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NetEase's Q1 Earnings: Gaming Giant Shows Resilience with Growth in Cash Flow and Cloud Music

NetEase, Inc (NASDAQ:NTES) reported fiscal first-quarter 2024 revenue growth of 7.2% year-on-year to $3.72 billion (26.9 billion Chinese yuan), missing the analyst consensus estimate of $3.79 billion. The Chinese gaming player's adjusted EPADS of $1.81 beat the analyst consensus estimate of $1.79. Segments and margins: Games and related value-added services revenues grew 7.0% year over year to $3.0 billion. The corresponding gross margin increased by 280 bps to 69.5%, attributable to change...
Youdao Inc Netease Inc William Ding Chief Executive Officer Vaneck Video Gaming And Globalx Video Games
Source: yahoo.com

25 Richest Billionaires in Technology Industry

In this article, we discuss the 25 richest billionaires in technology industry. To skip our detailed analysis of the technology industry, go directly to the 5 Richest Billionaires in Technology Industry. Technology Market Outlook According to a report by McKinsey, 2023 experienced a technological comeback and generative AI was one of the major drivers of […]
Eric Schmidt Mackenzie Scott Lei Jun Jeff Bezos Mark Zuckerberg Pavel Durov
Source: yahoo.com

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