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NetEase posts 63% revenue surge in Q2 to $780 million

NetEase posts 63% revenue surge in Q2 to $780 million

NetEase (NASDAQ: NTES) released its Q2 financial report for the three months ending June 30th, 2015).

Revenue stood at 4.833 billion yuan ($0.78 billion), up 63.7% from 2.952 billion yuan in the same period last year, while net profit rose by 18.5% to 1.424 billion yuan ($0.23 billion).

Both Q2 revenue and profit set new records compared to Q1 revenue ($0.621 billion) and profit ($0.204 billion).

Millions of players

NetEase's online games enjoyed rapid growth in Q2.

In the first half year, NetEase has launched key games such as Fantasy Westward Journey and Tom & Jerry. For the second, the firm will introduce new games for the iPhone, iPad, iPod touch and Android including KungFu Panda and Chrono Blade.

In particular, Fantasy Westward Journey on iOS and Android has reached 30 million active users by August 2015, and ranked as one of App Annie's Top 10 best selling apps in the world for three months.

Self-developed franchise Tom & Jerry has gained more than 10 million users since beta on June 1st in China, and reached top 1 chart position in the App Store free games list.

Fantasy Westward Journey on iOS and Android has reached 30 million active users.

Licensed online games from Blizzard Entertainment - Diablo III, Hearthstone: Heroes of Warcraft and Heroes of the Storm - also made a great contribution to Q2 revenue growth.

In the competitive gaming market, NetEase's performance continues to stands out.

Special praise

Some noteworthy aspects in the NetEase's Q2 2015 earnings report include promises of great growth potential, as indicated by the continued growth of its brand and successful expansion into mobile.

Secondly, the gaming giant strikes a balance between quantity and quality. In the next year, more than 30 mobile games will be brought to China and the company will continue to explore international markets for further growth potential.

NetEase Games was established in 2001 and has been consistently ranked in the leading position for online games independent research and development in China. NetEase had over 10,000 employees, with offices in Beijing, Shanghai, Hangzhou, Guangzhou, San Francisco (USA) and Seoul (Korea).

NetEase gaming revenue in 2014 reached 9.815 billion yuan ($ 1.582 billion), taking up 78.6% of NetEase revenue. The year-on-year growth of 35.7% outmatched many other firms in the industry.

For more information, please visit: http://ir.netease.com


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