NetEase

Cloud Music Inc. Reports Fiscal Year 2022 Financial Results

Retrieved on: 
Thursday, February 23, 2023
Online, Cloud, Atmos, Ã, Land, TFBOYS, BLACKPINK, SM Entertainment, TFBoys, NetEase, Ecosystem, INC, Networking hardware, DIE, Comment, Dolby Atmos, B'in Music, Accounting, Girls' Generation, Star, LOVE, Internet of things, Partnership, SM, Maus, Travel, RILM Music Encyclopedias, KAO, EXO, YG Entertainment, Growth, Encyclopedia, SUPER, Ace Racer, Ecology, Digital, BIGBANG, Minecraft, BPM, Atmosphere-Space Interactions Monitor, CCTV, Sport, PIN, Rock Records, MAU, Communication, Music, Video game, Entertainment, Cryptocurrency, Security (finance), Tourism, Creative industries, Nightclub, Mobile phone, Online shopping

Despite the industry-wide slowdown, our MAUs of online music services for 2022 still steadily climbed to 189.4 million, up 4% year-over-year.

Key Points: 
  • Despite the industry-wide slowdown, our MAUs of online music services for 2022 still steadily climbed to 189.4 million, up 4% year-over-year.
  • A remarkable example is our recently announced partnership with B'in Music, which expands our leading content library with some of most influential C-pop music.
  • - Online exposure: Launched Independent Artist Zone, comprising Original Music Discovery and Local Recommendation, expanding music discovery and consumption scenarios, and kicking off local-based operations for original music.
  • - Offline presence: Rolled out our camping-themed music festival brand "Cloud Village Camping Music Festival", incorporating an offline presence to promote our musician ecosystem.

NetEase Announces Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results

Retrieved on: 
Thursday, February 23, 2023
Cloud, Online, RMB, Advertising, Avex Inc., PIN, ADS, Queen's Road East, Magic, Policy, Internet, Fantasy Westward Journey, NetEase, Sale, Shop, Hopewell Center, GAAP, Share repurchase, Investment, Justice, Growth, The New York Times Company, Badlands National Park, Marketing, Interest, HKEX, Music, Invincible, History, Video game, Pharmaceutical industry, Security (finance), Cryptocurrency, Holding company, NetEase Cloud Music, Youdao, New Ghost

Net revenues for the fourth quarter of 2022 were RMB25,354.1 million (US$3,676.0 million), compared with RMB24,426.8 million and RMB24,373.6 million for the preceding quarter and the fourth quarter of 2021, respectively.

Key Points: 
  • Net revenues for the fourth quarter of 2022 were RMB25,354.1 million (US$3,676.0 million), compared with RMB24,426.8 million and RMB24,373.6 million for the preceding quarter and the fourth quarter of 2021, respectively.
  • Net revenues from Youdao were RMB1,454.0 million (US$210.8 million) for the fourth quarter of 2022, compared with RMB1,402.4 million and RMB1,333.8 million for the preceding quarter and the fourth quarter of 2021, respectively.
  • Gross profit for the fourth quarter of 2022 was RMB13,244.4 million (US$1,920.3 million), compared with RMB13,743.9 million and RMB12,917.8 million for the preceding quarter and the fourth quarter of 2021, respectively.
  • Gross profit margin for Youdao for the fourth quarter of 2022 was 53.3%, compared with 54.2% and 50.7% for the preceding quarter and the fourth quarter of 2021, respectively.

Activision Blizzard Announces Fourth Quarter and 2022 Financial Results

Retrieved on: 
Monday, February 6, 2023
Entertainment, Consumer Electronics, eSports, Sports, Technology, Electronic Games, PC, Record, NetEase, Insurance, Woman, Steam, Overwatch 2, Season, II, Call of Duty: Modern Warfare II (2022 video game), Investment, Candy Crush Saga, Anger, Activision, World of Warcraft, Classic, DMZ, Diablo, King, Acquisition, Table, Microsoft, Candy, Disclosure, GAAP, Software, Blizzard, Annual report, Activision Blizzard, History, Maus, Marketing, Growth, Diablo IV, Call of Duty, Arclight, PVE, Corporate Affairs, Warcraft, Social media, War zone, Video game, Online shopping, Call, Overwatch

Activision Blizzard generated $1.12 billion in operating cash flow for the quarter as compared with $661 million for the fourth quarter of 2021.

