2024-08-22 16:46Financial Performance - NetEase's total net revenues reached $3,507 million in Q2 2024, a 6.1% increase year-over-year, but a 5.1% decrease quarter-over-quarter[38] - Games and related value-added services contributed $2,760 million to the total net revenues in Q2 2024, showing a 6.7% increase year-over-year and a 6.5% decrease quarter-over-quarter[38] - Youdao's net revenues were $182 million in Q2 2024, reflecting a 9.5% increase year-over-year and a 5.0% decrease quarter-over-quarter[38] - Cloud Music's net revenues amounted to $281 million in Q2 2024, a 4.7% increase year-over-year and a 0.5% increase quarter-over-quarter[38] - Innovative businesses and others generated $284 million in net revenues in Q2 2024, a 0.5% increase year-over-year and a 4.9% increase quarter-over-quarter[38] - Net income attributable to the company's shareholders was $930 million in Q2 2024, an 18.0% decrease year-over-year and an 11.5% decrease quarter-over-quarter[38] Business Highlights - The company launched popular new titles, including Lost Light and Naraka: Bladepoint mobile games, and Once Human on Steam[17] - The company plans to bring Where Winds Meet and Marvel Rivals to consoles and announced FragPunk at the Xbox Games Showcase 2024[18] - World of Warcraft is returning to China[18] - Youdao achieved historic-high operating cash flow and significantly narrowed its operating loss, with AI-driven subscription services experiencing rapid sales expansion[21]