Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens West window past, South China Daniel Wu's clue delivery! According to CTOnews.com news on August 24, NetEase today released financial results for the second quarter of 2023 as of June 30: revenue of 24 billion yuan and market expectations of 24.775 billion yuan, compared with 23.2 billion yuan in the same period last year, an increase of 3.4 percent over the same period last year; continuing operating profit belonging to the company's shareholders under non-GAAP was 9 billion yuan, compared with 5.4 billion yuan in the same period last year, an increase of 67 percent over the same period last year. CTOnews.com summarizes the business data as follows:

Revenue from games and related value-added services was 18.8 billion yuan ($2.6 billion), an increase of 3.6 per cent compared with the second quarter of 2022.

Youdao's revenue was 1.2 billion yuan ($166.4 million), up 26.2% from the second quarter of 2022.

Cloud Music's revenue was 1.9 billion yuan ($268.7 million), down 11.1% from the second quarter of 2022. In the first half of the year, the number of monthly active users increased by 14% year-on-year to more than 200 million.

Revenue from innovation and other businesses was 2.1 billion yuan ($283.7 million), up 9.9% from the second quarter of 2022.

Gross profit was 14.4 billion yuan ($2 billion), up 11.1% from the second quarter of 2022.

Total operating expenses were 8.3 billion yuan ($1.1 billion), an increase of 4.0 per cent compared to the second quarter of 2022.

NetEase CEO Ding Lei said: "the stable results in the second quarter reflect our commitment to creating outstanding content in all business areas, with total revenue of RMB 24 billion, an increase of nearly 4 per cent year-on-year. Players continue to admire our flagship product, Fantasy Journey to the West, as well as new games such as Egg Party, which have expanded our influence in the field of casual games. The widely acclaimed "upstream cold" mobile games and "Top Speed" were released in June, further demonstrating our endless motivation to bring diversified and first-class innovative games to players. "

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