Key Points: 
  • Activision Blizzard generated $1.12 billion in operating cash flow for the quarter as compared with $661 million for the fourth quarter of 2021.
  • For the quarter ended December 31, 2022, Activision Blizzard’s net bookingsB were $3.57 billion, as compared with $2.49 billion for the fourth quarter of 2021.
  • Activision Blizzard delivered 43% year-over-year net bookings growth and record segment financial results in the fourth quarter.
  • Activision Blizzard, Inc. (“Activision Blizzard”) discloses information to the public concerning Activision Blizzard, Activision Blizzard’s products, content and services, and other items through a variety of disclosure channels in order to achieve broad, non-exclusionary distribution of information to the public.

NetEase to Report Fourth Quarter and Fiscal Year 2022 Financial Results on February 23

Retrieved on: 
Thursday, February 2, 2023
PIN, NetEase, Interest, HKEX, Internet, Video game

HANGZHOU, China, Feb. 2, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced that it will report financial results for the fourth quarter and fiscal year 2022 on Thursday, February 23, 2023, before the open of the U.S. markets.

Key Points: 
  • HANGZHOU, China, Feb. 2, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced that it will report financial results for the fourth quarter and fiscal year 2022 on Thursday, February 23, 2023, before the open of the U.S. markets.
  • The earnings teleconference call with simultaneous webcast will take place at 7:00 a.m. Eastern Time on Thursday, February 23, 2023 (Beijing/Hong Kong Time: 8:00 p.m., Thursday, February 23, 2023).
  • NetEase's management will be on the call to discuss the quarterly results and answer questions.
  • Interested parties may participate in the conference call by dialing 1-914-202-3258 and providing conference ID: 10028543, 15 minutes prior to the initiation of the call.

NetEase Included in 2023 Bloomberg Gender-Equality Index

Retrieved on: 
Wednesday, February 1, 2023
NetEase, Woman, Founding, Parity, ESG, Female, Index, Internet, US, Creativity, HKEX, Club, GEI, Renewable energy, Management, Bloomberg

HANGZHOU, China, Feb. 1, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced that it has been named as a member of the 2023 Bloomberg Gender-Equality Index (GEI).

Key Points: 
  • HANGZHOU, China, Feb. 1, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced that it has been named as a member of the 2023 Bloomberg Gender-Equality Index (GEI).
  • This reference index measures gender equality across five pillars, including leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies, and external brand.
  • The 2023 Gender-Equality Index comprises 484 global companies with a combined market capitalization of US$16 trillion.
  • "Congratulations to the companies that are included in the 2023 GEI," said Peter T. Grauer, Chairman of Bloomberg and Founding Chairman of the U.S. 30% Club.

China Online Gaming Market Report 2023 to 2027: Featuring NetEase, Tencent, 37 Interactive Entertainment and Net Dragon Among Others

Retrieved on: 
Wednesday, February 1, 2023
Online, NetEase, Private sector, Perfect World (company), Increase, Knives Out, VR, Internet, GameWeek Magazine, Research, Waiter–Client game, US, Communism, Video, Wi-Fi, Digital, Personal computer, Video game, Tencent, Growth

This report provides current trends and analysis of the China Online Gaming Industry, the market will reach US$ 90.52 Billion by 2027 at a CAGR of 8.45%.

Key Points: 
  • This report provides current trends and analysis of the China Online Gaming Industry, the market will reach US$ 90.52 Billion by 2027 at a CAGR of 8.45%.
  • Based on Category, China Online Gaming Market was divided into three types: Mobile Gaming, Client Gaming, and Web Gaming.
  • Online Gaming Market was divided into three types: Mobile Gaming, Client Gaming, and Web Gaming.
  • Key significant players in the China Online Gaming Market include NetEase, Tencent, 37 Interactive Entertainment, Zhejiang Century Huatong, Net Dragon, King net Network, Yoozoo Interactive, and Perfect World Entertainment.

NetEase Included in 2022 Dow Jones Sustainability Indices and Maintains Outstanding ESG Scores on MSCI and Sustainalytics

Retrieved on: 
Monday, January 9, 2023
Carbon, HKEX, ESG, Dow Jones Sustainability Indices, Global Media & Entertainment, Sustainalytics, DJSI, Risk, CSA, Media, NetEase, Emerging market, Anti-social behaviour, Internet, Corporate governance, MSCI, Carbon accounting, Renewable energy, Lithium

NetEase also further improved its environmental, social, and governance (ESG) performance in Morgan Stanley Capital International's ("MSCI") and Sustainalytics' ratings in 2022, highlighting its rigorous dedication to transparent and sustainable operations.

