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NetEase (NTES)
NASDAQ:NTES
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.72Last Year’s EPS
1.56Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -2.64%
|Next Earnings Date:May 27, 2025
Earnings Call Sentiment|Positive
NetEase demonstrated strong revenue growth and successful game launches, particularly with Marvel Rivals and the return of Blizzard games in China. Youdao achieved its first annual operating profit, indicating positive financial developments. However, there were declines in revenue for Youdao learning services, NetEase Cloud Music, and innovative businesses. Lower gross profit margins for games also present a challenge. Overall, the highlights and achievements outweigh the challenges, reflecting a generally positive sentiment.Company Guidance
During the NetEase 2024 Fourth Quarter and Fiscal Year 2024 Earnings Conference Call, the company provided detailed guidance on its financial and operational performance. Total net revenue for 2024 reached RMB 105.3 billion, with games and related value-added services contributing RMB 83.6 billion, both marking record highs. The company emphasized its commitment to innovation and global market expansion, highlighting the success of its game titles like Marvel Rivals, which amassed over 40 million players and topped Steam's charts. NetEase's PC client games achieved a 17% year-over-year growth, and mobile games accounted for about 73% of the total net revenue from online games for the full year. The company also reported a 31% year-over-year increase in non-GAAP net income attributable to shareholders for the fourth quarter, totaling RMB 9.7 billion. Additionally, it announced a dividend of US$1.22 per ADS and repurchased approximately RMB 21.2 million ADS. The call underscored the company's strategic focus on high-quality content, operational excellence, and sustainable long-term growth.Record Revenue Achieved
NetEase achieved a total net revenue of RMB 105.3 billion in 2024, with RMB 83.6 billion from games and related services, marking the 22nd consecutive year of revenue growth from online games operations.
Marvel Rivals Success
The launch of Marvel Rivals was a major success, reaching the number one spot on Steam's top seller chart within four hours and accumulating over 40 million players.
Where Winds Meet Launch
Where Winds Meet reached 50 million players within two weeks of its launch, topping iOS download charts and driving engagement with its innovative gameplay.
Blizzard Game Returns
The return of Blizzard games to China was highly successful, with World of Warcraft and Hearthstone generating strong momentum.
Strong Performance of PC Client Games
PC client games achieved 17% year-over-year growth, with a 57% increase in Q4, driven by titles like Naraka: Bladepoint and Westward Journey Online II.
Youdao's First Annual Operating Profit
Youdao achieved its first-ever annual operating profit in 2024, with a 10% year-over-year increase in operating profit in Q4.
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NTES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NTES Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $104.17 | $101.42 | -2.64% |
| Nov 14, 2024 | $75.90 | $83.80 | +10.41% |
| Aug 22, 2024 | $91.62 | $81.39 | -11.17% |
| May 23, 2024 | $96.82 | $93.26 | -3.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NetEase (NTES) report earnings?
NetEase (NTES) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is NetEase (NTES) earnings time?
NetEase (NTES) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NTES EPS forecast?
NTES EPS forecast for the fiscal quarter 2024 (Q4) is 1.72.
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