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NetEase clears $2 billion in revenues as Onmyoji gets off to a strong start in South Korea

NetEase clears $2 billion in revenues as Onmyoji gets off to a strong start in South Korea

NetEase has released its financials for its Q2 FY17 for the three months ending June 30th 2017.

It posted revenues of $2 billion for the quarter, up 49.4% year-on-year. Profits for the quarter rose 9.2% year-on-year to $438.4 million.

Breaking this down further, NetEase Games alone generated 1.4 billion in revenue. This is a 46.5% increase year-on-year.

The company pointed to Onmyoji and the mobile version of New Ghost as the key drivers of revenue for the quarter. Games such as The Westward Journey Mobile, Land of Glory, Tang Dynasty Warriors Mobile, and Demon Seals also saw growth, while Invincible achieved record revenues in the quarter.

World tour

Onmyoji also launched in Korea on August 1st, where it is already a top ten grossing game. Other games launched internationally that saw some success include Crusaders of Light and Immortal Conquest.

As if that wasn't enough games to have launched, NetEase already has plans for another 13 new games. It is also providing major updates to seven of its current games and planning testing for six "highly anticipated" releases.

Aside from its own games, the company will also be looking to increase investment in third-party developers and casual games. One of its recent moves into this field was a partnership with 22Cans to bring The Trail to China.


Deputy Editor

Ric likes to read epic poems and watch classic films to hide the fact he plays way too many games. The facade has thus far not been very effective.

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