NetEase Inc · NASDAQ:NTES
NetEase — Q4 2024 Earnings Presentation
14 slides from NetEase's earnings presentation, Feb 20, 2025
Slide 1: 4Q24 Investor Presentation
NetEase 4Q24 Investor Presentation Investor Relations February 20, 2024
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This announcement contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expect
Slide 3: NetEase, Inc.
NetEase, Inc. NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, “NetEase”) is a leading internet and game services provider centered around premium content. With extensive offerings across its expanding gaming ecosystem, the Company develops and operates some of the most popular and longest running mobile
Slide 4: Market Snapshot
MARKET SNAPSHOT In USD $67.2 3.2 $3.7 $1.89 billion billion billion Market Cap 1 Shares Outstanding, Basic Net Income per ADS Net Revenues (2/19/25) Diluted (4Q24) (GAAP) (4Q24) (4Q24) $1.2 $18.0 billion billion AA Net income attributable to the Net cash 2 MSCI ESG Rating 3 Company's shareholders (G
Slide 5: Games and Related Value-Added Services
GAMES AND RELATED VALUE-ADDED SERVICES USD million1 Games and Related Value-added Services Net Revenues and Gross Margin Gross Margin Online Games Related VAS 4,000 100.0% 69.5% 68.8% 66.7% 3,500 90.0% 80.0% 2,910 3,000 2,866 2,858 Online Games Related 70.0% VAS 2,500 97% (4Q24) 60.0% ~ 35%: PC & co
Slide 6: Online Games
ONLINE GAMES PC & CONSOLE GAMES MOBILE GAMES Flagship Self-Developed PC & Console Titles Self-Developed Mobile Games Mobile Games in Overseas Markets Licensed Mobile Games From Overseas Developers • Introduced more new blockbuster games around the globe, reinforcing NetEase’s leadership across diver
Slide 7: Youdao
YOUDAO USD million1 Youdao Net Revenues and Gross Margin Gross Margin Net Revenues 49.9% 50.2% 47.8% • Youdao's operating profit increased by over 10% year-over-year in the fourth quarter, achieving its 215 first-ever annual operating profit in 2024. 203 • By prioritizing high-demand courses, it ach
Slide 8: NetEase Cloud Music
NETEASE CLOUD MUSIC USD million1 NetEase Cloud Music Net Revenues and Gross Margin Gross Margin Net Revenues • NetEase Cloud Music continued to drive quality 32.8% 31.9% development across its music-centric ecosystem, 30.3% nurturing its unique community and distinctive content offerings. 272 274 25
Slide 9: Innovative Businesses and Others
INNOVATIVE BUSINESSES AND OTHERS USD million1 Innovative Businesses and Others NetEase Yanxuan Net Revenues and Gross Margin • Leading private-label consumer lifestyle brand in China Gross Margin Net Revenues • Continued to strengthen its brand presence with highly popular 37.8% 37.8% products in fo
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS USD billion1 Net Revenues Net Income Attributable to Shareholders (GAAP) 14.4 4.0 4.1 14.2 13.2 2.8 1.2 3.7 FY2022 FY2023 FY2024 Q4 2024 FY2022 FY2023 FY2024 Q4 2024 Value Returned to Shareholders Operating Cash Flow US$ FY2022 FY2023 FY2024 Q4 2024 Dividend per $1.38700 $2.5648
Slide 11: ESG Performance
ESG PERFORMANCE MSCI Ratings S&P Global ESG Score Sustainalytics Ratings AA 52 15.9 Last Updated: October 2024 Last Updated: September 2024 Last Updated: October 2024 According to MSCI’s evaluation, NetEase has been selected as a NetEase is rated as a low-risk NetEase is a leader among 233 member of
Slide 12: Balance Sheet Summary
BALANCE SHEET SUMMARY 2023 2024 Dec 31, RMB Dec 31, RMB Dec 31, USD in millions (Unaudited) (Unaudited) ASSETS Current assets: Cash and cash equivalents 21,429 51,383 7,039 Time deposits 100,856 75,441 10,335 Other current assets 20,408 26,501 3,631 Total current assets 142,693 153,325 21,005 Proper
Slide 13: Income Statement Summary
INCOME STATEMENT SUMMARY 4Q23 3Q24 4Q24 4Q24 QoQ YoY in millions except per ADS data & percentage data RMB RMB RMB USD Change Change (Unaudited) (Unaudited) Total net revenues: 27,140 26,210 26,748 3,664 2.1% -1.4% Games and related value-added services 20,921 20,864 21,242 2,910 1.8% 1.5% Youdao 1,
Slide 14: Thank You
THANK YOU