NetEase Non-GAAP EPADS of $1.84 Beats by $0.37, Revenue of $3.7B Misses by $80M

seekingalpha2023-11-16

NetEase (NASDAQ:NTES): Q3 Non-GAAP EPADS of $1.84 beats by $0.37. Revenue of $3.7B (+11.6% Y/Y) misses by $80M.

NetEase shares slipped 2.68% after posting financial results.

The effective tax rate for the third quarter of 2023 was 14.2%, compared with 8.0% and 19.3% for the preceding quarter and the third quarter of 2022, respectively.

As of September 30, 2023, the Company's total cash and cash equivalents, current and non-current time deposits and restricted cash, as well as short-term investments balance, minus short-term and long-term loans, totaled $14.3 billion.

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