Summary by Moomoo AI
NetEase Corporation (stock code: 9999) announced its unaudited financial performance for the second quarter ended June 30, 2024 on August 22, 2024. The net revenue for the quarter was RMB 25.5 billion, a year-on-year increase of 6.1%. The net revenue from games and related value-added services was RMB 20.1 billion, a year-on-year increase of 6.7%. The net revenue from Youdao was RMB 1.3 billion, a year-on-year increase of 9.5%. The net revenue from cloud music was RMB 2 billion, a year-on-year increase of 4.7%. The net revenue from innovation and other businesses was RMB 2.1 billion, which was the same as the previous year. The gross profit was RMB 16 billion, a year-on-year increase of 11.6%. The total operating expenses were RMB 9 billion, a year...Show More