Fantasy Westward Journey

Cloud Music Inc. Reports Fiscal Year 2023 Financial Results

Retrieved on: 
Thursday, February 29, 2024
Cloud, The Young Master, NetEase Cloud Music, CoMix Wave Films, Growth, Xiaoice, Comment, NetEase, To You, History, Higher Brothers, Music, Algorithm, Maus, Sunlight, Lantis, Radio, SAIC Volkswagen, Community, Partnership, Fantasy Westward Journey, PGC, PC, JTBC, Ecology, EE-Media, Capper, PIN, Yan Luo, Internet of things, Sky, Communication, MAU, MC HotDog, LMM, Space Shower TV, Pepsi

Apart from top-tier music content, we focused on our most advantageous music genres, such as hip-hop, fuelled by our initiatives in both copyrighted content and original music.

Key Points: 
  • Apart from top-tier music content, we focused on our most advantageous music genres, such as hip-hop, fuelled by our initiatives in both copyrighted content and original music.
  • We also collaborated with our partners like Pepsi to launch annual music festivals and resumed campus tour music festivals, nurturing NetEase Cloud Music musicians.
  • In September 2023, we launched "Project Cloud Ladder 2023 – Phase 2"(云梯计划2023第二期) and introduced the new "Appreciation (赞赏)" feature for tipping.
  • Our in-house studios have recently launched several special music projects, aiming at producing and promoting in-house music, covering band music, hip-hop, R&B, pure music, as well as film music.

NetEase Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Thursday, February 29, 2024
Cloud, Online, RMB, ADS, Internet, Music, Fantasy Westward Journey, PIN, MMO, Interest, Share repurchase, Marketing, Investment, Shop, IOS, HKEX, NetEase, Social responsibility, Lunar New Year, Justice, Queen's Road East, Advertising, GAAP, Ecosystem, Policy, Minor, Research, Video game

HANGZHOU, China, Feb. 29, 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 fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • HANGZHOU, China, Feb. 29, 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 fourth quarter and fiscal year ended December 31, 2023.
  • Net revenues from Youdao were RMB1.5 billion (US$208.5 million) for the fourth quarter of 2023, compared with RMB1.5 billion each for the preceding quarter and the fourth quarter of 2022.
  • Gross profit for the fourth quarter of 2023 was RMB16.8 billion (US$2.4 billion), compared with RMB17.0 billion and RMB13.2 billion for the preceding quarter and the fourth quarter of 2022, respectively.
  • Gross profit margin for Youdao for the fourth quarter of 2023 was 49.9%, compared with 55.9% and 53.3% for the preceding quarter and the fourth quarter of 2022, respectively.

NetEase Announces Third Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, November 16, 2023
Cloud, Interest, HKEX, Research, Policy, Justice, Investment, Share repurchase, Fantasy Westward Journey, Music, PIN, NetEase, ADS, Marketing, RMB, GAAP, Internet, Queen's Road East, Shop, Growth, IOS, Pleasure, Video game, Bank, Sales, Clothing, Youdao, NetEase Cloud Music

HANGZHOU, China, Nov. 16, 2023 /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 third quarter ended September 30, 2023.

Key Points: 
  • HANGZHOU, China, Nov. 16, 2023 /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 third quarter ended September 30, 2023.
  • Gross profit for the third quarter of 2023 was RMB16,966.3 million (US$2,325.4 million), compared with RMB14,375.4 million and RMB13,743.9 million for the preceding quarter and the third quarter of 2022, respectively.
  • 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.
  • NetEase paid a dividend of US$0.1050 per share (US$0.5250 per ADS) for the second quarter of 2023 in September 2023.

Cloud Music Inc. Reports First Half 2023 Financial Results

Retrieved on: 
Thursday, August 24, 2023
Cloud, SAIC Volkswagen, Networking hardware, Square, VIP, Music, Communication, Partnership, MAU, Tmall Genie, Capper, Geely, Internet of things, Perception, JTBC, Human, Emotion, Fantasy Westward Journey, Taking Back the Cities Tour, Social entertainment, IPS, PIN, Acquisition, Accounting, Eggy, NetEase, Sound, Maus, OST, Yan Luo, Growth, Xiaoice, Ecology, System, NetEase Cloud Music, Video game, Entertainment, Pharmaceutical industry, Online shopping, Cassette tape

Despite the industry-wide slowdown, our MAUs of online music services for the first half of 2023 steadily climbed to 206.7 million, up 13.7% year-over-year.

Key Points: 
  • Despite the industry-wide slowdown, our MAUs of online music services for the first half of 2023 steadily climbed to 206.7 million, up 13.7% year-over-year.
  • We also secured more high-quality content in the first half of 2023, with a focus on better cost efficiency.
  • We improved our profitability considerably in the first half of 2023, mainly attributable to our increased scale and cost optimisation.
  • In the first half of 2023, we further promoted product innovation and the build-up of a music community that brings excitement to users.

NetEase Announces Second Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, August 24, 2023
Cloud, Queen's Road East, Justice, Hopewell Center, Face, Marketing, Share repurchase, Internet, ADS, Policy, Life Is Feudal: MMO, GAAP, Research, RMB, IOS, Fantasy Westward Journey, Interest, Badlands National Park, The New York Times Company, HKEX, PIN, Investment, NetEase, Magic, Identity V, Shop, Video game, Film industry, Holding company, NetEase Cloud Music, Youdao

HANGZHOU, China, Aug. 24, 2023 /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, 2023.

