The Digital Source For China's Tech Innovation Since 2000

Search
Close

Netease Grows On Gaming Success

April 26, 2005
Internet

Netease (NTES) has reported total revenues of US$39.6 million for the first quarter of 2005, representing a 17.9% increase over US$33.6 million for the preceding quarter, and a 57.6% increase over US$25.1 million for the corresponding period a year ago.

Revenues from online game services for the quarter showed continued strong growth, increasing by 25.9% quarter-over-quarter and 135.3% year-over-year to US$31.7 million driven by the success of Fantasy Westward Journey, which became one of China's most popular MMORPGs. Peak and average concurrent user numbers for the game reached 588,000 and 244,000, respectively, for the month of March 2005.

Revenues from advertising services for the first quarter were US$5.5 million, representing a 1.3% increase from the preceding quarter's US$5.4 million.

Total revenues from wireless value-added and other fee-based premium services for the first quarter fell by 18.7% quarter-over-quarter to US$2.4 million.

Netease reported gross profit in the first quarter of US$30.6 million, representing a 22.1% increase over the previous quarter. Total operating expenses for the quarter were US$10.9 million, representing a 17.4% increase from the previous quarter's US$9.3 million.

Tags: advertising | China | entertainment | Fantasy Westward Journey | fee | game | gaming | NetEase | online | online game | profit | Total | user | Wireless

Other Related News:

China Telecom Net Profit Up 6.3% In H1 2016

September 1, 2016

First Bank & Trust Purchases 119 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Slater Sentinel

September 15, 2021

Internationally Recognised Leader In Luxury Marketing To Speak At 2-day Event In Singapore And Hong Kong

September 17, 2008

PFG Advisors Acquires 1,576 Shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Stock Observer

January 7, 2022

Microsoft Flight Simulator Airbus A330, Pilatus PC-12, Eurofighter Typhoon, & Fokker F28 Get New Screenshots; Beijing Capital Airport & More Released Gamers Grade

June 30, 2022

Apple Celebrates Chinese New Year With Special-Edition AirPods Pro and More

January 2, 2022

China: Clears Law To Penalise Internet Firms For Abusing Market Competition

June 29, 2022

ChinaHR.com Made CNY175 Million Loss In 2008

February 23, 2009

How crypto foe China Is embracing NFTs, with strings attached

January 30, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....