On August 22, NetEase released its Q2 2024 financial report. According to the financial report, NetEase's Q2 revenue was 25.5 billion yuan, a year-on-year increase of 6%. The net profit attributable to the company's shareholders under non GAAP accounting standards was 7.8 billion yuan, and the performance maintained steady growth. During the quarter, the R&D investment was 4.5 billion yuan, with a R&D investment intensity of over 17%, leading the industry.
In the second quarter, NetEase's gaming and related value-added services revenue was 20.1 billion yuan, NetEase Cloud Music revenue was 2 billion yuan, NetEase Youdao revenue was 1.3 billion yuan, and the innovation sector revenue was 2.1 billion yuan.
NetEase CEO Ding Lei stated that innovation has always been the primary goal of the company's development. NetEase will continue to expand its product line and domestic and international markets with strong research and development and operational capabilities, high-quality and diversified content, and bring exciting content and experiences to global users.