Welcome to our dedicated page for Netease news (Ticker: NTES), a resource for investors and traders seeking the latest updates and insights on Netease stock.
NetEase, Inc. (NTES) is a leading innovator in China's digital entertainment and technology sectors, renowned for its online games, cloud music services, and education platforms. This page aggregates official announcements, financial disclosures, and market developments directly impacting NetEase's business trajectory.
Investors and industry observers will find curated updates spanning quarterly earnings reports, game licensing developments, strategic partnerships, and technology initiatives. The repository serves as a centralized source for tracking the company's progress across its core segments including interactive entertainment, digital content distribution, and AI-driven educational services.
All updates are organized chronologically with clear sourcing, enabling efficient tracking of NetEase's operational milestones. Regular visitors gain insights into the company's evolving position within China's competitive internet landscape through verified press releases and objective reporting.
Bookmark this page for streamlined access to NTES-related developments, including regulatory updates affecting the gaming sector, expansion of Cloud Music's subscriber base, and innovations from Youdao's smart learning ecosystem.
NetEase reported its third-quarter financial results for 2020, showcasing robust growth with net revenues of RMB18.7 billion (US$2.7 billion), a 27.5% increase year-over-year. Online game services contributed RMB13.9 billion (US$2.0 billion), marking a 20.2% year-over-year rise. Youdao's revenues soared 159% to RMB896 million (US$132 million). However, total operating expenses rose by 54.7% to RMB7.0 billion (US$1.0 billion), impacting net income, which fell to RMB3.0 billion (US$441.6 million) from RMB4.5 billion in the previous quarter. The company announced a dividend of US$0.195 per ADS.
NetEase, Inc. (NASDAQ: NTES) will announce its financial results for the third quarter of 2020 on November 19, prior to U.S. market opening. A conference call for discussion and Q&A will follow at 7:00 a.m. Eastern Time on the same day. Interested participants can join by calling 1-646-828-8143 with conference ID 5158324. The live webcast and call replay will be accessible on NetEase's Investor Relations site for 12 months. The company is recognized for providing diverse online services and operates popular games in China and internationally.
NetEase (NASDAQ: NTES) has launched the sale of Kweichow Moutai's 53% ABV Feitian Moutai on its e-commerce platform, Yanxuan, for RMB1,499 (approx. US$220). This marks a key step in their strategic partnership, enhancing access for younger consumers. Kweichow Moutai, valued at approximately US$300 billion, aims to reach a broader audience through NetEase's marketing capabilities. Both companies plan to expand their collaboration beyond this initial product offering.
NetEase, Inc. (NASDAQ: NTES) announced a ratio change for its American Depositary Shares (ADSs), shifting from 1 ADS for every 25 ordinary shares to 1 ADS for every 5 ordinary shares. This will operate similarly to a five-for-one ADS split. Existing ADS holders will receive four additional ADSs for each ADS held by the close of business on September 30, 2020, effective October 1, 2020. The trading price adjustment is expected to be reflected on the NASDAQ Global Select Market on October 2, 2020. No action is needed from ADS holders, and there will be no change to the ordinary shares.
NetEase, Inc. (NASDAQ: NTES) reported strong second-quarter 2020 results, with net revenues rising by 25.9% to RMB18.2 billion (US$2.6 billion) year-over-year.
Online game services generated RMB13.8 billion (US$2.0 billion), a 20.9% increase. Youdao's revenues surged by 93.1% to RMB623.3 million (US$88.2 million).
Gross profit rose by 26.6% to RMB9.8 billion (US$1.4 billion), despite operating expenses increasing by 40.1% to RMB5.6 billion (US$795.8 million).
Net income was RMB4.5 billion (US$642.3 million), with a basic EPS of US$4.95.
NetEase, Inc. (NASDAQ: NTES) announced it will release its financial results for the second quarter of 2020 on August 13, 2020, before U.S. market opening. A teleconference will be held at 7:30 a.m. ET on the same day, featuring management discussing the results and fielding questions. Interested participants can join by calling provided numbers or accessing the live webcast. The earnings report will reflect NetEase's ongoing performance as a leading internet technology company in China, known for its diverse online services.
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