Mobile titles account for 76.4% of NetEase’s online game revenues in Q2 2024

• Games and related value-added services contributed RMB20.1 billion ($2.8 billion)
• Gross profit for Q2 2024 is RMB16.0 billion ($2.2 billion)

NetEase's net revenues reached $3.5 billion (RMB25.5 billion), a 6.1% increase from the same quarter in 2023. 

According to the company's second quarter 2024 financials, games and related value-added services contributed $2.8 billion (RMB20.1 billion), up 6.7% from the previous year.

Online games generated 96.1% of the segment's net revenues, up from 95.2% in the previous quarter and 91.7% in Q2 2023. 

Mobile games contributed 76.4% of online game revenues, slightly down from 78.6% in the previous quarter but up from 73.6% in Q2 2023.

Gross profit for Q2 2024 is $2.2 billion (RMB16.0 billion), down from RMB17.0 billion in the previous quarter but up from RMB14.4 billion in the same quarter of 2023.

Prioritising innovation 

“The robust R&D and operating capabilities we've built over the past two decades have shaped our formidable games portfolio of time-honoured titles and newer innovative hits that redefine genres and diversify our offerings," said NetEase CEO William Ding.

“With a growing portfolio of games that feature higher quality and cover more genres, we are thrilled to bring exciting NetEase gaming experiences to more players around the globe. As we expand our reach to players in China and worldwide, innovation remains our priority."

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