NetEase: Q4 Net Income Boosted, EPS Up
NetEase posted mixed results for Q4 2024, with robust gaming performance offset by mediocre revenue performance.
Chinese internet technology and gaming specialist NetEase (NASDAQ:NTES) reported mixed forth quarter 2024 earnings on Thursday, Feb. 20. Q4 revenue of $3.66 billion came in just short of analysts' consensus estimates of $3.72 billion and was also down 1.4% year over year. Adjusted earnings per share outperformed, reaching $2.07 compared to the estimated $1.73 per American depositary share (ADS). This was also reflected in a noticeable rise in net income to $1.3 billion, marking a 44.4% increase from the prior year.
Overall, the quarter highlighted NetEase's strong gaming prowess, although profitability faced pressure.
Source: NetEase. * EPS figures are on a "per American depositary share" (ADS) basis. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
