NetEase (NTES) Reports Q1 EPS of $1.23

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Go back to NetEase (NTES) Reports Q1 EPS of $1.23

NetEase Reports First Quarter 2022 Unaudited Financial Results

May 24, 2022 4:30 AM EDT

HANGZHOU, China, May 24, 2022 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced its unaudited financial results for the first quarter ended March 31, 2022.

First Quarter 2022 Financial Highlights

Net revenues were RMB23.6 billion (US$3.7 billion), an increase of 14.8% compared with the first quarter of 2021.

- Online game services net revenues were RMB17.3 billion (US$2.7 billion), an increase of 15.3% compared with the first quarter of 2021.

- Youdao net... More