In the first quarter, NetEase earned $2.9 billion on games — almost half as much as Tencent

NetEase has published a financial report for the first quarter of 2023. She said that the gaming direction generated most of the company’s revenue.

▪️Net revenue of the entire NetEase amounted to $3.6 billion. This is 6.3% more in annual terms.

▪️80.5% of revenue came from games — $2.9 billion (+7.6%). Note that the company still earns much less from games than Tencent. The revenue of the gaming direction of competitor NetEase in the first quarter amounted to $ 5.4 billion.

The games of the Fantasy series Westward Journey and Westward Journey Online, as well as the titles I dentity V, Justice and the mobile version of New Ghost have grown in popularity. How exactly their indicators have changed is not specified.

▪️Eggy Party (蛋仔派对) became the most downloaded mobile game on iOS in China by the end of the quarter.