NetEase's net profit for Q1 of fiscal year 2024 was 7.634 billion yuan, an increase of 13.02% year-over-year.

K-LinePoet · 2026-03-29T13:54:06+00:00

NetEase announced its Q1 FY2024 financial report, with a net profit of 7.634 billion yuan, a year-over-year increase of 13.02%; operating revenue of 26.852 billion yuan, a year-over-year increase of 7.21%. The company continues to meet the needs of global players through multiple mobile games and innovative businesses.

K-LinePoet

2026-03-29 13:54:06

Abstract generation in progress

On May 23, NetEase (stock code: NTES) announced its financial report, which shows that the net profit attributable to common shareholders for the first quarter of fiscal year 2024 was 7.634 billion yuan, a year-on-year increase of 13.02%; operating revenue was 26.852 billion yuan, a year-on-year increase of 7.21%.

NetEase was registered in the Cayman Islands on July 6, 1999. The company has a successful online gaming business, developing and operating numerous popular games. Currently, the company offers over 140 mobile and PC games, covering a wide range of game genres to meet the growing and diverse needs of the global player community. Leveraging the company’s user insights and professional execution capabilities, the company has also internally incubated and developed a series of innovative and successful businesses, including smart learning and other ventures (such as music streaming platforms, proprietary brand e-commerce, internet media, email services, etc.). As of December 31, 2019, the total number of registered email users for the company exceeded 1 billion, and the total number of registered users for NetEase Cloud Music exceeded 800 million. In 2019, the average monthly active user count for Youdao also surpassed 100 million.

(Data source: Tonghuashun (300033) iFinD)

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