Racing Master

NetEase Announces Third Quarter 2024 Unaudited Financial Results

NetEase recorded net revenues of RMB 26.2 billion for the third quarter of 2024, representing a 3.9% year-over-year decline.

• NetEase reported Q3 2024 net revenues of RMB 26.2 billion, a 3.9% year-over-year decline, driven largely by a 4.2% drop in gaming and related services revenue to RMB 20.9 billion.
• Despite revenue contraction, the company maintained strong profitability with a Q3 2024 net income of RMB 6.54 billion and a non-GAAP net income of RMB 7.50 billion.
• Non-GAAP net income per diluted ADS increased to $13.30 in Q3 2024, up from $12.05 in the same period last year.