Netease Stock Price, News & Analysis

NetEase, Inc. (NASDAQ: NTES) has announced a donation of RMB50 million (approximately US$7.7 million) to support recovery efforts in Henan Province, China, following severe flooding. The disaster has caused significant disruption in cities like Zhengzhou, impacting transportation and infrastructure.

The company initiated a disaster relief campaign, including an online emergency channel for support and collaboration with public welfare agencies for reconstruction of local schools. NetEase continues to monitor the situation and may provide additional assistance as needed.

NetEase, Inc. (NASDAQ: NTES) hosted its Seventh Annual Product Launch on May 20, 2021, showcasing over 60 new games and content updates. The event featured separate sessions for English and Japanese audiences, introducing 19 globally appealing titles. Notable collaborations announced include mobile games based on Harry Potter and Cells at Work!. NetEase aims to strengthen its brand recognition and enhance user engagement through innovative content for both existing franchises like Fantasy Westward Journey and new titles such as Badlanders and Project: ATLAS.

NetEase reported its Q1 2021 financial results, showing net revenues of RMB20.5 billion (US$3.1 billion), marking a 20.2% year-over-year increase. Online game services generated RMB15.0 billion (US$2.3 billion), a 10.8% increase, while Youdao net revenues surged 147.5% to RMB1.3 billion (US$204.5 million). Gross profit rose to RMB11.1 billion (US$1.7 billion), up 17.9%. However, total operating expenses climbed 38.6% to RMB6.8 billion (US$1.0 billion). Net income attributable to shareholders was RMB4.4 billion (US$677.5 million). The company also declared a dividend of US$0.0600 per share.

NetEase, Inc. (NASDAQ: NTES) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2020. This report provides detailed financial information, including audited consolidated financial statements, available for shareholders upon request. NetEase, a prominent internet technology company in China, continues to expand its market presence, particularly in gaming and other online services, partnering with major developers like Blizzard Entertainment.

NetEase, Inc. (NASDAQ: NTES) will announce its financial results for Q1 2021 on May 18, 2021, before U.S. market opening. The earnings call will be held at 8:00 a.m. ET on the same day, with management discussing results and answering questions. Participants can join by calling 1-646-828-8193 and using conference ID 4996242. A replay will be available until May 31, 2021. NetEase is recognized as a leading internet technology company in China, providing diverse online services, including popular mobile and PC games, and music streaming through NetEase Cloud Music.

NetEase (NASDAQ: NTES) reported strong fourth quarter 2020 results, with net revenues of RMB 19.8 billion (US$3.0 billion), up 25.6% year-over-year. Online game services revenues rose 15.5% to RMB 13.4 billion (US$2.1 billion). Youdao saw a remarkable 169.7% increase in revenues, hitting RMB 1.1 billion (US$169.6 million). Gross profit reached RMB 9.9 billion (US$1.5 billion), marking a 20.9% increase. However, operating expenses surged 32.1% to RMB 6.9 billion (US$1.1 billion). The company reported a net income of RMB 975.7 million (US$149.5 million), significantly down from prior quarters due to exchange losses.

NetEase, Inc. (NASDAQ: NTES) will announce its financial results for Q4 and the fiscal year 2020 on February 25, 2021, before U.S. market open. The earnings call, featuring management discussing results and a Q&A session, will start at 7:00 a.m. ET. Interested participants can join by calling 1-646-828-8193 with conference ID 1965811. A replay will be available until March 10, 2021. NetEase continues to advance its internet technology and game services in both domestic and international markets.

IMVU Inc. has secured over $35 million in a strategic investment led by Structural Capital and NetEase, aimed at enhancing product development and expanding its growing business. This funding supports the rebranding of IMVU as Together Labs, which emphasizes authentic human connections in virtual spaces. The company experienced significant growth in 2020, boasting over 7 million monthly active users and the launch of VCOIN, enabling users to engage in peer-to-peer transactions. Together Labs is poised for further growth with the upcoming WithMe platform.