NetEase's Q1 FY2024 net profit is 7.634 billion yuan, an increase of 13.02% year-over-year

K-LinePoet · 2026-02-22T10:13:50+00:00

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

K-LinePoet

2026-02-22 10:13:50

Abstract generation in progress

On May 23, NetEase (Stock Code: NTES) announced its financial report, showing that the company’s net profit attributable to ordinary shareholders for the first quarter of fiscal year 2024 was 7.634 billion yuan, a year-over-year increase of 13.02%; operating revenue was 26.852 billion yuan, a year-over-year increase of 7.21%.

NetEase was established on July 6, 1999, in the Cayman Islands. 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 genres to meet the growing and diverse needs of the global gaming community. Leveraging the company’s user insights and professional execution, it has also incubated and developed a series of innovative and successful businesses, including intelligent learning and other sectors such as music streaming platforms, proprietary brand e-commerce, internet media, and email services. As of December 31, 2019, the company’s email registration users exceeded 1 billion, and NetEase Cloud Music’s registered users exceeded 800 million. In 2019, Youdao’s average monthly active users also surpassed 100 million.

(Source: Tonghuashun (300033) iFinD)

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