(NASDAQ: NTES) is a leading internet technology company in China.
Dedicated to providing online services centered around content,
community, communication and commerce, NetEase develops and operates
some of China’s most popular PC-client and mobile games, advertising
services, e-mail services and e-commerce platforms. In partnership with
Blizzard Entertainment, Mojang AB (a Microsoft subsidiary) and other
global game developers, NetEase also operates some of the most popular
international online games in China.
11/15/17 NetEase Reports Third Quarter 2017 Unaudited Financial Results
Continues Strong Momentum and Robust Growth in the First Quarter 2017
HANGZHOU, China, May 10, 2017 /PRNewswire/ -- NetEase, Inc. (NASDAQ:
NTES) one of China's leading Internet and online game services
providers, today announced its unaudited financial results for the
first quarter ended March 31, 2017.
NetEase led the industry with stunning results in the first quarter
with total net revenues of RMB13.6 billion (US$2.0 billion), an
increase of 72.3% compared with the same period last year. With a
diverse and robust mobile game portfolio that delivers excellent
results, net revenues for online games reached RMB10.7 billion (US$1.6
billion), an increase of 78.5% compared to the same period last year.
Gross profit came in at a solid RMB7.5 billion (US$1.1 billion), an
increase of 63.2% year-over-year.
The Company's latest blockbuster title, Onmyoji garnered over 200
million downloads worldwide and ranked Best Mobile Game 2016, along
with Pokemon Go and Clash Royale in the Games of the Year rankings by
Facebook, Onmyoji. Meanwhile, the international PC version of Onmyoji
in traditional Chinese made its debut on Facebook Gameroom in recent
FBF8 conference. All-time blockbuster mobile game favorites such as
Fantasy Westward Journey, Ghost, and Westward Journey continued their
popularity and ranked among the top 10 highest grossing mobile games in
China's iOS App Store. In addition, Netease Games announced the release
of Minecraft's Chinese closed beta at Beijing's massive water cube. The
Company also released new mobile games including Land of Glory, Mist
World, and Demon Seals, all of which had excellent reception.
NetEase continues to accelerate its international expansion by creating
new immersive and global gameplay experiences. In addition to existing
titles such as Tome of the Sun, Eternal Arena, and Twilight Pioneers on
the Google VR platform, in January, NetEase released Immortal Conquest
- a MMO strategy war game, in which players build and manage their own
cities, expand on over 2 million pieces of land, and align with other
players to conquer the world. In February, NetEase's self-developed PC
game Revelation was released in Europe and the U.S., and is a Chinese
mythical fantasy game with CG-like in-game graphics. In addition, the
latest title Crusaders of Light delivers an authentic PC-quality MMORPG
experience for mobile phones and tablets, within a stunning and open 3D
fantasy world filled with luscious landscapes, treacherous dungeons,
and coveted loot. The game is now in soft launch in limited countries
while the international launch is coming soon over the summer.
SOURCE NetEase Games
CONTACT: Sharon Hu, +86-20-85105420