NetEase (NTES) Tops Q3 EPS by 66c, Beats on Revenues

NetEase (NASDAQ: NTES) reported Q3 EPS of $3.43, $0.66 better than the analyst estimate of $2.77. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.89 billion.

Third Quarter 2017 Financial Highlights

• Net revenues were RMB12.5 billion (US$1.9 billion), an increase of 35.5% compared with the third quarter of 2016.
  • Online game services net revenues were RMB8.1 billion (US$1.2 billion), an increase of 23.5% compared with the third quarter of 2016.
  • Advertising services net revenues were RMB631.4 million (US$94.9 million), an increase of 12.1% compared with the third quarter of 2016.
  • E-mail, e-commerce and others net revenues were RMB3.7 billion (US$561.3 million), an increase of 79.5% compared with the third quarter of 2016.
• Gross profit was RMB5.9 billion (US$893.9 million), an increase of 11.5% compared with the third quarter of 2016.
• Total operating expenses were RMB3.4 billion (US$510.7 million), an increase of 36.6% compared with the third quarter of 2016.
• Net income attributable to the Company\'s shareholders was RMB2.5 billion (US$379.9 million). Non-GAAP net income attributable to the Company\'s shareholders was RMB3.0 billion (US$454.6 million). [1]
• Diluted earnings per ADS were US$2.86; non-GAAP diluted earnings per ADS were US$3.43.

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

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