In the first quarter of 2024, NetEase earned $3 billion from games

The Chinese company NetEase also reported for the first quarter of 2024. Below are the key takeaways from the report.

Identity V

• The net revenue of NetEase totaled 26.9 billion yuan ($3.7 billion). It increased by 7.2% compared to the first quarter of 2023. The company's gross profit rose by 14.2% to 17 billion yuan ($2.4 billion).
• The revenue of NetEase's gaming division was 21.5 billion yuan ($3 billion), up 7%.
• The share of mobile games in the division's revenue grew from 72.3% to 78.6% over the year, largely due to the success of Eggy Party.
• Released nine years ago, Fantasy Westward Journey Mobile set a new quarterly revenue record. NetEase did not disclose the figure.
• The multiplayer horror game Identity V recently celebrated its sixth anniversary. In the wake of the anniversary events, the game's daily active audience reached a record level in May.
• Currently, NetEase's pipeline includes games like Marvel Rivals, Once Human, Where Winds Meet, and Naraka: Bladepoint Mobile.