🔹 Revenue: ¥26.7B (Est. ¥27.178B) 🔴; DOWN -1.4% YoY
🔹 Gross Profit: ¥16.3B (Est. ¥16.605B) 🔴; DOWN -3.3% YoY
Segment Breakdown (Q4 2024):
🔹 Games & Related Value-Added Services: ¥21.2B (Est. ¥20.414B) 🟢; UP +1.5% YoY
🔹 Youdao: ¥1.3B (Est. ¥1.574B) 🔴; DOWN -9.5% YoY
🔹 NetEase Cloud Music: ¥1.9B (Est. ¥2.077B) 🔴; DOWN -5.3% YoY
🔹 Innovative Businesses & Others: ¥2.3B (Est. ¥2.532B) 🔴; DOWN -17.0% YoY
Key Metrics:
🔹 Gross Margin: 61.0% (Est. 61.52%) 🔴
🔹 Operating Expenses: ¥8.5B (Est. ¥9.143B) 🟢; DOWN -15.1% YoY
🔹 Non-GAAP Net Income: ¥9.7B (Est. ¥8.152B) 🟢
🔹 Net Cash: ¥131.5B
Strategic & Shareholder Updates:
🔸 Quarterly Dividend: ¥0.24405/share (¥1.22025/ADS), payable March 2025
🔸 Share Repurchase Program: ~¥1.9B spent, part of ¥5B plan
Operational Highlights:
🔸 Marvel Rivals surpassed 40M registered users, leading Steam charts
🔸 Where Winds Meet hit 15M players across PC and mobile
🔸 Justice topped iOS download and grossing charts in select regions
🔸 Blizzard titles (World of Warcraft, Hearthstone, Overwatch 2) saw strong engagement post relaunch
🔸 Youdao posted its first annual operating profit
CEO William Ding's Commentary:
🔸 "We boldly pushed the boundaries of innovation in 2024, delivering groundbreaking gaming experiences that captivated players worldwide. Our expanding game portfolio and strategic partnerships continue to shape the future of gaming."