China-based NetEase, one of the leading internet and online game services providers announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022.
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NetEase’s net revenues for Q4 2022 have increased by 4% ($3.7 billion) compared to Q4 2021. Games and related value-added services net revenues were increased by 16%, while net income attributable to the cnompany’s shareholders was $573.1 million.
Net revenues from Youdao were $210.8 million, Cloud Music were $344.5 million and other net revenues from innovative businesses and others were $353.5 million for Q4 2022.
Chief Executive Officer and Director of NetEase William Ding said:
“We experienced solid growth in 2022. Primarily as a result of the ongoing popularity of our leading games and the expansion of our range of products and services, we ended the year with total net revenues reaching $3.7 billion in the fourth quarter.”
NetEase made the global news a few weeks ago for tearing down a World of Warcraft statue outside its headquarters. The renewal of the license partnership between Blizzard and NetEase was canceled after the sides could not agree upon certain elements.
