HANGZHOU, China - NetEase Inc. (NASDAQ:NTES) reported first-quarter earnings and revenue that beat analyst expectations on Thursday.
The Chinese internet and gaming company’s shares jumped 3.06% in pre-market trading following the release.
The company posted adjusted earnings per share of RMB17.51 ($2.41), surpassing the consensus estimate of RMB13.89. Revenue rose 7.4% year-over-year to RMB28.8 billion ($4.0 billion), ahead of analysts’ projections of RMB28.51 billion.
NetEase’s core games and related value-added services segment saw revenue climb 12.1% to RMB24.0 billion ($3.3 billion) compared to the same period last year. The company cited strong performances from titles like Identity V and newly launched games such as Where Winds Meet and Marvel Rivals.
"We entered 2025 with solid momentum, fueled by our ongoing innovation and new titles that strengthen our reach across genres and resonate with players around the world," said CEO William Ding.
Youdao (NYSE:DAO), the company’s intelligent learning unit, reported a 6.7% revenue decline to RMB1.3 billion. However, it achieved record high first-quarter operating profit.
For the second quarter, NetEase declared a dividend of $0.1350 per share, payable on June 10 to shareholders of record as of May 30.
The company appears well-positioned to capitalize on its gaming portfolio and technology investments going forward.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.