On June 30th, 2023, NETEASE ($NASDAQ:NTES) reported their earnings for Q2 of FY2023, with total revenue amounting to CNY 24.0 billion – a 3.7% increase from the same period of the prior year. Net income for the period was CNY 8.2 billion, representing a 55.8% increase compared to the same quarter of the previous year.
On Thursday, NETEASE reported positive earnings results for the second quarter of its fiscal year 2023. The stock opened at $98.2 and closed at $98.6, a slight 3.9% decrease from its prior closing price of 102.6. In a statement, NETEASE’s Chief Financial Officer, Wu Gang, said that the company had achieved “solid performance” in the quarter due to strong investments in new products, technologies and marketing campaigns. He added that he was optimistic about the company’s future prospects and that he expects the company to continue to show strong growth in the coming quarters.
The positive earnings report marks another success story for NETEASE, which has seen steady growth in revenue and profits over the past few years despite rising competition in the online gaming market. Investors will be keeping a close eye on the company’s progress in the coming months as it continues to invest in new products and technologies. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Netease. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
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Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Netease. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Netease are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
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At GoodWhale, we recently conducted an analysis of NETEASE‘s fundamentals and are excited to share the results. Risk Rating, our proprietary risk assessment tool, has rated NETEASE as a low risk investment in terms of financial and business aspects. However, there is one warning risk we detected in NETEASE’s balance sheet that we would like to point out. Register with us to learn more about this risk warning and how it may affect your investment decision. More…
Risk Rating Analysis
Star Chart Analysis
Investors responded negatively to NETEASE‘s Q2 Fiscal Year 2023 earnings report, with stock price dropping on the same day it was released. The reported total revenue for the quarter was CNY 24.0 billion, a 3.7% increase from the previous year. Net income also rose 55.8% to CNY 8.2 billion.
Despite the positive results, investors seemed unconvinced, indicating potential worries over future performance. Analysts suggest that investors should look beyond this quarter’s numbers and consider long-term potential before making their final decision.