NetEase Reports Second Quarter 2017 Financial Results
NetEase Reports Second Quarter 2017 Financial Results
  • By Lim Chang-hyun, Beijing Correspondent (info@ko
  • 승인 2017.08.11 14:54
  • 댓글 0
이 기사를 공유합니다

BEIJING, Aug. 11, 2017 /PRNewswire/Korea IT Times -- NetEase Inc., (NetEase or the Company) reported second quarter 2017 financial results. Net revenues were US$2.0 billion, up 49.4% year-over-year and net income was US$438.4 million, up 9.2% year-over-year. NetEase Games posted strong top line growth, generating US$1.4 billion in revenue, up 46.5% year-over-year.

Onmyoji and New Ghost mobile were the main drivers behind the year-over-year growth in quarterly revenues. Additionally, mobile games such as Westward Journey Mobile, Land of Glory, Heroes of Tang Dynasty mobile, Demon Seals, and Tianxia mobile continued to gain traction with new content and expansion packs. In addition, NetEase's flagship PC game Fantasy Westward Journey Online and mobile game Invincible maintained their strong position and achieved record revenues in the second quarter.

During Netease's annual game press conference in May of this year, plans for upgrading seven major games and testing for six highly anticipated games were announced. The Company also showcased previews of 13 new mobile games, announced an exclusive licensing agreement and rolled out the first NetEase Games membership platform.

On August 8, 2017, the Company began open beta testing of Minecraft, its exclusive license game and one of the most popular games in the world. NetEase Games has adopted player-friendly free testing and made several localized upgrades in key areas such as social interaction and group play.

Ethan Wang, Vice President of NetEase commented that the Company maintains an opportunistic approach to acquisitions and investment in foreign studios in order to further diversify its overseas revenues. NetEase Games will continue to apply the same high quality and localized game standards to international markets.

Onmyoji, a successful overseas game was rated by Facebook as the best mobile game in 2016. The game made its debut in Korea on August 1, 2017 and ranked among the top selling games in the country. Other NetEase games such as Crusaders of Light, Immortal Conquest and Twilight Pioneers were also rolled out to players around the world.

The Company plans to increase its investment in third party and casual games to continue to cater to evolving user demands. Leveraging on its strong R&D capabilities, NetEase Games will continue to be a leading player in the online game industry in China and across the world.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • ABOUT
  • CONTACT US
  • SIGN UP MEMBERSHIP
  • RSS
  • 2-D 678, National Assembly-daero, 36-gil, Yeongdeungpo-gu, Seoul, Korea (Postal code: 07257)
  • URL: www.koreaittimes.com | Editorial Div: 82-2-578- 0434 / 82-10-2442-9446 | North America Dept: 070-7008-0005 | Email: info@koreaittimes.com
  • Publisher and Editor in Chief: Monica Younsoo Chung | Chief Editorial Writer: Hyoung Joong Kim | Editor: Yeon Jin Jung
  • Juvenile Protection Manager: Choul Woong Yeon
  • Masthead: Korea IT Times. Copyright(C) Korea IT Times, All rights reserved.
ND소프트