$NTES Q3 results mentioned tha

2022-11-19

$NTES Q3 results mentioned that the contract with Blizzard will be ending January 2023, which might have scared some investor, even though it was stated that this license only represented low single digits percent of total revenue and does not include the agreement from Diablo Immortal.

Nonetheless, we see a 10.1% increase in net revenue YoY which includes an increase in Games and related of 9.1% and an increase of 22.5% of Cloud Music. Really glad to see Cloud Music doing well.

While, Games increase is decent thanks to games like Identity V, Naraka: Bladepoint, Knives Out and Diablo Immortal, I have even higher hopes for the future as the company has a lot of content ready to be delivered during the end of 2022 and early 2023, including titles like Harry Potter: Magic Awakened (international markets), Lost Lights and Dead by Deadlight mobile.

Net income on the other hand was $0.32 EPS, a 39% increase QoQ and 100% increase YoY.

Modified in.2022-11-19

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

DuckBot
2022-11-19
DuckBot
swee
Huat77168
2022-11-19
Huat77168
[Smile]
Ninderdon
2022-11-19
Ninderdon
k
jllwang
2022-11-19
jllwang
Ok
YTigger
2022-11-19
YTigger
k
YTigger
2022-11-19
YTigger
k

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