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NetEase hits $1.38 billion in sales as Fantasy Westward Journey continues to deliver

NetEase hits $1.38 billion in sales as Fantasy Westward Journey continues to deliver

NetEase (NASDAQ: NTES) has posted its financials for its Q3 FY16 for the three months ending September 30th 2016.

It shows overall revenues of $1.38 billion, an increase of 38.1% year-on-year. It also saw profits increase 38.5% year-on-year to $799.8 million.

NetEase's online games services, which includes its mobile games, saw revenues of $984.9 million, up 26% year-on-year.

Plenty to play

NetEase attributed its success to its mobile portfolio with over 100 titles launched. Particular hits included new releases Onmyoji and New Ghost, as well as the continued success of Fantasy Westward Journey and Westward Journey Online.

Looking ahead, NetEase published Nexon's Heroes of Incredible Tales in China just after the quarter ended. It also has many more games to come, including Heroes of Tang Dynasty Mobile, Demon Seals Mobile and Land of Glory.

"We believe that there remain significant growth opportunities for NetEase," said William Ding, CEO and Director of NetEase.

"With an eye toward innovation, we build this value across our businesses not only for our players, but for all of our customers, partners and investors."


Former Editor

Ric was formerly the Editor of Pocket Gamer and the Deputy Editor of PocketGamer.biz. He still pops up time to time to review games.

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