China-based internet and online game services provider NetEase announced its unaudited financial results for the third quarter ended in September 30, 2022. Report shows increase in several key metrics.
Financial report shows an increase of 10.1% in Net revenues compared to last year, in total of RMB24.4 billion (US$3.4 billion). Games and related value-added services net revenues were RMB18.7 billion (US$2.6 billion), an increase of 9.1% compared with the third quarter of 2021.
Gross profit was RMB13.7 billion (US$1.9 billion), an increase of 16.4%, and total operating expenses were RMB9.0 billion (US$1.3 billion), an increase of 12.0% compared with the third quarter of 2021.
NetEase also stated that net revenues and net income contributions from these licensed Blizzard games represented low single digits as a percentage of NetEase’s total net revenues and net income in 2021 and the first nine months of 2022.
The Chinese firm also said a separate long-term agreement covers the co-development and publishing of Diablo Immortal.