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NetEase Revenue Miss
NetEase’s Profit Falls on Weaker Gaming Revenue
NetEase‘s profit tumbled for a second straight quarter and revenue missed market expectations as the Chinese videogame giant’s main business delivered a soft performance amid a high base last year.Net profit dropped 17% to 6.
NetEase Revenue Miss: Gaming Struggles
NetEase's Q3 earnings disappointed, with challenges in gaming dragging down results despite some growth in other segments.
NetEase Shares Soar on Strong Game Revenue Prospects Despite Earnings Miss
Shares of the Chinese videogame giant were 13% higher by midday Friday, on track for their biggest one-day percentage gain in more than two years. The stock remains about 3.6% lower this year. NetEase's American depositary receipts rose 10% overnight, closing at $84.22.
Bounding Into Comics
3h
‘Marvel Rivals’ Developer NetEase Charges Nine Employees With Bribery And Money Laundering Following Anti-Corruption Investigation
Marvel Rivals' developer NetEase has accused nine of its employees of engaging in bribery and money laundering.
1h
on MSN
Tech, Media & Telecom Roundup: Market Talk
The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, ...
1h
NetEase: Navigating Q3 2024 with Strategic Expansions
Netease ( (NTES) ) has released its Q3 earnings. Here is a breakdown of the information Netease presented to its investors. NetEase, Inc. is a ...
Game Rant
4d
NetEase Fires Execs Accused of Money Laundering
Chinese publisher NetEase Games fires two of its senior executive members who have been accused of money laundering and ...
Shacknews
6d
NetEase dismisses two execs & seven other employees on bribery allegations
NetEase confirmed that police have taken the executives and employees into custody and are investigating money laundering ...
1d
NetEase Q3 Earnings: Top Forecasts As Cloud Music Grows, Gaming Weakens
NetEase reported a 3.9% revenue decline in Q3 2024, beating analyst estimates. Strong performance in gaming and new releases.
Gameranx
4d
Multiple NetEase Employees Arrested & Fired Over Money Laundering Charges
As reported by Eurogamer, NetEase revealed in an internal memo that they have fired nine employees over bribery allegations.
3d
NetEase: Robust IP, Strong R&D, And An Attractive Price
NetEase shows strong net profit growth and competitive advantage in mobile gaming, despite regulatory challenges. Read more ...
1d
NetEase: Q3 Earnings Snapshot
The Hangzhou, China-based company said it had net income of $1.44 per share. Earnings, adjusted for stock option expense, were $1.66 per share. The internet technology company posted revenue of $3.73 ...
3d
on MSN
NetEase employees have allegedly laundered up to $139.3 million in a trading scheme that involves nearly 30 companies
Late last week, Bloomberg and the Chinese outlet Leifeng reported that several NetEase employees have been arrested for money ...
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