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NetEase sales shoot up to $2.7 billion in Q1 2019

NetEase sales shoot up to $2.7 billion in Q1 2019

Net revenue for Chinese games publishing giant NetEase increased 29.5 per cent year-on-year to ¥18.35 billion ($2.7bn) in Q1 2019.

Gross profit meanwhile rose by 35.9 per cent to ¥8bn ($1.2bn) for the quarter.

Sales for the company’s online game services increased 35.3 per cent to ¥11.85bn ($1.76bn). Gross profit for this division was up 38.6 per cent to ¥7.5bn ($1.1bn).

Mobile game revenue accounted for approximately 72.1 per cent of online game sales, compared to 71.8 per cent the year prior.

PocketGamer.biz has more on the story.


Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz and InfluencerUpdate.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

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