On February 29th, NetEase released its financial reports for the fourth quarter and full year of 2023. According to the financial report, NetEase's total revenue in 2023 was 103.5 billion yuan; Under non GAAP, the net profit attributable to the company's shareholders from continuing operations is 32.6 billion yuan. NetEase's revenue in the fourth quarter of 2023 was 27.1 billion yuan; Under non GAAP, the net profit attributable to the company's shareholders from continuing operations is 7.4 billion yuan.
According to the financial report, the net revenue of NetEase Games and related value-added services in 2023 was 81.6 billion yuan. In 2023, the net revenue from online games accounted for approximately 92.9% of the net revenue of this segment, and in 2022, this proportion was 92.5%. In 2023, the net revenue from mobile games accounted for approximately 75.2% of the net revenue from online games, and in 2022, this proportion was 67.0%.
NetEase stated that the proportion of mobile game revenue in 2023 increased year-on-year, mainly due to the increase in net revenue from mobile games such as "Egg Boy Party" and "Against the Cold Water".
NetEase focuses on its main business and continues to enhance its self-developed technology. The financial report shows that the company's R&D investment in 2023 was 16.5 billion yuan, reaching a historic high with a R&D intensity of 16%. At present, key self-developed technologies such as NetEase's generative AI have fully penetrated core business workflows such as gaming, music, and education, significantly improving digital productivity, assisting in breaking through multiple content vertical tracks, and injecting momentum into long-term development.
NetEase CEO Ding Lei said, "The company's performance has grown healthily in 2023, with many business sectors developing well. NetEase will continue to provide innovative and high-quality products and services, continuously output high-quality content, improve user experience, accelerate cross industry digital and real innovation integration, and promote industry progress through practical applications."