Netease Q2 Profits up 40% YoY

Netease Press Release, 8/14/08

Chinese online game and Internet services provider Netease (Nasdaq: NTES) has announced its unaudited financial results for Q2 2008, with net revenues reaching RMB 715.9 mln (USD 104.4 mln), up 28.3% year-on-year and 9.8% quarter-on-quarter.

Net income for the quarter came to RMB 438.2 mln (USD 63.9 mln), up 40.2% YoY and 62.7% QoQ.

Quarterly revenues from online games were RMB 595.0 mln (USD 86.8 mln), up 25.2% YoY and 7.0% QoQ. Revenues from advertising services were RMB 103.9 mln (USD 15.2 mln), up 60% YoY and 36% QoQ. Revenues from wireless value-added services and others were RMB 16.9 mln (USD 2.5 mln), down 3.42% YoY, and 10.58% QoQ.

To see Netease';s full report, please click here.

Keywords: fiscal report profit revenue online advertising Internet Netease NTES Q2 2008 online gaming WVAS

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