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NetEase Inc (NTES.OQ)

NTES.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

NetEase reports Q3 GAAP diluted earnings per ADS $2.86
Wednesday, 15 Nov 2017 06:00pm EST 

Nov 15 (Reuters) - Netease Inc :NETEASE REPORTS THIRD QUARTER 2017 UNAUDITED FINANCIAL RESULTS.Q3 REVENUE RMB 12.5 BILLION VERSUS I/B/E/S VIEW RMB 12.56 BILLION.QTRLY ‍DILUTED EARNINGS PER ADS US $2.86​.QTRLY ‍NON-GAAP DILUTED EARNINGS PER ADS US $3.43​.‍BOARD OF DIRECTORS HAS APPROVED A DIVIDEND OF US $0.72 PER ADS FOR Q3 OF 2017​.‍BOARD OF DIRECTORS HAS APPROVED A NEW SHARE REPURCHASE PROGRAM OF UP TO US $1.0 BILLION OF COMPANY'S OUTSTANDING ADS'S​.‍NETEASE PLANS TO FUND REPURCHASES MADE UNDER PROGRAM FROM AVAILABLE WORKING CAPITAL​.SAYS QTRLY ‍ GROSS PROFIT WAS RMB 5.9 BILLION (US $893.9 MILLION), AN INCREASE OF 11.5 PERCENT COMPARED WITH Q3 OF 2016​.SAYS QTRLY ‍NET REVENUES FROM ONLINE GAMES WERE RMB 8,111.7 MILLION (US $1,219.2 MILLION) FOR Q3 OF 2017, COMPARED TO RMB 6,568.0 MILLION FOR Q3 OF 2016​.  Full Article

Netease Q2 revenue up 49.4 percent to $2.0 bln
Thursday, 10 Aug 2017 11:25pm EDT 

Aug 10 (Reuters) - Netease Inc :Netease reports second quarter 2017 financial results.Q2 revenue rose 49.4 percent to $2.0 billion.Netease games generated quaterly US$1.4 billion in revenue, up 46.5 percent year-over-year.  Full Article

NetEase reports Q2 earnigs per ADS $4.36
Wednesday, 9 Aug 2017 08:27pm EDT 

Aug 9 (Reuters) - NetEase Inc -:NetEase reports second quarter 2017 unaudited financial results.Q2 revenue rmb 13.4 billion versus I/B/E/S view rmb 12.82 billion.Qtrly earnigs per ads us$4.36.Total revenues for the second quarter is $1.97 billion versus $1.35 billion.Revenues from online games were rmb 9,430.2 million (us$1,391.0 million) for the second quarter of 2017 versus rmb6,438.3 million (us$968.8 million).  Full Article

NetEase appoints new chief financial officer
Monday, 26 Jun 2017 07:00am EDT 

June 26 (Reuters) - NetEase Inc ::NetEase Inc appoints new chief financial officer.NetEase - Yang will replace onward choi.NetEase - choi will continue to serve Netease as a consultant over coming year.  Full Article

Tiger Global Management ups share stake in Facebook, Netease
Monday, 15 May 2017 02:47pm EDT 

May 15 (Reuters) - Tiger Global Management LLC: :Tiger Global Management ups share stake in Facebook to 705,196 class A shares from 366,800 class A shares.Tiger Global Management LLC ups share stake in Netease ADRs by 44.8 percent to 277,923 shares.Tiger Global Management LLC takes share stake of 4.9 million shares in Teladoc Inc.Tiger Global Management LLC takes share stake of 44,502 shares in Farmland Partners Inc.Tiger Global Management dissolves share stake in Vipshop Holdings Ltd.Tiger Global Management LLC cuts share stake in Mercadolibre Inc by 48.6 percent to 280,470 shares.Change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec. 31, 2016.  Full Article

NetEase says Q1 revenue RMB 13.6 bln
Thursday, 11 May 2017 04:49am EDT 

May 11 (Reuters) - NetEase Inc :NetEase continues strong momentum and robust growth in the first quarter 2017.Q1 revenue RMB 13.6 billion versus I/B/E/S view RMB 11.86 billion.Qtrly net revenues for online games reached RMB10.7 billion net revenues for online games reached RMB10.7 billion an increase of 78.5%.Qtrly gross profit came in at a solid RMB7.5 billion (US$1.1 billion), an increase of 63.2% year-over-year.  Full Article

NetEase Q1 non-GAAP diluted earnings per ADS $4.75
Wednesday, 10 May 2017 07:00pm EDT 

May 10 (Reuters) - Netease Inc :Netease reports first quarter 2017 unaudited financial results.Q1 revenue RMB 13.64 billion versus i/b/e/s view RMB 11.86 billion.Qtrly online game services net revenues were RMB10.7 billion (us$1.6 billion), an increase of 78.5% compared with Q1 of 2016.Q1 net revenues were RMB13.6 billion ($2.0 billion), an increase of 72.3% compared with Q1 of 2016.Qtrly diluted earnings per ADS were $4.29.Q1 non-GAAP diluted earnings per ADS $4.75.Board of directors has approved a dividend of $1.08 per ADS for Q1 of 2017.Onward Choi has resigned from his position as acting chief financial officer effective June 30, 2017.  Full Article

Netease's grows online games revenues by 62 pct in 2016
Thursday, 16 Feb 2017 07:08am EST 

NetEase Inc : NetEase grew online games revenues by 62 percent in 2016 to RMB28 billion .NetEase Inc - Gross profit for 2016 was RMB21.7 billion (US$3.1 billion), up 61.6 percent from previous year.  Full Article

Netease announces confidential submission of draft registration statement by Netease media
Monday, 3 Oct 2016 06:00pm EDT 

Netease Inc : Netease Inc says announces confidential submission of draft registration statement by Netease media . Number of shares proposed to be offered and sold and dollar amount proposed to be raised in proposed IPO have not yet been determined .Netease Inc says proposed IPO is expected to commence after SEC completes its review process, subject to market and other conditions.  Full Article

Blizzard Entertainment and NetEase renew operation agreement in China
Tuesday, 27 Sep 2016 01:29am EDT 

NetEase, Inc: Blizzard Entertainment and NetEase renew operation agreement in china . Agreement includes Blizzard's world of Warcraft, Starcraft II, Diablo III, Hearthstone, Heroes of Storm, Overwatch, new content for these games .Blizzard entertainment, inc. And co jointly announced extension of their collaboration in mainland china to january 2020.  Full Article

BRIEF-NetEase reports Q3 GAAP diluted earnings per ADS $2.86

* NETEASE REPORTS THIRD QUARTER 2017 UNAUDITED FINANCIAL RESULTS