Netease - NTES STOCK NEWS

Youdao, an AI-powered solutions provider focused on artificial intelligence applications for learning and advertising, has scheduled its first quarter 2025 financial results announcement for May 15, 2025, before U.S. markets open.

The earnings teleconference call and simultaneous webcast will be held at 6:00 a.m. Eastern Time (6:00 p.m. Beijing/Hong Kong Time) on the same day. Management will be available to discuss quarterly results and address questions.

Participants can join through various toll-free and international numbers:

• U.S. Toll-Free: +1-888-346-8982
• International: +1-412-902-4272
• China Toll-Free: 400-120-1203
• Hong Kong Options: 800-905-945 (Toll-Free) or +852-3018-4992

A replay will be available until May 22, 2025, and the webcast can be accessed through the company's investor relations website at http://ir.youdao.com.

Youdao (NYSE: DAO), an AI-powered solutions provider focused on learning and advertising verticals, has announced the filing of its 2024 annual report on Form 20-F with the U.S. Securities and Exchange Commission. The report, covering the fiscal year ended December 31, 2024, is now accessible on the company's investor relations website and the SEC's website.

The company will provide complimentary hard copies of the annual report to shareholders and ADS holders upon written request to their Hangzhou office.

NetEase (NASDAQ: NTES, HKEX: 9999) has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024. The report is accessible through the company's investor relations website at http://ir.netease.com/.

The internet and game services provider will provide shareholders and ADS holders with free hard copies of the annual report, which includes audited consolidated financial statements, upon request through their IR Department in Hangzhou, China.

NetEase Cloud Music reported its fiscal year 2024 financial results, showing revenue of RMB8.0 billion, up 1.1% from 2023. Online music services revenue increased 23.1% to RMB5.4 billion, driven by membership subscription growth to RMB4.5 billion. However, social entertainment services revenue declined to RMB2.6 billion.

The company's gross profit rose 27.5% to RMB2.7 billion, with gross margin improving to 33.7%. Net profit more than doubled to RMB1,565.4 million, while adjusted net profit reached RMB1,700.1 million.

The platform maintained strong user engagement with DAU/MAU ratio above 30% and expanded its content library through partnerships with major Korean labels. The company's independent musician platform celebrated its 10th anniversary, now hosting over 773,500 registered artists who contributed approximately 4.4 million tracks.

Youdao (NYSE: DAO) reported its Q4 and FY 2024 financial results, achieving its first-ever full-year profitability. In Q4 2024, total net revenues decreased 9.5% YoY to RMB1.3 billion (US$183.6 million), while income from operations increased 10.3% to RMB84.2 million.

For FY 2024, total revenues increased 4.4% to RMB5.6 billion, with online marketing services growing 48.3%. The company reported income from operations of RMB148.8 million, compared to a loss of RMB466.3 million in 2023. Learning services revenue declined 12.7% due to a more selective customer acquisition strategy.

The company's AI initiatives showed positive results, with Youdao Lingshi achieving over 70% retention rate in Q4. The company announced its 'AI Native' strategy to integrate AI across business lines. NetEase Group has committed to providing financial support for the next 36 months starting from May 2024.

NetEase (NTES) reported Q4 2024 financial results with net revenues of RMB26.7 billion (US$3.7 billion), down 1.4% year-over-year. The company's gaming segment generated RMB21.2 billion, showing a 1.5% increase, while Youdao and Cloud Music segments saw decreases of 9.5% and 5.3% respectively.

Notable gaming highlights include Marvel Rivals achieving over 40 million registered users, and Where Winds Meet surpassing 15 million players across PC and mobile platforms. The company's net income reached RMB8.8 billion (US$1.2 billion), with non-GAAP net income at RMB9.7 billion (US$1.3 billion).

For fiscal year 2024, NetEase reported total net revenues of RMB105.3 billion (US$14.4 billion), up from RMB103.5 billion in 2023. The company declared a quarterly dividend of US$0.24405 per share and continued its share repurchase program, having bought back approximately 21.2 million ADSs for US$1.9 billion as of December 31, 2024.

NetEase Cloud Music Inc. (HKEX: 9899), China's leading interactive music streaming service provider, has announced it will release its fiscal year 2024 financial results on February 20, 2025, after the Hong Kong market closes.

The company will host an earnings conference call at 7:00 p.m. Beijing/Hong Kong Time (6:00 a.m. U.S. Eastern Time) on the same day. A replay of the call will be available through February 27, 2025, accessible via phone in Chinese Mainland, Hong Kong, and the United States. A live and archived webcast will also be available on the company's investor relations website.

NetEase (NASDAQ: NTES) has announced it will release its fourth quarter and fiscal year 2024 financial results on Thursday, February 20, 2025, before U.S. markets open. The company will host an earnings teleconference call with simultaneous webcast at 7:00 a.m. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on the same day.

Participants can join the conference call by dialing 1-914-202-3258 with conference ID 10044895. A replay will be available until February 27, 2025, by dialing 1-855-883-1031 with PIN 10044895. The webcast and its replay will be accessible for 12 months on NetEase's Investor Relations website.

Youdao (NYSE: DAO), a Chinese intelligent learning company, has scheduled its fourth quarter and fiscal year 2024 financial results announcement for February 20, 2025, before U.S. markets open. The company will host an earnings teleconference call with simultaneous webcast at 5:00 a.m. Eastern Time (6:00 p.m. Beijing/Hong Kong Time) on the same day.

Management will discuss quarterly results and take questions during the call. A live and archived webcast will be available on Youdao's investor relations website. The conference call replay will be accessible until February 27, 2025.