NetEase Reports Third Quarter 2019 Unaudited Financial Results
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NetEase (NTES) Tops Q3 EPS
November 20, 2019 6:02 PM ESTNetEase (NASDAQ: NTES) reported Q3 EPS of $5.12, $2.00 better than the analyst estimate of $3.12. Revenue for the quarter came in at $2.05 billion, which does not compare to the consensus estimate of $2.45 billion. With the sale of Kaola, its financial results have been deconsolidated and listed as discontinued operations.
Net revenues[2] were RMB14,635.7 million (US$2,047.6 million), an increase of 11.2% compared to the third quarter of 2018. - Online game services net revenues were RMB11,534.8 million (US$1,613.8 million), an increase of 11.5% compared to the third quarter of 2018. - Youdao net revenues were RMB345.9 million (US$48.4... More