Categories: Social Media News

NetEase.com Posts More Internet Revenue In China

Chinese Internet company NetEase.com Inc. announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009, and showed large annualized and sequential revenue increases.

Total revenues for the fourth quarter of 2009 were CNY1.3 billion, compared to CNY879.4 million and CNY801.7 million for the preceding quarter and the fourth quarter of 2008, respectively. Total revenues for fiscal year 2009 were CNY3.8 billion, compared to CNY3.0 billion for the preceding fiscal year.

Revenues from online games were CNY1.1 billion for the fourth quarter of 2009, compared to CNY775.1 million and CNY672.5 million for the preceding quarter and the fourth quarter of 2008, respectively. Revenues from online games were CNY3.4 billion for fiscal year 2009, compared to CNY2.5 billion for the preceding fiscal year. Revenues from advertising services were CNY183.7 million for the fourth quarter of 2009, compared to CNY86.0 million and CNY111.8 million for the preceding quarter and the fourth quarter of 2008, respectively. Revenues from advertising services were CNY383.6 million for fiscal year 2009, compared to CNY405.9 million for the preceding fiscal year.

Revenues from wireless value-added services and others were CNY18.5 million for the fourth quarter of 2009, compared to CNY18.3 million and CNY17.4 million for the preceding quarter and the fourth quarter of 2008, respectively. Revenues from WVAS and others were CNY71.2 million for fiscal year 2009, compared to CNY71.7 million for the preceding fiscal year.

Gross profit for the fourth quarter of 2009 was CNY844.1 million, compared to CNY627.0 million and CNY639.0 million, for the preceding quarter and the fourth quarter of 2008, respectively. The quarter-over-quarter and year-over-year increases in gross profit were primarily attributable to increased revenues from both the online games and advertising businesses, partially offset by increased cost of revenues, such as royalties and consultancy fees related to Blizzard’s World of Warcraft operations and increased staff-related costs, resulting from increased headcount, in the current quarter. Net profit for the fourth quarter of 2009 totaled CNY571.8 million, compared to CNY393.8 million and CNY575.9 million for the preceding quarter and the fourth quarter of 2008, respectively.

Social Media Asia Editor

Recent News

Careless People: A Story of Where I Used to Work by Sarah Wynn-Williams review – a former disciple unfriends Facebook

Shortly after her waters broke, Sarah Wynn-Williams was lying in hospital with her feet in…

5 hours ago

Murders in Kerala: Patterns change, mental health and substance abuse major concerns

Shemeena was the only person who survived the murderous assault by her son AR Affan…

5 hours ago

Chinese Teen Urges Mother To Prioritise Herself: ‘Beg You To Love Yourself Endlessly’

Curated By :Last Updated:March 16, 2025, 08:00 ISTThe conversation began when Wang Nanhao’s mother said…

9 hours ago

Trump administration freezes US-funded broadcasters amid global information crisis

Hundreds of staff members at VOA, Radio Free Asia, Radio Free Europe, and other stations…

11 hours ago

Chinese military jet crashes, pilot safely ejects

Beijing, China—A Chinese naval fighter jet crashed on Saturday during a training exercise but its pilot…

12 hours ago

Facebook’s Meta piles more misery on Nvidia as reports emerge that its inhouse AI training CPU is almost ready

Meta is reportedly readying its first in-house AI training chip for deployment The dedicated AI…

17 hours ago