NetEase reports solid 2024 results, eyes continued growth

NetEase, Inc. (HKEX: 9999) today released its 2024 annual report, showcasing a strong financial performance. Net revenues reached RMB105.3 billion, a 1.8% increase year-over-year. The company's net income attributable to shareholders was RMB29.7 billion. The games and related value-added services remained the primary revenue driver, contributing RMB83.6 billion. The annual report detailed continued investments in R&D, totaling RMB17.5 billion, and a focus on shareholder returns through dividends and share repurchase programs, with approximately 21.2 million ADSs repurchased for roughly $1.9 billion in 2024. The company also noted its commitment to corporate social responsibility and compliance with regulatory changes in China.