NetEase Reports Revenues of RMB25 Billion in Q1-To The Moon - Tiger Brokers Online Investing Community - To The Moon

3
Comment
Favorite

NetEase Reports Revenues of RMB25 Billion in Q1

Tiger Newspress2023-05-25

NetEase reports revenues of RMB25 billion in Q1, better than RMB24.98 billion.

First Quarter 2023 Financial Highlights

Net revenues were RMB25.0 billion (US$3.6 billion), an increase of 6.3% compared with the first quarter of 2022.
- Games and related value-added services net revenues were RMB20.1 billion (US$2.9 billion), an increase of 7.6% compared with the first quarter of 2022.
- Youdao net revenues were RMB1.2 billion (US$169.4 million), a decrease of 3.1% compared with the first quarter of 2022.
- Cloud Music net revenues were RMB2.0 billion (US$285.4 million), a decrease of 5.2% compared with the first quarter of 2022.
- Innovative businesses and others net revenues were RMB1.9 billion (US$270.5 million), an increase of 12.8% compared with the first quarter of 2022.
Gross profit was RMB14.9 billion (US$2.2 billion), an increase of 16.0% compared with the first quarter of 2022.
Total operating expenses were RMB7.7 billion (US$1.1 billion), an increase of 4.7% compared with the first quarter of 2022.
Net income attributable to the Company's shareholders was RMB6.8 billion (US$983.6 million). Non-GAAP net income attributable to the Company's shareholders was RMB7.6 billion (US$1.1 billion).[1]
Basic net income per share was US$0.31 (US$1.53 per ADS). Non-GAAP basic net income per share was US$0.34 (US$1.71 per ADS).

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.

3

Report

Comment

empty

No comments yet

Most Discussed

7x24

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1184434419?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-05-25 16:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1184434419","market":"us","top_or_hot":-1,"title":"NetEase Reports Revenues of RMB25 Billion in Q1","media":"Tiger Newspress","content":"<html><head></head><body><p>NetEase reports revenues of RMB25 billion in Q1, better than RMB24.98 billion.</p><p><strong>First Quarter 2023 Financial Highlights</strong></p><ul><li><p>Net revenues were RMB25.0 billion (US$3.6 billion), an increase of 6.3% compared with the first quarter of 2022.</p><ul><li><p>Games and related value-added services net revenues were RMB20.1 billion (US$2.9 billion), an increase of 7.6% compared with the first quarter of 2022.</p></li><li><p>Youdao net revenues were RMB1.2 billion (US$169.4 million), a decrease of 3.1% compared with the first quarter of 2022.</p></li><li><p>Cloud Music net revenues were RMB2.0 billion (US$285.4 million), a decrease of 5.2% compared with the first quarter of 2022.</p></li><li><p>Innovative businesses and others net revenues were RMB1.9 billion (US$270.5 million), an increase of 12.8% compared with the first quarter of 2022.</p></li></ul></li><li><p>Gross profit was RMB14.9 billion (US$2.2 billion), an increase of 16.0% compared with the first quarter of 2022.</p></li><li><p>Total operating expenses were RMB7.7 billion (US$1.1 billion), an increase of 4.7% compared with the first quarter of 2022.</p></li><li><p>Net income attributable to the Company&#39;s shareholders was RMB6.8 billion (US$983.6 million). Non-GAAP net income attributable to the Company&#39;s shareholders was RMB7.6 billion (US$1.1 billion).[1] </p></li><li><p>Basic net income per share was US$0.31 (US$1.53 per ADS). Non-GAAP basic net income per share was US$0.34 (US$1.71 per ADS).</p></li></ul></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NetEase Reports Revenues of RMB25 Billion in Q1</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetEase Reports Revenues of RMB25 Billion in Q1\n</h2>\n\n<h4 class=\"meta\">\n\n2023-05-25 16:33 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NetEase reports revenues of RMB25 billion in Q1, better than RMB24.98 billion.First Quarter 2023 Financial HighlightsNet revenues were RMB25.0 billion (US$3.6 billion), an increase of 6.3% compared ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NTES","symbol_name":"网易","start_time":0,"source_url":"","article_id":"1184434419","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184434419","pubTimestamp":1685003633,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"NetEase reports revenues of RMB25 billion in Q1, better than RMB24.98 billion.First Quarter 2023 Fin","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NTES":"网易"},"translate_title":"网易报告Q1收入250亿元人民币","themeId":"ec9f6f0df2b6498587e7f5318b2eff2b","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NTES":0.9},"content_text":"NetEase reports revenues of RMB25 billion in Q1, better than RMB24.98 billion.First Quarter 2023 Financial HighlightsNet revenues were RMB25.0 billion (US$3.6 billion), an increase of 6.3% compared with the first quarter of 2022.Games and related value-added services net revenues were RMB20.1 billion (US$2.9 billion), an increase of 7.6% compared with the first quarter of 2022.Youdao net revenues were RMB1.2 billion (US$169.4 million), a decrease of 3.1% compared with the first quarter of 2022.Cloud Music net revenues were RMB2.0 billion (US$285.4 million), a decrease of 5.2% compared with the first quarter of 2022.Innovative businesses and others net revenues were RMB1.9 billion (US$270.5 million), an increase of 12.8% compared with the first quarter of 2022.Gross profit was RMB14.9 billion (US$2.2 billion), an increase of 16.0% compared with the first quarter of 2022.Total operating expenses were RMB7.7 billion (US$1.1 billion), an increase of 4.7% compared with the first quarter of 2022.Net income attributable to the Company's shareholders was RMB6.8 billion (US$983.6 million). Non-GAAP net income attributable to the Company's shareholders was RMB7.6 billion (US$1.1 billion).[1] Basic net income per share was US$0.31 (US$1.53 per ADS). Non-GAAP basic net income per share was US$0.34 (US$1.71 per ADS).","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}