NetEase Games Round Out an Excellent 2016 With Fast-Growing Financial Results and Solid Market Traction
ByDate: Feb 15 2017 Views:
NetEase, Inc.one of China’s leading Internet and online game services providers, announced its unaudited annual financial results for 2016.
Total net revenues for fiscal year 2016 were RMB38.2 billion (US$5.5 billion), compared to RMB22.8 billion for the preceding fiscal year. Net revenues from online games were RMB28.0 billion (US$4.0 billion) for fiscal year 2016, compared to RMB17.3 billion for the preceding fiscal year.
Gaming continues to be the core business segment of NetEase. In 2016, NetEase Games launched 40 new mobile games, and many of them performed very well at home and abroad. Specifically, Onmyoji was ranked by App Store as Top 10 Mobile Game in China, and was ranked by Facebook as Top 3 Best Mobile Game 2016 worldwide. The game is also popular in overseas markets, ranking the highest selling app in Australia, Canada and New Zealand. NetEase Games launched the Japanese version of Onmyoji recently while the English version is estimated to go live in months.
NetEase also developed its first VR title Twilight Pioneers for Daydream, Google’s VR platform. The game quickly climbed the Google VR games download rank, and won the Experts’ Choice Award at Asia VR/AR Summit. In addition, other NetEase mobile games such as Onmyoji, Tianxia III mobile and OverOcean, as well as HIT, the new ARPG that NetEase is acting as the distributor in China, all achieved great results.
Aside from new games, NetEase Games’ flagship games also continued to do very well. According to App Annie, in June 2016, Fantasy Westward Journey exceeded 100 million registered players worldwide and topped the global iOS mobile game sales rank. This was the first time a Chinese company reach this achievement.
Thanks to its robust product lines and the cooperation with top game company worldwide such as Blizzard and Mojang AB, NetEase Games achieved another year of excellent operational and financial results, winning the top developer award on App Store and Google Play. According to App Annie, in October 2016, NetEase Games was the highest grossing developer on both App Store and Google Play worldwide. With such reputation and market traction, we have high hopes for what the company can achieve in the New Year.