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NetEase, inc. - NTES STOCK NEWS

Welcome to our dedicated page for NetEase news (Ticker: NTES), a resource for investors and traders seeking the latest updates and insights on NetEase stock.

NetEase, Inc. (NASDAQ: NTES and HKEX: 9999) is a leading Chinese Internet technology company, offering a diverse range of online services centered on content, community, communications, and commerce. Established in 1997 as an internet portal service, NetEase has grown to become a major player in the online services realm in China.

NetEase is renowned for its development and operation of some of China's most popular PC client and mobile games, collaborating with global giants like Blizzard Entertainment and Mojang, a Microsoft subsidiary. The company’s current projects include cutting-edge game development showcased at the 2024 Game Developers Conference (GDC), where NetEase highlighted its expertise in creating immersive gaming experiences and advanced technologies.

In addition to gaming, NetEase's offerings span various verticals:

  • Cloud Music: A vibrant online music platform with over 206 million monthly active users, known for its personalized recommendations and interactive user community.
  • Online Education: Through its majority-controlled subsidiary Youdao, NetEase provides intelligent learning solutions, including online courses, smart devices, and educational tools.
  • Live Streaming and Media: Engaging content and community-building through advertising and media services.
  • E-commerce: Operating Yanxuan, a private label consumer lifestyle brand offering quality products at competitive prices.

Financially, NetEase continues to demonstrate robust performance, with net revenues for the first quarter of 2024 reaching RMB 26.9 billion (US$ 3.7 billion). The company's diversified revenue streams from gaming, education, music, and innovative businesses bolster its financial stability and growth prospects.

NetEase is also making significant strides in the Environmental, Social, and Governance (ESG) space, as evidenced by the publication of its 2023 ESG Report. This commitment to sustainable development underscores the company's responsibility toward creating long-term value.

The company is proactive in forming strategic partnerships, such as its recent licensing agreements with South Korean entertainment companies JYP Entertainment and Kakao Entertainment, enriching its music content and fostering cultural exchange.

NetEase’s forward-looking approach and constant innovation position it as a dynamic leader in the online services industry, committed to delivering high-quality, engaging experiences to a global audience.

News

NetEase to Report Fourth Quarter and Fiscal Year 2023 Financial Results on February 29

Rhea-AI Summary
NetEase, Inc. will report financial results for the fourth quarter and fiscal year 2023 on February 29, 2024. The earnings teleconference call will take place at 7:00 a.m. Eastern Time. Interested parties can participate by dialing 1-914-202-3258 and providing conference ID: 10036635. A replay of the call will be available by dialing 1-855-883-1031 and entering PIN: 10036635. The call will be webcast live and the replay will be available for 12 months on NetEase's Investor Relations website at http://ir.netease.com/
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Youdao, Inc. to Hold Annual General Meeting on December 14, 2023

Rhea-AI Summary
Youdao, Inc. (NYSE: DAO) to hold its annual general meeting of shareholders on December 14, 2023, to discuss Company affairs with management. Shareholders and ADS holders can access the annual report on the Company's investor relations website and the SEC's website. Hard copies of the annual report will be provided free of charge upon request.
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NetEase Announces Third Quarter 2023 Unaudited Financial Results

Rhea-AI Summary
NetEase, Inc. (NASDAQ: NTES and HKEX: 9999) announced unaudited Q3 2023 financial results. Net revenues reached RMB27.3 billion, up 11.6% YoY. Games and related services net revenues increased by 16.5%. Cloud Music net revenues decreased by 16.3%. Gross profit was RMB17.0 billion, up 23.4% YoY. Net income attributable to shareholders was RMB7.8 billion. The company achieved record-high revenue from Youdao and strengthened its music-centric membership monetization. The quarter-over-quarter and year-over-year increases in gross profit margins for different segments were notable. The company's total cash and cash equivalents, current and non-current time deposits, and restricted cash, as well as short-term investments balance, totaled RMB104.4 billion as of September 30, 2023. Net cash provided by operating activities was RMB9.8 billion for Q3 2023. The board of directors approved a dividend of US$0.0990 per share for Q3 2023 and a share repurchase program of up to US$5.0 billion of the Company's ADSs and ordinary shares. Mr. Charles Zhaoxuan Yang resigned from his position as Chief Financial Officer.
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Youdao Reports Third Quarter 2023 Unaudited Financial Results

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Youdao, Inc. (NYSE: DAO) announced unaudited financial results for Q3 2023, with total net revenues of RMB1.5 billion, a 9.7% increase from the same period in 2022. The company reported a 7.0% increase in net revenues from learning services, a 29.3% decrease in net revenues from smart devices, and a 113.5% increase in net revenues from online marketing services. Gross margin was 55.9%, up from 54.2% in Q3 2022. The company's CEO expressed confidence in the long-term prospects, supported by dynamic AI systems and ongoing advancements in AI products and applications.
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Youdao to Report Third Quarter 2023 Financial Results on November 16

