NetEase (NTES, Financial) shares increased by 5% in pre-market trading, reaching a price of $80. The company's third-quarter net revenue was reported at 26.2 billion yuan, representing a 3.9% decrease compared to the previous year, and slightly below the estimated 26.59 billion yuan.
NetEase's net profit attributable to shareholders under non-GAAP standards was 7.5 billion yuan. The revenue from games and related value-added services rose to 20.9 billion yuan, marking a 4% sequential growth. Specifically, game revenue alone was 20.2 billion yuan, up 5% quarter-over-quarter. Additionally, PC game revenue experienced a significant year-over-year increase of 29% and a quarter-over-quarter rise of 30%.
