Online Gaming Drives NetEase’s Q3 Growth

Chinese internet company NetEase has cited online gaming operations in the country as the driving force behind its year-on-year profit growth during the third quarter of 2013.

The firm posted profit of CNY1.1 billion (€126.5 million/$172 million) for the latest quarter through to the end of September, a 29% increase on the CNY811.9 million recorded in the corresponding period last year.

Revenue from online gaming proved to be the biggest contributor to the firm’s positive results, having grown 21% in the latest quarter. Advertising revenue also increased by 23%.

Pre-tax revenue for the quarter also increased by 23% to CNY2.5 billion, while operating expenses grew by 18% to CNY635.2 million.

bitcoin
Bitcoin (BTC) $ 94,714.38 0.76%
ethereum
Ethereum (ETH) $ 1,796.40 0.19%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.30 1.77%
bnb
BNB (BNB) $ 605.57 0.17%
solana
Solana (SOL) $ 147.73 0.52%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.178271 0.98%
cardano
Cardano (ADA) $ 0.702184 1.27%
tron
TRON (TRX) $ 0.247962 0.79%
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)