Profile
Sector:
Communication ServicesIndustry:
Electronic Gaming & MultimediaCountry:
ChinaIPO:
30 June 2000Website:
http://netease.gcs-web.comNext earnings report:
15 November 2024Last dividends:
06 September 2024Next dividends:
N/APrice
pre-market | 58 min agoAnalysts recommendations
Institutional Ownership
NTES Latest News
HANGZHOU, China , Oct. 31, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced that it will report financial results for the 2024 third quarter on Thursday, November 14, 2024, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 7:00 a.m.
HANGZHOU, China , Oct. 23, 2024 /PRNewswire/ -- NetEase Cloud Music, a leading online music platform in China, has joined forces with Kakao Entertainment, a prominent South Korean entertainment company, to premiere new K-POP songs in China. Starting October 24, 2024, NetEase Cloud Music will exclusively feature Kakao Entertainment's latest music releases for the first 30 days concurrent with their global launch.
NetEase Games on Monday released specific dates and time slots during which Chinese children will be permitted to play its video games during the upcoming Mid-Autumn Festival and National Day holidays.
NetEase's Q2 showed top-line growth (+6.1% revenue, +11.6% gross profit) but a 17% drop in net income, leading to a 12% stock decline since my last analysis. AI-driven innovations and global expansion enhance NetEase's long-term potential; the gaming portfolio and dividend yield of 3.15% are key bullish factors. Despite competition and regulatory risks, FY25 could drive 25% price growth due to valuation recovery.
NetEase (NTES) American depository receipts (ADRs) tumbled as the company's second-quarter profit failed to meet expectations despite growing video game revenue.
HANGZHOU, China , Aug. 22, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 202 4 Financial Highlights Net revenues were RMB25.5 billion (US$3.5 billion), an increase of 6.1% compared with the same quarter of 2023.
HANGZHOU, China , Aug. 22, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced its financial results for the first half of 2024 ended June 30, 2024. Summary of Key Financial Metrics (RMB in thousands, unless otherwise stated) Six months ended 30 June 2024 2023 (Unaudited) (Unaudited) Revenue 4,070,493 3,908,380 Gross profit 1,425,731 965,147 Profit before income tax 813,578 311,961 Profit for the period 809,949 293,750 Non-IFRS measure: Adjusted net profit (1) 880,749 331,893 First Half 2024 K ey Financial Highlights Revenue was RMB4.1 billion, an increase of 4.1% compared with RMB3.9 billion for the same period of 2023.
HANGZHOU, China , Aug. 5, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899 or the "Company"), a leading interactive music streaming service provider in China, today announced that it will report its financial results for the first half of 2024 ended June 30, 2024 on Thursday, August 22, 2024, after the Hong Kong market closes. The Company's management will host an earnings conference call at 7:00 p.m.
HANGZHOU, China , Aug. 5, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced that it will report financial results for the 2024 second quarter on Thursday, August 22, 2024, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 8:00 a.m.
What type of business is NetEase?
NetEase, Inc. is a Chinese internet company that provides online services focusing on content, community, communication, and commerce in China. It was registered in the Cayman Islands on July 6, 1999 as NetEase.com, Inc., and in March 2012 changed its name to NetEase, Inc. The company's headquarters is located in Hangzhou, China. Since its founding, the company offered search services and free email. Over time, NetEase, Inc.'s business model underwent significant transformation. Drawing on knowledge of user needs and experience in execution, the company created a range of innovative and successful services, from email, music streaming services, and e-commerce under private label to internet media, intelligent learning, and more. Today, NetEase, Inc. is a media holding company comparable to Russian companies Yandex or Mail.ru Group, but focused on the domestic market.
What sector is NetEase in?
NetEase is in the Communication Services sector
What industry is NetEase in?
NetEase is in the Electronic Gaming & Multimedia industry
What country is NetEase from?
NetEase is headquartered in China
When did NetEase go public?
NetEase initial public offering (IPO) was on 30 June 2000
What is NetEase website?
https://netease.gcs-web.com
Is NetEase in the S&P 500?
No, NetEase is not included in the S&P 500 index
Is NetEase in the NASDAQ 100?
Yes, NetEase is included in the NASDAQ 100 index
Is NetEase in the Dow Jones?
No, NetEase is not included in the Dow Jones index
When was NetEase the previous earnings report?
No data
When does NetEase earnings report?
The next expected earnings date for NetEase is 15 November 2024