Skip to content
Business Editorial

NetEase Q4 Earnings: Revenue Misses Estimates at CNY27.14B, EPS Falls to $1.60 (Est. $1.73) as Gaming Boosts Profits and Cloud Music Returns to Profitability

NetEase Q4 Earnings: Revenue Misses Estimates at CNY27.14B, EPS Falls to $1.60 (Est. $1.73) as Gaming Boosts Profits and Cloud Music Returns to Profitability
Abhishek Sharma
Founder & Editor-in-Chief
Published: Updated: 1 min read
AdvertisementAdvertisement

– NetEase’s Q4 adjusted EPS falls short of estimates at $1.60 (Est. $1.73).

– Q4 Revenue stands at CNY27.14B, missing the estimated CNY28.2B.

– Non-GAAP Net Profit sees a substantial 54% YoY increase, reaching CNY7.4B.

– FY’23 Revenue exceeds expectations at CNY103.5B (Est. CNY96.5B).

Additional Highlights:
– Board approves a Q4 dividend of $1.07985/ADS, up from $0.4950/ADS in Q3.

– Profits surge, driven by strong gaming sales, particularly from titles like “Egg Party” and the “Justice” mobile game.

– Gaming gross profit margin improves to 69.5%.

– Cloud Music returns to profit, recording 734.2 million yuan compared to a 221.5 million yuan loss in 2022.

Other Q4 Metrics:
– Gaming Revenue increases by 9.6% YoY, reaching CNY20.9B.

– Gross Profit Margin for the Gaming Sector stands at 69.5%.

– Net Profit experiences a significant 67% YoY growth, totaling CNY6.6B.

🚀
⚡ Prime
Enjoy an Ad-Free Reading Experience
Plus 100+ screener conditions, historical signal analysis, DIY stock screening, FII/DII data & more.
Join Prime →
Abhishek Sharma
Founder & Editor-in-Chief

Abhishek Sharma

I’m Abhishek Sharma, an Advocate based in Delhi, entrepreneur, investor, and founder of BigBreakingWire. I am an enrolled Advocate with a strong interest in entrepreneurship, media, and technology. I founded BigBreakingWire, a digital news platform covering breaking news, business, financial markets, companies, and important developments in India and around the world. I also have a software company and take an active interest in technology, software, AI, digital products, and new business ideas. As an investor, I’m interested in discovering and investing in promising businesses and startups. I look for good ideas, strong founders, practical business models, and opportunities with long-term potential. I enjoy building businesses, learning about new industries, and connecting with people who are working on interesting ideas and opportunities. Advocate | Entrepreneur | Investor | Founder & Editor-in-Chief, BigBreakingWire

Last reviewed by Abhishek Sharma on August 31, 2026

Disclaimer: BigBreakingWire provides news and informational content for general educational purposes only. The information presented on this website does not constitute financial, investment, tax, or legal advice. Readers should consult qualified professionals before making any financial decisions. BigBreakingWire, its authors, and editors are not responsible for any financial losses or damages arising from the use of information on this site.

Discussion

Share your take — react and comment in seconds, no login needed.

0 comments

Loading discussion…

Be civil — abusive or promotional comments get removed. No login required.

Also in

⚡ Upgrade to Prime
The Market Terminal for Serious Investors
🚫 Ad-Free Experience📊 100+ Screener Conditions🔬 Historical Signals📈 DIY Stock Screening🏦 FII/DII Data
Join BigBreakingWire Prime →