Marbridge Daily

<- May 17, 2012 ->

Netease Q1 2012 Profit Up 28% YoY

PR Newswire Asia, 5/17/12

Chinese internet company Netease (Nasdaq: NTES) today announced its unaudited financial results for the first quarter ended March 31, 2012. Total revenues for Q1 2012 were RMB 2.00 bln compared to RMB 1.54 bln for Q1 2011, an increase of 30.3% YoY.

Net income attributable to shareholders of the company for Q1 2012 rose 27.7% YoY and 4.8% QoQ to reach RMB 941.68 mln.

Revenues from online games were RMB 1.82 bln (USD 289.17 mln) for Q1 2012 up 31.4% YoY, compared to RMB 1.83 bln and RMB 1.39 bln for Q4 2011 and Q1 2011, respectively.

Revenues from advertising services were RMB 143.45 mln (USD 22.78 mln) for Q1 2012, up 13.1% YoY compared to RMB 278.5 mln and RMB 126.8 mln for Q4 2011 and Q1 2011, respectively.

Revenues from e-mail, wireless value-added services and others ("E-mail, WVAS and others") were RMB 39.6 mln (USD 6.3 mln) for Q1 2012, compared to RMB 37.2 mln and RMB 25.7 mln Q4 2011 and Q1 2011, respectively.

To view Netease's full earnings report, please click here.

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