NetEase Reports Non-GAAP EPS of $0.34 and Revenue of $3.6B
May 26, 2023
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NETEASE ($NASDAQ:NTES): NetEase Inc. is a leading China-based internet technology company that operates a wide range of services including online gaming, music, e-commerce, mobile search, and advertising services. NetEase’s strong performance is attributed to their strategic investments in new businesses such as artificial intelligence and cloud computing, as well as their continued focus on their core services such as gaming and e-commerce.
Earnings
In its earning report of FY2022 Q4 as of December 31 2022, NETEASE reported total revenue of 25354.13M CNY and net income of 3952.74M CNY. This represents a 4.0% increase in total revenue and a 30.6% decrease in net income compared to last year. Looking at the last 3 years, NETEASE has seen an impressive growth of its total revenue from 19761.74M CNY to 25354.13M CNY.
This growth can be attributed to the company’s strong business model and strategic investments. NETEASE also reported Non-GAAP earnings per share of $0.34.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Netease. NetEase_Reports_Non-GAAP_EPS_of_0.34_and_Revenue_of_3.6B”>More…
| Total Revenues | Net Income | Net Margin |
| 96.5k | 20.34k | 19.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Netease. NetEase_Reports_Non-GAAP_EPS_of_0.34_and_Revenue_of_3.6B”>More…
| Operations | Investing | Financing |
| 27.71k | -7.37k | -10.24k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Netease. NetEase_Reports_Non-GAAP_EPS_of_0.34_and_Revenue_of_3.6B”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 172.76k | 63.89k | 148.71 |
Key Ratios Snapshot
Some of the financial key ratios for Netease are shown below. NetEase_Reports_Non-GAAP_EPS_of_0.34_and_Revenue_of_3.6B”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.7% | 12.5% | 20.3% |
| FCF Margin | ROE | ROA |
| 26.0% | 11.7% | 7.1% |
Market Price
On Thursday, NETEASE reported its Non-GAAP earnings per share (EPS) of $0.34 and revenue of $3.6 billion for the quarter, exceeding analysts’ expectations. The stock opened the day at $83.5 and closed at $85.7, representing a growth of 2.7% from the previous closing price. This is a strong sign of investor confidence in the company’s performance and future prospects. NETEASE was able to achieve such success due to its strong focus on technology, innovation and customer satisfaction.
The company has also been successful in introducing new products and services which have been well received by customers. All these factors have contributed to the growth of NETEASE’s stock price in the past quarter. NetEase_Reports_Non-GAAP_EPS_of_0.34_and_Revenue_of_3.6B”>Live Quote…
Analysis
At GoodWhale, we have conducted an analysis of NETEASE’s financials to provide our users with actionable insights. Based on our Risk Rating, we have determined that NETEASE is a low risk investment from both a financial and business standpoint. However, there is one risk warning detected in the balance sheet that our registered users can check out for more detailed insights. With GoodWhale, you can rest assured that you are making informed and educated decisions about your investments. NetEase_Reports_Non-GAAP_EPS_of_0.34_and_Revenue_of_3.6B”>More…
Summary
Investors should note that while NetEase has seen strong growth in recent quarters, the company is still exposed to macroeconomic risks, particularly in the gaming industry. Furthermore, online advertising remains a significant portion of its total revenue, and any changes to the regulatory environment could have a material impact on the company’s bottom line.
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