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1、 1 Contact for Media and Investors:Email: Tel:(+86)571-8985-3378 NetEase Announces First Quarter 2024 Unaudited Financial Results Hangzhou,China,May 23,2024-NetEase,Inc.(NASDAQ:NTES and HKEX:9999,“NetEase”or the“Company”),a leading internet and game services provider,today announced its unaudited fi

2、nancial results for the first quarter ended March 31,2024.First Quarter 2024 Financial Highlights Net revenues were RMB26.9 billion(US$3.7 billion),an increase of 7.2%compared with the first quarter of 2023.Games and related value-added services net revenues were RMB21.5 billion(US$3.0 billion),an i

3、ncrease of 7.0%compared with the first quarter of 2023.Youdao net revenues were RMB1.4 billion(US$192.8 million),an increase of 19.7%compared with the first quarter of 2023.Cloud Music net revenues were RMB2.0 billion(US$281.1 million),an increase of 3.6%compared with the first quarter of 2023.Innov

4、ative businesses and others net revenues were RMB2.0 billion(US$272.8 million),an increase of 6.1%compared with the first quarter of 2023.Gross profit was RMB17.0 billion(US$2.4 billion),an increase of 14.2%compared with the first quarter of 2023.Total operating expenses were RMB9.4 billion(US$1.3 b

5、illion),an increase of 22.4%compared with the first quarter of 2023.2 Net income attributable to the Companys shareholders was RMB7.6 billion(US$1.1 billion).Non-GAAP net income attributable to the Companys shareholders was RMB8.5 billion(US$1.2 billion).1 Basic net income per share was US$0.33(US$1

6、.65 per ADS).Non-GAAP basic net income per share was US$0.37(US$1.84 per ADS).1 First Quarter 2024 and Recent Operational Highlights Our numerous established game franchises continued their overall high level of popularity with their loyal user bases,demonstrating ongoing sustainability.Hit games,in