NetEase's Q1 Earnings: Gaming Giant Shows Resilience with Growth in Cash Flow and Cloud Music [Yahoo! Finance]
NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares (NTES)
Last netease, inc. - american depositary shares, each representing 5 ordinary shares earnings: 2/26 06:00 pm
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Source: Yahoo! Finance
The Chinese gaming player's adjusted EPADS of $1.81 beat the analyst consensus estimate of $1.79 Segments and margins: Games and related value-added services revenues grew 7.0% year over year to $3.0 billion. The corresponding gross margin increased by 280 bps to 69.5%, attributable to changes in revenue contribution from different platforms and revenues from NetEase's self-developed games. Youdao, Inc.'s (NYSE: DAO ) revenue climbed by 19.7% year over year to $192.8 million, but the corresponding gross margin declined by 270 bps to 49.0%, mainly due to increased revenue contribution from its online marketing services. Cloud Music's revenues were $281.1 million, up 3.6% year over year, and its gross margin expanded by 1,560 bps to 38.0%. Innovative businesses and other revenue grew by 6.1% year over year to $272.8 million, and the gross margin increased by 800 bps to 33.4% due to improved gross profit margins from Yanxuan and several other businesses included within the segme
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NTES
Earnings
- 5/23/24 - Beat
NTES
Sec Filings
- 5/23/24 - Form 6-K
- 5/9/24 - Form 13F-HR
- 5/6/24 - Form 6-K
- NTES's page on the SEC website