Rhea-AI Summary
Youdao, Inc. will report its Q3 2023 financial results on November 16, 2023. The earnings teleconference call will take place at 5:00 a.m. Eastern Time. Dial-in details and webcast information are provided.
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NetEase to Report Third Quarter 2023 Financial Results on November 16

Rhea-AI Summary
NetEase, Inc. will report its financial results for the 2023 third quarter on November 16, 2023. The earnings teleconference call will take place at 7:00 a.m. Eastern Time. Interested parties can participate by dialing 1-914-202-3258 and providing conference ID: 10034483.
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NetEase Cloud Music Takes the Stage at ADE 2023: Debut as Speaker on China's Dance Music Trends

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NetEase Cloud Music participates as ADE Pro speaker, sharing insights on China's dance music industry
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NetEase Games Held the "2023 Games Unbounded" Conference in Cologne, Germany

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NetEase Games announces updates to International Business Plan for NARAKA: BLADEPOINT and Where Winds Meet at '2023 Games Unbounded' conference
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Cloud Music Inc. Reports First Half 2023 Financial Results

Rhea-AI Summary
NetEase Cloud Music announced its financial results for H1 2023. Revenue was RMB3.9bn, down from RMB4.3bn in H1 2022. Gross profit increased by 79.7% to RMB965.1m. Net profit was RMB293.8m, compared to a net loss of RMB270.8m in H1 2022. MAUs of online music services increased by 13.7% to 206.7 million. Monthly paying users expanded to 41.8 million. Gross margin improved to 24.7% from 12.6%. Adjusted net profit was RMB331.9m. Revenue from social entertainment services declined by 23.8%.
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NetEase Announces Second Quarter 2023 Unaudited Financial Results

Rhea-AI Summary
NetEase reports Q2 2023 financial results with net revenues of $3.3 billion, an increase of 3.7% YoY. Gross profit increases by 11.1% YoY. Net income attributable to shareholders is $1.1 billion. Non-GAAP net income from continuing operations is $1.2 billion. Games and related value-added services net revenues increase by 3.6% YoY. Youdao net revenues increase by 26.2% YoY. Cloud Music net revenues decrease by 11.1% YoY. Innovative businesses and others net revenues increase by 9.9% YoY.
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FAQ

What is the current stock price of NetEase (NTES)?

The current stock price of NetEase (NTES) is $88.26 as of November 18, 2024.

What is the market cap of NetEase (NTES)?

The market cap of NetEase (NTES) is approximately 50.9B.

What are the core services provided by NetEase, Inc.?

NetEase offers online/mobile games, cloud music, media, advertising, email, live streaming, online education, and e-commerce services.

How does NetEase collaborate with global companies in the gaming industry?

NetEase partners with leading game developers like Blizzard Entertainment and Mojang to develop and operate popular PC and mobile games in China and globally.

What is NetEase’s presence in the online music industry?

NetEase operates Cloud Music, a leading online music platform with over 206 million monthly active users, known for its personalized recommendations and vibrant community.

How is NetEase involved in online education?

NetEase owns a majority stake in Youdao, an intelligent learning company providing online courses, smart devices, and educational tools.

What financial performance did NetEase report for the first quarter of 2024?

NetEase reported net revenues of RMB 26.9 billion (US$ 3.7 billion) for the first quarter of 2024, showcasing strong financial health and growth.

What recent strategic partnerships has NetEase formed?

NetEase recently entered into licensing agreements with JYP Entertainment and Kakao Entertainment to expand its music content offerings and promote K-Pop in China.

What are NetEase’s contributions to ESG initiatives?

NetEase has published its 2023 ESG Report, highlighting its commitment to environmental, social, and governance practices for sustainable development.

How does NetEase support innovation in the gaming industry?

NetEase showcases its game development expertise at events like the Game Developers Conference, highlighting advanced technologies and immersive gaming experiences.

What is Yanxuan?

Yanxuan is NetEase’s private label consumer lifestyle brand, offering high-quality products at competitive prices.

How can investors and media contact NetEase?

Investors and media can contact NetEase through their Investor Relations team via email at ir@service.netease.com or by phone at (+86) 571-8985-3378.

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NetEase, inc.

Nasdaq:NTES

NTES Rankings

#271 Ranked by Market Cap
#1388 Ranked by Dividends

NTES Stock Data

50.88B
635.63M
1.38%
12.71%
0.75%
Electronic Gaming & Multimedia
Communication Services
Link
United States of America
Hangzhou