NetEase (NTES) Tops Q2 EPS by 4c, Beats on Revenues

NetEase (NASDAQ: NTES) reported Q2 EPS of $3.86, $0.04 better than the analyst estimate of $3.82. Revenue for the quarter came in at $1.97 billion versus the consensus estimate of $1.9 billion.

Second Quarter 2017 Financial Highlights:

• Net revenues were RMB13.4 billion (US$2.0 billion), an increase of 49.4% compared with the second quarter of 2016.
  • Online game services net revenues were RMB9.4 billion (US$1.4 billion), an increase of 46.5% compared with the second quarter of 2016.
  • Advertising services net revenues were RMB595.6 million (US$87.9 million), an increase of 12.1% compared with the second quarter of 2016.
  • E-mail, e-commerce and others net revenues were RMB3.4 billion (US$494.2 million), an increase of 68.9% compared with the second quarter of 2016.
• Gross profit was RMB6.7 billion (US$993.7 million), an increase of 27.6% compared with the second quarter of 2016.
• Total operating expenses were RMB3.3 billion (US$491.4 million), an increase of 49.2% compared with the second quarter of 2016.
• Net income attributable to the Company\'s shareholders was RMB3.0 billion (US$438.4 million), an increase of 9.2% compared with the second quarter of 2016. Non-GAAP net income attributable to the Company\'s shareholders was RMB3.5 billion (US$512.2 million), an increase of 7.8% compared with the second quarter of 2016.[1]
• Diluted earnings per ADS were US$3.31; non-GAAP diluted earnings per ADS were US$3.86.

For earnings history and earnings-related data on NetEase (NTES) click here.

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