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NetEase 1st-Quarter Net Rises 13% on Popular Online Games

Netease Inc.'s (NTES, K3MD.SG) first-quarter earnings rose 13% as Chinese Internet users continued to log into the company's popular self-developed games.NetEase, which makes most of its revenue from online games, has posted mostly steady profit growth, pressured at times by promotional costs. The company's self-developed games like Tianxia and Heroes of Tang Dynasty have a strong fan base in China, driving revenue growth. The company also operates the popular World of Warcraft role-playing game in China under a license with Activision Blizzard Inc. (ATVI).The latest period was helped by growth across NetEase's principal self-developed games, including newer games like Heroes of Tang Dynasty II and Kung Fu Master, offsetting lower revenue from licensed games.For the latest period, NetEase posted a profit of 1.06 billion Chinese yuan ($171.2 million), or CNY8.19 ($1.32) an ADS, up from CNY841.7 million, or CNY7.17 an ADS a year ago.Pretax revenue increased 13% to CNY2.26 billion ($363.6...

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  1. Netease Fourth-Quarter Net Up 12% on Strong Demand for Online Games

    Netease Inc.'s (NTES, K3MD.SG) fourth-quarter profit rose 12% as the Internet company posted higher revenue from its popular online games.The company's American depo...

  2. Activision Sees a Strong Holiday, Boosts Full Year Outlook

    Activision Blizzard Inc. (ATVI) is feeling rather merry as it approaches this holiday season.The Santa Monica, Calif., company on Wednesday raised its full-year guid...

  3. Videogame Software Sales Fall 18% In Sept.

    Sales of videogame software fell 18% in September compared to the same period last year, according to data released by NPD Group on Thursday afternoon. Sales of game...

  4. Halftime Report: 10/6/12

    TV's Andy Levy puts the 'ombudsman' in 'Red Eye' ombudsman

  5. NetEase 2nd-Quarter Profit Up 13% as Revenue Rises

    NetEase Inc.'s (NTES, K3MD.SG) second-quarter earnings increased 13% as the Internet company posted stronger revenue from online games and advertising.However, its A...

  6. Blizzard Warns Of Unauthorized Battle.net Access

    Blizzard Entertainment, a unit of Activision Blizzard , said Thursday afternoon that it has notified its players of unauthorized access to some accounts on its Battl...

  7. Will Social, Mobile Trends Make Game Consoles Extinct?

    Neil Doshi, CitiGroup analyst, on the declining sales of video games in the wake of social and mobile gaming increasing in popularity.

  8. Activision Says Sales Of 'Diablo III' Game Top 3.5 Million Copies

    Activision Blizzard Inc. (ATVI) said Wednesday that "Diablo III," a new online, PC-based game, sold more than 3.5 million copies in its first 24 hours after launchin...

  9. Activision Blizzard Profit, Revenue Drops

    Activision Blizzard Inc was able to hold onto subscribers of its most profitable game, "World of Warcraft," in the first quarter and the largest video game publisher...

  10. Four Things to Do to Help Your Career Over the Next 40 Years

    The top 10 jobs in demand in 2010 did not exist in 2004. We are currently preparing students for jobs that don't exist yet; using technologies that don't exist yet i...

  11. Activision Blizzard Sets May 15 Date For Diablo 3

    Activision Blizzard said Thursday morning that it will release its "Diablo III" PC game on May 15. Pre-sales for the game opened today. It is the first major release...

  12. Activision Blizzard Names Microsoft's Durkin to CFO Post

    Activision Blizzard Inc . (ATVI) tapped Microsoft Corp. (MSFT) executive Dennis Durkin to serve as its new chief financial officer.The executive appointment comes le...

  1. Activision Falls On Outlook, 'Warcraft' Declines

    Shares of Activision Blizzard Inc. fell nearly 7% to $14.20 on Thursday morning after the videogame publisher reported first-quarter results that included a drop of ...

  2. Activision Falls On 'Warcraft' Decline, Forecast

    Shares of Activision Blizzard Inc. slid 5% in after-hours trading on Wednesday afternoon after the videogame publisher said subscribers to its popular "World of Warc...

  3. Activision Earnings Rise, Beating Estimates

    Activision Blizzard Inc. posted a strong rise in adjusted first-quarter earnings on Wednesday afternoon, beating Wall Street's estimates. For the period ended March ...

  4. U.S. Government Advertising on Piracy Sites?

    FNC contributor Steven Crowder on U.S. government ads on sites pirating movies and concerns about food safety in the U.K.

  5. Pop quiz: Which government programs are real, fake?

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  6. Activision Powers Through the Holiday With 'Call of Duty' Sales

    Activision Blizzard Inc. (ATVI) had a merry holiday, with strong sales of its marquee war-simulation game as well as its new toy titles.The Santa Monica, Calif., com...

  7. Activision Powers Through the Holiday With 'Call of Duty'

    Activision Blizzard Inc. (ATVI) had a merry holiday, with strong sales of its marquee war-simulation game as well as its new toy titles.The Santa Monica, Calif., com...

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