Description
Overview of NetEase, Inc Q2FY24 Report
Goals and Objectives of the Research
Research Objective: To perform a comparative analysis of the Q2FY24 quarterly report and those of previous periods.
Research Tasks:
- Gather comprehensive financial and corporate information pertaining to the company for Q2FY24;
- Analyze the collected information;
- Conduct a comparative assessment of the report for the Q2FY24 with reports for previous quarters up to the Q2FY23;
- Formulate conclusions based on the analyzed data.
Disclaimers
The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.
If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labeled accordingly.
The provided public company quarterly reports are unaudited.
Document Markup
- FY - Financial Year;
- Q - Quarter;
- NE - NetEase, Inc;
- ADS - American Depositary Shares;
- QoQ - Quarter-over-Quarter;
- This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
- Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
- NetEase, Inc Q2FY24 Report Period is from April 1 to June 30, 2024.
Short Insights
- Net Revenues were 25,485.805 million RMB, a decrease of 5.09%, compared to 26,851.741 million RMB in Q1FY24;
- Operating Profit of 6,993.323 million RMB, a decrease of 8.25%, compared to 6,062.654 million RMB in the same period of the previous year;
- Total assets of 183,342.621 million RMB, a decrease of 6.01%, compared to 195,064.872 million RMB in Q1FY24, and an increase of 9.19%, compared to 167,905.722 million RMB in the same period of the previous year;
- On July 9, 2024, the company launched the title “Once Human”, a multiplayer open-world survival game set in a post-apocalyptic world.
