U.S.-listed shares of NetEase (NTES) surged nearly 15% in intraday trading Thursday as the Chinese internet and game services provider reported first-quarter results above analysts’ estimates.
The company posted adjusted earnings per share of 3.50 yuan ($0.49) on revenue that rose more than 7% year-over-year to 28.83 billion yuan ($4 billion). Analysts polled by Visible Alpha projected 2.80 yuan and 28.51 billion yuan, respectively.
Games and related value-added services net revenues jumped 12% to 24.05 billion yuan, about a billion yuan above expectations. The segment more than made up for revenue decreases in its much smaller Youdao, NetEase Cloud Music, and Innovative businesses units.
“In addition to the strong performance of our latest games, our long-standing franchises continue to thrive, powered by outstanding content updates and continuous gameplay enhancements that bring fresh takes to player experiences,” CEO William Ding said.
Including today’s advance, NetEase shares are up about 38% in 2025.
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