NTES - NetEase Stock Dips After Q4 Print: What's Going On? | Benzinga
NetEase, Inc (NASDAQ:NTES) reported fourth-quarter fiscal 2023 revenue growth of 7.0% year-on-year to $3.82 billion, missing the consensus of $3.94 billion.
The Chinese gaming player’s adjusted EPADS of $1.60 missed the consensus of $1.71. The stock price slid after the results.
Segments and margins: Games and related value-added services revenues grew 9.6% Y/Y to $2.9 billion. The corresponding gross margin increased by 1,040 bps to 69.5%, attributable to a higher proportion of net revenues from NetEase’s self-developed games.
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