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NetEase Reports Second Quarter 2017 Financial Results

BEIJING , Aug. 10, 2017 /CNW/ -- NetEase Inc., (NetEase or the Company) reported second quarter 2017 financial results. Net revenues were US$2.0 billion , up 49.4% year-over-year and net income was US$438.4 million , up 9.2% year-over-year. NetEase Games posted strong top line growth, generating US$1.4 billion in revenue, up 46.5% year-over-year.

Onmyoji and New Ghost mobile were the main drivers behind the year-over-year growth in quarterly revenues. Additionally, mobile games such as Westward Journey Mobile, Land of Glory, Heroes of Tang Dynasty mobile, Demon Seals, and Tianxia mobile continued to gain traction with new content and expansion packs. In addition, NetEase's flagship PC game Fantasy Westward Journey Online and mobile game Invincible maintained their strong position and achieved record revenues in the second quarter.

During Netease's annual game press conference in May of this year, plans for...