Key Points: 
  • NetEase also further improved its environmental, social, and governance (ESG) performance in Morgan Stanley Capital International's ("MSCI") and Sustainalytics' ratings in 2022, highlighting its rigorous dedication to transparent and sustainable operations.
  • Maintaining an "A" MSCI ESG ranking, well above the global industry average, NetEase further increased its weighted-average scores in key issues.
  • On Sustainalytics' ESG risks assessment scale, NetEase received an improved score of 14.7 in November 2022 compared to 15 in February 2022, indicating an increasingly lower ESG risk to investors compared with the prior assessment period.
  • By further strengthening its ESG information disclosure methods and refining its policies and practices, NetEase continues to be recognized by leading sustainability indices and ratings.

C-Pop Artist Chenyu Hua's New Album Won NetEase Cloud Music's Best-selling Digital Album of 2022 With Over 760,000 Copies Sold

Retrieved on: 
Tuesday, January 3, 2023
Cloud, NetEase, Music, I Love, DIE, NetEase Music, HKEX, Album, Billboard charts, Omnipotent Youth Society, Generation, New World, Sale

Not only winning the Best-selling Digital Album of 2022, it also became the fourth best-selling digital album of all time in NetEase Cloud Music's sales chart.

Key Points: 
  • Not only winning the Best-selling Digital Album of 2022, it also became the fourth best-selling digital album of all time in NetEase Cloud Music's sales chart.
  • This album is a further in-depth cooperation between Chenyu Hua and NetEase Cloud Music.
  • Previously, Chenyu Hua's fourth album, "New World," won the honor of "Best-selling Digital Album of 2020" by NetEase Cloud Music.
  • Total sales of the album launched on NetEase Cloud Music in April 2020 have reached approximately RMB37 million (nearly 1.85 million copies sold) to date.

Cloud Music Inc. Adds Expansive C-Pop Portfolio with B'in Music Agreement

Retrieved on: 
Sunday, January 1, 2023
Cloud, INC, Avex Inc., NetEase, ANN, Music, Modern Sky Festival, Emperor Group, YG Entertainment, B'in Music, Music of Asia, KAO, MAYDAY, NetEase Music, JIA, TFBoys, HKEX, Yuehua Entertainment, Generation, SM, Agreement, SM Entertainment, Video game

HANGZHOU, China, Dec. 31, 2022 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced that it has entered into a licensing agreement for digital music distribution ("the Agreement") with B'in Music International Co., Ltd. ("B'in Music"), a leading C-pop music production company, granting NetEase Cloud Music the right to distribute B'in Music's music catalog, including one of the most influential C-pop bands Mayday.

Key Points: 
  • HANGZHOU, China, Dec. 31, 2022 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced that it has entered into a licensing agreement for digital music distribution ("the Agreement") with B'in Music International Co., Ltd. ("B'in Music"), a leading C-pop music production company, granting NetEase Cloud Music the right to distribute B'in Music's music catalog, including one of the most influential C-pop bands Mayday.
  • This Agreement enables NetEase Cloud Music to introduce Mayday's full recorded songs copyright under B'in Music.
  • Moving forward, NetEase Cloud Music will pursue further collaborations with upstream copyright owners and continue to provide more high-quality music content for music lovers in China.
  • Its focus on discovering and promoting emerging musicians has made Cloud Music Inc. a destination of choice for exploring new and independent music among music enthusiasts in China.

NetEase Announces Board Change

Retrieved on: 
Friday, December 30, 2022
Cloud, NetEase, Internet, Ecosystem, Education, Black Cloud Music, NYSE, Music, Media, Hong Kong Stock Exchange, Growth, Stock exchange, Attention, HKEX, MSCI, Culture, ESG, Video game, Youdao

HANGZHOU, China, Dec. 30, 2022 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced that Mr. Lun Feng has resigned from the board of directors of the Company, effective as of December 31, 2022.

Key Points: 
  • HANGZHOU, China, Dec. 30, 2022 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced that Mr. Lun Feng has resigned from the board of directors of the Company, effective as of December 31, 2022.
  • The Company's board now consists of five directors, four of whom are independent directors.
  • As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES and HKEX:9999, "NetEase") provides premium online services centered around content creation.
  • NetEase does not undertake any obligation to update this forward-looking information, except as required under the applicable law.