿元，同比增长 27%，显示出强劲 的盈利能力。 《梦幻西游》PC 版推出创新无限制服务器后，月活跃用户达到两年来的 新高，同时在线人数创纪录达到 358 万，验证了经典游戏通过创新模式 重焕生机的潜力，该模式或可复制到其他社交类游戏中。 网易积极拓展海外市场，新款科幻射击游戏迅速登上美国等西方市场下 载榜首，并在近 100 个市场领先。《逆水寒》全球发行亦获成功，表明 网易具备将中国特色游戏推向国际市场的能力。 有道第三季度总收入同比增长超过 40%，AI 原生战略成效显著。在线营 销服务通过 AI 技术提高程序化广告效率，并推出具备智能功能的辅导平 板电脑，教育和广告业务均保持健康发展。 NBPL 秋季赛成为 2026 年亚运会电竞项目后的首个职业联赛，提升了 网易电竞业务的吸引力。同时，公司不断推出轻松有趣的体验，如以中 国神话为灵感的新动物游戏，以吸引更广泛受众。 Q&A 网易公司在 2025 ...

Group 1 - The core viewpoint of the news highlights the positive performance of leading companies in the gaming industry, with revenue and profit showing double growth, leading to a rise in the gaming ETF (516010) by over 3% and a net inflow of over 250 million yuan in the past 10 days [1] - The flagship mobile game "Original Journey" has successfully launched a mini-game version, achieving 5.86 million new users in the first month and over 20 million new users in the first half of the year, with a stable monthly revenue of 100 million yuan [1] - The gaming industry is experiencing high prosperity, with opportunities for valuation increases driven by improvements in domestic policies and changes in overseas industry trends [1] Group 2 - The gaming ETF (516010) tracks the animation and gaming index, selecting listed companies in the A-share market related to the animation, gaming, and related industries, serving as an important indicator of the development of China's animation and gaming industry [2] - The index reflects the overall performance of listed companies in the animation and gaming sector, characterized by distinct industry features and style configurations [2]

Group 1 - The gaming industry continues to show high prosperity, with opportunities for valuation increases driven by improvements in domestic policies and trends in overseas industries [1] - Tencent's gaming fundamentals are showing marginal improvement, with "Delta Action" expected to become the third major evergreen game following "Honor of Kings" and "Peacekeeper Elite" [1] - NetEase's "Dream of the Westward Journey" PC version is experiencing a revival due to the new version's boost [1] Group 2 - AI technology is continuously empowering the industry, with multimodal AI models and Agent tools expected to enhance advertising material generation efficiency, promoting applications in marketing, education, and gaming [1] - The gaming ETF (516010) tracks the animation and gaming index, selecting listed companies involved in the animation, gaming, and related industries from the A-share market to reflect the overall performance of the sector [1] - This index serves as an important indicator for measuring the development of China's animation and gaming industry, characterized by distinct industry features and style configurations [1]