NetEase, inc. - NTES STOCK NEWS

NetEase (NASDAQ: NTES), a leading Chinese internet and online game services provider, is set to participate in the 2023 Game Developers Conference (GDC) from March 20-24, 2023, in San Francisco. Over 20 experts from NetEase Games will present more than 16 talks focusing on insights from popular titles like Harry Potter: Magic Awakened and Naraka: Bladepoint, highlighting advancements in machine learning and community management. The company will also showcase CliCli, an integrated game editor that streamlines game creation. This event aims to enhance collaboration and innovation within the gaming community.

Cloud Music Inc. (HKEX: 9899) reported strong financial results for FY 2022, with revenues reaching RMB 9.0 billion, a 28.5% increase from RMB 7.0 billion in 2021. Gross profit surged to RMB 1.3 billion, up from RMB 142.7 million, marking a gross margin improvement to 14.4%. The net loss narrowed to RMB 221.5 million from RMB 2.1 billion in the previous year. Monthly active users (MAUs) for its online music services grew to 189.4 million, while monthly paying users increased to 38.3 million. This growth is attributed to improved user experience and content offerings, despite industry challenges.

Youdao, Inc. (NYSE: DAO) reported its unaudited financial results for Q4 and FY 2022, highlighting strong growth across various segments. In Q4, total net revenues reached RMB1.5 billion (US$210.8 million), marking a 38.6% increase year-over-year. The learning services segment generated RMB806.3 million (US$116.9 million), up by 39.2%, while net revenues from smart devices rose to RMB407.0 million (US$59.0 million), up 28.1%. The company achieved a gross margin of 53.3%, compared to 42.5% in the same quarter of 2021. For FY 2022, total revenues were RMB5.0 billion (US$726.8 million), a 24.8% increase from 2021. Notably, Youdao reported its first income from operations in Q4, amounting to RMB24.7 million (US$3.6 million).

NetEase reported Q4 2022 net revenues of RMB25.4 billion (US$3.7 billion), reflecting a 4.0% increase year-over-year. Key highlights include:

• Games and related services generated RMB19.1 billion (US$2.8 billion), up 1.6% from Q4 2021.
• Youdao revenues rose 9.0% to RMB1.5 billion (US$210.8 million).
• Cloud Music net revenues increased 25.8% to RMB2.4 billion (US$344.5 million).
• Operating expenses grew to RMB8.8 billion (US$1.3 billion), marking a 6.0% rise.
• Net income attributable to shareholders was RMB4 billion (US$573.1 million).

NetEase aims to enhance product quality and expand global reach in 2023.

Cloud Music Inc., a prominent music streaming service in China, will disclose its fiscal year 2022 financial results on February 23, 2023, after the Hong Kong market closes. The company's earnings conference call is scheduled for 7:00 PM Beijing/Hong Kong Time on the same day. Investors can register for the call using the provided link. The call will also be available for replay until March 2, 2023. Launched by NetEase in 2013, Cloud Music focuses on user experience through personalized recommendations and community engagement, appealing especially to China's Generation Z music fans.

NetEase, Inc. (NASDAQ: NTES) announced it will report its fourth quarter and fiscal year 2022 financial results on February 23, 2023, prior to the U.S. market opening. A live earnings teleconference will occur at 7:00 a.m. ET on the same day, allowing management to discuss results and address questions. Participants can join the call by dialing 1-914-202-3258 with conference ID: 10028543. A replay will be available until March 2, 2023. NetEase is a leading internet and online gaming company in China, also managing subsidiaries like Youdao (NYSE: DAO), focusing on intelligent learning.

Youdao, Inc. (NYSE: DAO) announced it will report its Q4 and fiscal year 2022 financial results on February 23, 2023, before the U.S. market opens. The earnings teleconference is set for 5:00 a.m. ET on the same day, with management discussing the results and answering questions. Investors can access the call via dial-in numbers and a webcast on the company's investor relations website. Youdao specializes in intelligent learning technologies in China and offers various education solutions and applications.

Cloud Music Inc. (HKEX: 9899), China’s leading music streaming service, reports that Chenyu Hua's latest album, "希忘 (Xiwang) Hope," has exceeded RMB20 million in sales (over 760,000 copies) within two weeks of its release on December 31, 2022. It ranks as the Best-selling Digital Album of 2022 on the platform and the fourth best-selling digital album of all time on NetEase Cloud Music. The album's rapid sales growth reflects strong user engagement and a willingness to pay for premium content, further solidifying NetEase Cloud Music's position in the competitive Chinese online music market.