NetEase, Inc. reports developments as a foreign issuer and ADR company with securities traded on Nasdaq and the Hong Kong Stock Exchange. The company is an internet and game services provider centered on premium content, with a gaming ecosystem spanning mobile, PC and console titles in China and global markets.
Recurring news covers quarterly and annual financial results, game and value-added services revenue drivers, annual Form 20-F reporting, and updates involving majority-controlled subsidiaries. These include Youdao, which provides AI-powered learning and advertising solutions, NetEase Cloud Music, an online music platform with a content community, and Yanxuan, NetEase's private-label consumer lifestyle brand.
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.
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.