Edition:
United States

NetEase Inc (NTES.OQ)

NTES.OQ on NASDAQ Stock Exchange Global Select Market

208.21USD
4:00pm EDT
Change (% chg)

$-7.58 (-3.51%)
Prev Close
$215.79
Open
$213.40
Day's High
$214.99
Day's Low
$205.98
Volume
776,458
Avg. Vol
417,019
52-wk High
$377.39
52-wk Low
$205.98

Latest Key Developments (Source: Significant Developments)

Cross-Licensing Agreement Signed Between NetEase Cloud Music And AliMusic
Tuesday, 13 Mar 2018 09:00am EDT 

March 13 (Reuters) - Alibaba Group Holding Ltd ::NETEASE CLOUD MUSIC SAYS CO, ALIMUSIC JOINTLY ENTERED INTO A CROSS-LICENSING AGREEMENT WITH RESPECT TO MUSIC COPYRIGHTS​.NETEASE CLOUD MUSIC - TO SUBLICENSE PREMIER MUSIC COPYRIGHTS OWNED BY EE-MEDIA, AVEX, FORWARD MUSIC, HIM INTERNATIONAL MUSIC, AND OTHERS TO ALIMUSIC​.NETEASE CLOUD MUSIC - ALIMUSIC TO SUBLICENSE PREMIER MUSIC COPYRIGHTS OWNED BY ROCK RECORDS CO., SM ENTERTAINMENT, BMG, OTHERS TO CO.  Full Article

NetEase Inc Posts Qtrly Diluted Earnings Per ADS Were $1.49
Wednesday, 7 Feb 2018 06:00pm EST 

Feb 7 (Reuters) - NetEase Inc ::NETEASE REPORTS FOURTH QUARTER AND FISCAL YEAR 2017 UNAUDITED FINANCIAL RESULTS.Q4 REVENUE ROSE 20.7 PERCENT TO RMB 14.6 BILLION.QTRLY DILUTED EARNINGS PER ADS WERE US$1.49; QTRLY NON-GAAP DILUTED EARNINGS PER ADS WERE US$2.18.QTRLY ‍ONLINE GAME SERVICES NET REVENUES WERE RMB8.0 BILLION (US$1.2 BILLION), A DECREASE OF 10.7% COMPARED WITH Q4 OF 2016​.QTRLY GROSS PROFIT WAS RMB5.7 BILLION (US$882.9 MILLION), A DECREASE OF 11.1% COMPARED WITH Q4 OF 2016.‍BOARD OF DIRECTORS HAS APPROVED A DIVIDEND OF US$0.38 PER ADS FOR Q4 OF 2017​.  Full Article

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

BRIEF-NetEase Qtrly Non-GAAP Diluted Earnings Per ADS $1.61

* NETEASE REPORTS FIRST QUARTER 2018 UNAUDITED FINANCIAL RESULTS