The company did not provide a specific financial outlook.
Key details
Metric
Actual
Q2 Revenue
RMB 30.10 bln
Q2 Adjusted Net Income
RMB 7.70 bln
Q2 Net Income
RMB 7 bln
Result drivers
Self-developed games - The company said Q2 yr/yr revenue growth was driven by higher net revenues from self-developed games such as Fantasy Westward Journey and Where Winds Meet.
Learning services - The Youdao segment saw revenue growth mainly from higher net revenues in its learning services.
Lower costs - The company attributed lower cost of revenues to reduced revenue-sharing and product costs.
Q2 results and revenue drivers
China online game provider's Q2 revenue rose 7.9% yr/yr, driven by self-developed titles.
Non-GAAP net income for Q2 fell sequentially but rose from a year earlier.
The company cited growth in self-developed games and stable music and learning segments.
NTES•
