Netease Inc ( (HK:9999) ) just unveiled an announcement.
NetEase, Inc. announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024. The company reported net revenues of RMB26.7 billion, a 1.4% decrease from the same quarter in 2023. Despite a rise in games and related services revenue by 1.5%, declines were noted in various other segments, including Youdao, NetEase Cloud Music, and innovative businesses. The gross profit saw a slight decrease of 3.3%, while total operating expenses decreased significantly by 15.1%. These results reflect a mixed financial performance with a focus on cost management.
More about Netease Inc
NetEase, Inc. is a leading internet and game services provider based in Hangzhou, China. The company primarily focuses on games and related value-added services, as well as other digital products such as Youdao, an online education service, and NetEase Cloud Music, a music streaming service.
YTD Price Performance: 17.41%
Average Trading Volume: 6,886,149
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: HK$517.2B
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