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NetEase Q2 2023 Earnings Report

NetEase logo
$90.79 +1.43 (+1.60%)
(As of 06:12 PM ET)

NetEase EPS Results

Actual EPS
$13.88
Consensus EPS
$9.14
Beat/Miss
Beat by +$4.74
One Year Ago EPS
$1.05

NetEase Revenue Results

Actual Revenue
$24.01 billion
Expected Revenue
$24.85 billion
Beat/Miss
Missed by -$837.94 million
YoY Revenue Growth
+3.70%

NetEase Announcement Details

Quarter
Q2 2023
Time
Before Market Opens
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NetEase Earnings Headlines

NetEase (NASDAQ:NTES) Raised to Strong-Buy at StockNews.com
The 2024 TECH RESET
Are we on the edge of the biggest ‘TECH RESET’ in decades?
See More NetEase Headlines
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About NetEase

NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments. It develops and operates PC and mobile games, as well as offers games licensed from other game developers. The company's products and services include Youdao Dictionary, an online knowledge tool; Youdao Translation, a tool specifically designed to support translation needs of business and leisure travelers; U-Dictionary, an online dictionary and translation app; Youdao Kids' Dictionary, a smart and fun tool; smart devices, such as Youdao Dictionary Pen, Youdao Smart Learning Pad, Youdao Listening Pod, Youdao Smart Light, Youdao Pocket Translator, and Youdao Super Dictionary; online courses; interactive learning apps; and education digitalization solutions, such as Youdao Smart Learning Terminal, a device that automates paper-based homework processing; Youdao Smart Cloud, a cloud-based platform that allows third-party app developers, smart device brands, and manufacturers to the company's OCR capabilities; and Youdao Sports, a sports-centric educational system. Its products and services also include NetEase Cloud Music, a music streaming platform; Yanxuan, an e-commerce platform, which sells private label products; www.163.com portal and related mobile app, Wangyi Xinwen, which deliver information such as news, sports events, technology, fashion trends, and online entertainment; NetEase Mail, an email service; NetEase CC Live streaming, a live streaming platform with a focus on game broadcasting; and NetEase Pay, a payment platform. The company was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. NetEase, Inc. was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.

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