NetEase Earnings Reports

NetEase delivered strong Q1 results with revenue reaching $4.00B and adjusted EPS of $2.44 per ADS, fueled by hit titles and sustained game engagement.

NetEase Cloud Music Inc. delivered strong financial results for Q4 2024, with revenue growing to RMB 7.95 billion, driven by online music services. Gross profit increased significantly due to cost control measures, leading to a higher gross margin. Net profit more than doubled year-over-year, and adjusted net profit showed strong growth. However, social entertainment revenue declined due to a strategic focus on core music services.