NETEASE Reports CNY 27.3 Billion in Revenue and CNY 7.8 Billion in Net Income for Q3 FY2023
November 29, 2023
🌥️Earnings Overview
For the 3rd quarter of FY2023 ending on September 30 2023, NETEASE ($NASDAQ:NTES) reported a total revenue of CNY 27.3 billion and a net income of CNY 7.8 billion, both showing increases from the same period in FY2022; total revenue increased by 11.6% and net income rose by 17.0%.
Market Price
Despite this news, NETEASE stock opened at $111.2 and closed at $112.4, down by 2.4% from previous closing price of 115.1. All in all, NETEASE reported very positive numbers for Q3 FY2023, yet their stock saw a slight decrease on Thursday. However, analysts believe that NETEASE will continue to experience positive growth in the coming quarters due to their strong user base and mobile gaming segment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Netease. More…
| Total Revenues | Net Income | Net Margin |
| 101.68k | 26.79k | 25.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Netease. More…
| Operations | Investing | Financing |
| 32.53k | -2.45k | -32.79k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Netease. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 171.58k | 47.63k | 186.03 |
Key Ratios Snapshot
Some of the financial key ratios for Netease are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.4% | 20.3% | 24.9% |
| FCF Margin | ROE | ROA |
| 27.9% | 13.5% | 9.2% |
Analysis
At GoodWhale, we conducted an analysis of NETEASE‘s wellbeing. The results of our Star Chart show that NETEASE is strong in asset, dividend, growth, and profitability. We have classified NETEASE as a ‘gorilla’ – a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given its financial performance, NETEASE would be an attractive investment for investors looking for steady returns. Moreover, NETEASE has a high health score of 10/10 with regard to its cashflows and debt, which demonstrates its ability to sustain future operations in times of crisis. More…
Summary
NetEase has had a strong third quarter in FY2023, with total revenue increasing by 11.6% to CNY 27.3 billion and net income increasing by 17.0% to CNY 7.8 billion. This impressive performance indicates that NetEase’s business fundamentals remain strong and investors should remain bullish on the stock, particularly as the company looks to capitalize on new product launches and technological developments. With further growth expected in the coming quarters, NetEase appears well-positioned to continue to deliver strong returns for investors.
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