NetEase Reveals 2023 Financial Results

NetEase Reveals 2023 Financial Results

Business

06 March 2024 05:33

NetEase, reported its financial results for 2023, showing a surprise increase in its overall performance. The company's total revenue increased to RMB 103.5b ($14.6b) from RMB 96.5b ($13.4b), marking a 7.2% growth from the previous year.

A significant rise in profits was also recorded, increasing by 19.5% to RMB 63.1b ($8.9b) in 2023, up from RMB 52.8b ($7.3b) in the prior year. The revenue from its gaming division grew by 9.4%, reaching RMB 81.6b ($11.5b) compared to RMB 74.6b ($10.3b) in 2022.

NetEase CEO and director William Ding stated "2023 proved to be another landmark year for NetEase Games with continuous cross-category innovations that expand and diversify our robust games portfolio."

Tags: NetEase

Share:

Sources:

Report mistake Submit news

Related news

View All

NetEase to Divest Fantastic Pixel Castle

NetEase is parting ways with its studio, Fantastic Pixel Castle, as the studio’s head, Greg Street, admits that the future...

Business

Oct 15, 2025

T-Minus Zero Entertainment Shut Down

T-Minus Zero Entertainment, the Austin-based game development studio formed under Chinese tech giant NetEase, has officially shut down just two...

Business

Sep 01, 2025

NetEase Executive to Step Down

Simon Zhu, President of Global Investments and Partnerships at NetEase, has officially stepped down from his position after more than...

Business

Apr 28, 2025

NetEase to Unload Foreign Businesses

Chinese gaming giant NetEase is reportedly divesting its overseas holdings, sparking concerns about a broader retreat from international markets. This...

Uncategorized

Feb 24, 2025

Blizzard X NetEase Partnership Revived

Activision Blizzard announced the revival of the old partnership between parties. According to the release the renewed agreement will...

Business

Apr 10, 2024