Tuesday, February 22, 2005

NetEase.com Fourth-Quarter Profit Rises - Online Games Are Main Revenue Driver

From ChinaTechNews: Online Games Are Netease's Main Revenue Driver

"For the fourth quarter ended December 31, 2004, Netease.com reported total net revenues of US$31.6 million, a 9.7% increase over total net revenues of US$28.8 million for the preceding quarter and a 55.1% increase over total revenues of US$20.4 million for the corresponding period in 2003."

"The main revenue driver for the fourth quarter was online game services which grew to RMB196.8 million (US$23.8 million), a 22.6% increase over RMB160.5 million (US$19.4 million) for the third quarter. Performance of Netease's two self-developed titles, Westward Journey Online Version 2.0 and Fantasy Westward Journey Online, was strong during the quarter, as highlighted by record average concurrent user numbers of 159,000 and 146,000, respectively, for the fourth quarter in 2004." Read more