NetEase, Inc. (09999.HK, NTES.US) Q1 2026 Earnings Conference Call
Live time: May 21, 2026 07:00
NetEase, Inc. (09999.HK, NTES.US) Q1 2026 Earnings Conference Call
Live time: 05/21/2026 07:00:00
网易 (09999.HK，NTES.US) 2026 年第一季度业绩电话会
Summary
00:29
Opening Remarks by Brandy Piacente
Brandy Piacente, Investor Relations representative, opened NetEase's Q1 2026 earnings call and provided legal disclaimers regarding forward-looking statements and non-GAAP financial measures.
02:43
CEO William Ding Business Overview
William Ding, CEO of NetEase, announced Q1 2026 revenue of RMB 30.6B, supported by the increasing growth of NetEase's gaming business with RMB 25.7B in net revenue from gaming and related value-added services. He highlighted the sustained strong performance of NetEase’s games both domestically and internationally.
05:36
Gaming Business Performance Overview
William Ding elaborated on the performance of key gaming titles such as 'JSA' and 'Marvel Rivals', pointing out their robust growth streaks and global appeal, with specific mentions of new game updates: Hexi expansion and Marvel Rivals content additions, driving their record revenue and player engagement in Q1 2026.
11:55
MMORPG Games Success Overview
NetEase's MMORPG titles like 'Phoenix Adventure Online' and '天下' achieved record-breaking engagement and revenue in Q1 2026, supported by continual updates, new features, and community-focused content.
17:23
ESG Initiatives and Recognition
The management discussed NetEase's commitment to ESG, highlighting achievements like reduced carbon emissions by 12%, improved corporate governance, and recognition as a Forbes Global Best Employer for the ninth consecutive year.
22:22
CFO Eileen Moa Financial Overview
Eileen Moa noted NetEase's Q1 non-GAAP net profit of RMB 11.3B, a quarterly cash position of RMB 167.5B, and a quarterly dividend of USD 50.14 per ordinary share alongside stock repurchase activity worth USD 2.1B.
30:04
Q&A: Regarding Game Monetization and Competition — Analyst: Lincoln Kong (Goldman Sachs)
Management explained that their monetization strategy emphasizes player-centric design with personalized items while distinguishing their product from competitors in the open-world genre through unique urban gameplay experiences.
40:28
Q&A: Global Market Strategy — Analyst: Zhang Xueqing (China International Capital Corporation)
NetEase highlighted the global growth of 'Where Winds Meet,' emphasizing its strong appeal among international audiences, its success in reaching top Steam sales rankings, and future strategies to enhance localization and platform diversification.
44:39
Q&A: Success of Westwood Journey — Analyst: Ritchie Sun (HSBC)
Management shared the success of Westwood Journey Online, reporting a record-breaking peak concurrent user count of 3.9 million and emphasizing their commitment to its long-term operational strategy.
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