Cover news reporter Fu Wenchao.
On February 29, NetEase released its financial report for the fourth quarter and full year of 2023. NetEase's performance in 2023 is stable, with revenue of 103.5 billion yuan; Non-GAAP net income from continuing operations attributable to shareholders of the Company was $32.6 billion. NetEase's Q4 revenue in 2023 will be 27.1 billion yuan; Non-GAAP net income from continuing operations attributable to shareholders of the Company was $7.4 billion. NetEase's R&D investment in 2023 will reach a new high of 16.5 billion yuan, and the R&D intensity will reach 16%, leading the industry.
In 2023, NetEase's key self-developed technologies such as generative AI have fully penetrated core business workflows such as games and education, greatly improving digital productivity. NetEase Games achieved a milestone category breakthrough, ranking first in the five major game tracks, with annual revenue of 81.6 billion yuan and Q4 revenue of 20.9 billion yuan.
It is worth mentioning that NetEase said that since its launch in 2022, the party game "Egg Boy Party" has accumulated more than 500 million registered players, and the daily active users exceeded 40 million during the Lunar New Year.
NetEase Cloud** further strengthened the commercialization of members, with an annual revenue of 7.9 billion yuan, achieving an annual turnaround for the first time; Q4 revenue was 2 billion yuan, and the gross profit margin increased to 303%。NetEase Youdao released the "Zi Yue" education model 20, in the field of education and advertising results exceeded expectations, driving the annual revenue of 5.4 billion yuan, Q4 revenue of 1.5 billion yuan.
Ding Lei, CEO of NetEase, said that the company's performance in 2023 will grow healthily, and many business segments will develop well. NetEase will continue to provide innovative and high-quality products and services, continue to output high-quality content, improve user experience, accelerate cross-industry digital and real innovation and integration, and promote industry progress with practical applications.