Netease Q3 strengthened by multiple mobile game releases in China

Online games revenue reached $2 billion, up 20% year-over-year

NetEase saw another quarter of growth driven in no small part to its games business, per its Q3 financial results.

The company posted revenues of RMB 18.7 billion ($2.7 billion), up 26% year-over-year, and new income of RMB 3 billion ($442 million) for the quarter.

Of that, online game services net revenue made up RMB 13.9 billion ($2 billion) of the total and was up 20% year-over-year.

Mobile games accounted for 73% of net revenues from all online games, up slightly from the prior quarter and year-over-year.

Games revenue for the quarter was largely driven by new titles added to the Chinese market, including Onmyoji: Yokai Koya, PES Club Manager, King of Hunters and For All Time, as well as new overseas releases EVE Echoes and Marvel Duel.

More stories

Steady beat of new mobile titles brings Q2 growth for NetEase

World of Warcraft in China also saw record concurrent users during the first half of the year

By Rebekah Valentine

NetEase to open secondary listing on Hong Kong stock exchange

Update: New listing approved, Chinese publisher reportedly hopes to raise $3 billion

By Haydn Taylor

Latest comments

Sign in to contribute

Need an account? Register now.