(Tiper Stock Exchange) – NetEasea New York- and Hong Kong-listed company that develops and operates some of China’s most popular mobile and PC games, closed its second quarter with Net revenues of RMB 24 billion (US$3.3 billion), up 3.7% from the second quarter of 2022. Thegross profit was RMB 14.4 billion (US$2 billion), up 11.1 percent from the second quarter of 2022.
L’Net income attributable to the company’s shareholders was RMB 8.2 billion (US $1.1 billion), up from 6.7 billion a year ago. L’net earnings per share was US$0.35 (US$1.77 for ADS).
“THE our stable results Q2 results reflect our commitment to producing exceptional content across all our businesses, which generated total net revenues of RMB 24.0 billion, up nearly 4% year-on-year,” said the CEO William Ding – Gamers continue to revere our flagship series Fantasy Westward Journey as they embrace newer titles like Eggy Party that extend our reach into casual gaming.”
“In addition to games, ours Cloud Music and Youdao business remain on track and are generating premium content,” he added. “Across the NetEase family, we prioritize creating new, high-quality products and services that grow our global appeal and enhance user experiences.”
(Photo: Priscilla Du Preez on Unsplash)