Key Points: 
  • HANGZHOU, China, Aug. 24, 2023 /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, 2023.
  • Gross profit for the second quarter of 2023 was RMB14,375.4 million (US$1,982.5 million), compared with RMB14,896.5 million and RMB12,941.5 million for the preceding quarter and the second quarter of 2022, respectively.
  • Gross profit margin for Youdao for the second quarter of 2023 was 47.0%, compared with 51.7% and 42.8% for the preceding quarter and the second quarter of 2022, respectively.
  • The effective tax rate for the second quarter of 2023 was 8.0%, compared with 19.5% and 22.0% for the preceding quarter and the second quarter of 2022, respectively.

PETGPT Launches Closed Beta on Arbitrum Testnet

Retrieved on: 
Friday, June 16, 2023
Blockchain, Mechanics, Human, NFT, ETH, Mint, Covenant Baptist Theological Seminary, GPT, OpenAI, Fantasy Westward Journey, P2E, CZ, Non-fungible token, Pet, Ecosystem, SBT, Non-player character, Cryptocurrency, Video game, Metaverse

SINGAPORE , June 15, 2023 (GLOBE NEWSWIRE) -- Recently, PETGPT, a pet companion app, initiated a closed beta on the Arbitrum Testnet.

Key Points: 
  • SINGAPORE , June 15, 2023 (GLOBE NEWSWIRE) -- Recently, PETGPT, a pet companion app, initiated a closed beta on the Arbitrum Testnet.
  • PETGPT creatively adopts the NFT+SBT dual model, where NFTs are freely minted and can be traded on secondary markets.
  • GPT-4 may be ensures a solid foundational experience and quick deployment, but small models are the crux and core of PETGPT.
  • Currently, PETGPT is built on OpenAI's GPT, which ensures a solid foundational experience and quick deployment.

NetEase Announces First Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, May 25, 2023
Cloud, Online, STEAM, Advertising, Queen's Road East, Justice, Hopewell Center, Marketing, Share repurchase, Internet, ADS, Policy, GAAP, Research, RMB, IOS, Fantasy Westward Journey, Interest, Badlands (Halsey album), The New York Times Company, HKEX, PIN, Investment, NetEase, Magic, Ecosystem, Identity V, Shop, Video game, Cryptocurrency, NetEase Cloud Music, Youdao

HANGZHOU, China, May 25, 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 its unaudited financial results for the first quarter ended March 31, 2023.

Key Points: 
  • HANGZHOU, China, May 25, 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 its unaudited financial results for the first quarter ended March 31, 2023.
  • Net revenues from Youdao were RMB1,163.3 million (US$169.4 million) for the first quarter of 2023, compared with RMB1,454.0 million and RMB1,200.5 million for the preceding quarter and the first quarter of 2022, respectively.
  • Gross profit for the first quarter of 2023 was RMB14,896.5 million (US$2,169.1 million), compared with RMB13,244.4 million and RMB12,836.4 million for the preceding quarter and the first quarter of 2022, respectively.
  • The effective tax rate for the first quarter of 2023 was 19.5%, compared with 20.2% and 22.0% for the preceding quarter and the first quarter of 2022, respectively.

Updates to Existing and Pipeline Games Announced at NetEase's 2023 Product Launch Event

Retrieved on: 
Saturday, May 20, 2023
Dark, Justice, Internet, The Dark Knight Rises, Fantasy Westward Journey, Badland (video game), HKEX, NetEase, Video game, Ashfall Fossil Beds

Catering to NetEase's growing global audience, these updates were streamed in English and Japanese during NetEase Connect 2023, the Company's annual product launch event that took place on May 20, 2023.

Key Points: 
  • Catering to NetEase's growing global audience, these updates were streamed in English and Japanese during NetEase Connect 2023, the Company's annual product launch event that took place on May 20, 2023.
  • The latest content updates are part of NetEase's efforts to grow its development pipeline of quality products for players around the world.
  • Earlier this year, the Company announced two newly formed games studios, Anchor Point Game Studios and Spliced Inc Limited, spearheaded by industry veterans and talents who are focused on bringing more fresh and thrilling experiences to players worldwide.
  • Alongside the many exciting announcements at NetEase Connect 2023, the Company revealed its global aspiration for its casual game Eggy Party, which was first launched internationally in the Philippines last month.

NetEase Showcases a Diverse Slate of Presentations at GDC 2023

Retrieved on: 
Thursday, March 16, 2023
Tao, GDC, Research, Conference, UX, Machine learning, Future, Summit, Fantasy Westward Journey, Education, SOC, Moscone Center, Skin, Togetherness, Expo, Internet, San Francisco, Ace Racer, State, Culling, HKEX, Growth, Cosmetics, Consumer choice, NetEase, Video game, Entertainment, Life

NetEase Games will also introduce CliCli, an integrated game editor and global distribution platform which removes barriers to entry for game creators.

Key Points: 
  • NetEase Games will also introduce CliCli, an integrated game editor and global distribution platform which removes barriers to entry for game creators.
  • This year's event will be held in person and online at San Francisco's Moscone Convention Center from March 20-24, 2023.
  • The talks listed above and other presentations from NetEase Games are available to GDC attendees with All Access, Core or Summit passes.
  • For more information about GDC 2023 and where to watch the NetEase Games presentations online, visit the official event website at https://gdconf.com/
    Learn more about NetEase at GDC: https://schedule.gdconf.com/search/Netease
    To get real-time updates from NetEase during GDC, follow us on Twitter at https://twitter.com/NetEase_Global and https://twitter.com/NetEaseGames_EN

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.