Netease Stock Price, News & Analysis

Cloud Village Inc. (HKEX: 9899), operating as NetEase Cloud Music, reported strong Q1 2022 results with revenue reaching RMB 2.1 billion, up 38.6% from RMB 1.5 billion in Q1 2021. The gross profit improved to RMB 251.6 million from a loss of RMB 54.0 million. Monthly paying users for online music services increased to 36.7 million, while social entertainment services showed remarkable growth with 1,181.7 thousand paying users. The net loss narrowed to RMB 180.0 million, a significant improvement compared to RMB 1.7 billion in the previous year.

NetEase reported Q1 2022 financial results with net revenues of RMB23.6 billion (US$3.7 billion), a 14.8% increase year-over-year. Online game services revenue rose 15.3% to RMB17.3 billion (US$2.7 billion). Youdao saw a 10.4% decline in net revenues to RMB1.2 billion (US$189.4 million). Cloud Music revenues increased by 38.6% to RMB2.1 billion (US$326.1 million). Gross profit reached RMB12.8 billion (US$2.0 billion), a 16.1% increase, while net income attributable to shareholders was RMB4.4 billion (US$693.1 million). The company announced a quarterly dividend of US$0.0644 per share.

NetEase, a leading internet services provider in China, will launch Diablo® Immortal™ in China on June 23, 2022, with over 15 million pre-registrations. During its 2022 Annual Product Launch event, NetEase announced updates for over 50 existing and upcoming titles, focusing on both mobile and PC games. The company is expanding internationally, establishing new studios in the U.S. and Japan, while enhancing its R&D capabilities. Plans for expansion packs, e-sports tournaments, and collaborations with non-profits were also revealed, showcasing NetEase's commitment to diversifying its gaming portfolio.

Cloud Village Inc. (HKEX: 9899), a leading music streaming service in China, will announce its financial results for Q1 2022 on May 24, 2022. This key report will detail the company’s financial performance and recent business updates, available on its investor relations website as well as the Hong Kong Stock Exchange. Launched in 2013 by NetEase, Inc. (NASDAQ: NTES), Cloud Village focuses on personalized user experiences and promoting emerging musicians, making it popular among China's Generation Z audience.

NetEase, Inc. (NASDAQ: NTES) announced it will release its financial results for the first quarter of 2022 on May 24, 2022, before U.S. market opening. Following the earnings report, a teleconference and webcast will occur at 8:00 a.m. ET, where management will discuss the results and address questions. Interested parties can join the call by dialing in 15 minutes early. A replay will be available until June 6, 2022. NetEase is a leading internet technology company in China, known for its innovative online services and gaming portfolio.

NetEase, Inc. (NASDAQ: NTES) announced an update regarding its status under the Holding Foreign Companies Accountable Act (HFCAA). On May 4, 2022, the SEC provisionally identified NetEase as a Commission-Identified Issuer due to an audit report that the PCAOB cannot inspect. If this situation persists for three years, NetEase’s shares may be prohibited from trading in the U.S. The company reassured that its ADSs continue to trade on Nasdaq and emphasized that this update does not affect business operations.

NetEase Games has announced the launch of its first-ever first-party studio in the United States, named Jackalope Games, located in Austin, Texas. This studio will focus on creating engaging PC and console games, operating with full creative autonomy. Led by industry veteran Jack Emmert, known for titles like City of Heroes and Neverwinter, Jackalope will produce its inaugural project fully funded by NetEase. The establishment underscores NetEase's commitment to innovation and expanding its global gaming presence.

NetEase, Inc. (NASDAQ: NTES) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021. The report is available on the Company’s investor relations website. Shareholders and ADS holders can request a hard copy of the annual report containing audited consolidated financial statements free of charge. NetEase is a leading internet technology company in China, known for its innovative online services, games, and e-commerce platforms.

Blizzard Entertainment announced that Diablo Immortal will launch on June 2, with over 30 million players pre-registered globally. The game, designed for mobile and PC, features cross-play and cross-progression. Players can choose from six classes and explore a new storyline, with content updates planned post-launch. Notably, the title is free-to-play, supported by in-game purchases. The Open Beta for PC will include all features and retain player progress. Blizzard aims to deliver an AAA experience that captures the franchise's legacy.