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Recap: NetEase Q3 Earnings

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Benzinga Insights
·1 min read
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Shares of NetEase (NASDAQ:NTES) moved higher by 3.4% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 84.45% year over year to $0.79, which beat the estimate of $0.39.

Revenue of $2,748,000,000 rose by 34.18% from the same period last year, which missed the estimate of $2,770,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

NetEase hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Nov 19, 2020

View more earnings on NTES

Time: 07:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/tj9sx9oq

Recent Stock Performance

52-week high: $2588.25

Company's 52-week low was at $82.93

Price action over last quarter: down 4.20%

Company Overview

NetEase, which started on an Internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, cloud music, media, advertising, email, and e-commerce. The company develops and operates some of the China's most popular PC client and mobile games, and it partners with global leading game developers, such as Blizzard Entertainment and Mojang (a Microsoft subsidiary).

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