NetEase Non-GAAP EPADS of $1.78 misses by $0.53, revenue of $4.4B beats by $30M

NetEase reported Q2 results with revenue of $4.4B, beating estimates by $30M (+7.9% YoY). However, Non-GAAP EPS of $1.78 missed expectations by $0.53. Game revenues rose 9.7% to RMB25.0B, while Youdao and Cloud Music saw modest growth or stability. Innovative businesses declined 3.5% to RMB1.6B.