US Stock Market Move | In Q3, Netease Inc's net profit attributable to shareholders reached 6.5 billion yuan. Netease Inc Sponsored ADR (NTES.US) rose more than 5% in pre-market trading.

On Thursday, Netease Inc Sponsored ADR (NTES.US) rose more than 5% in pre-market trading, reaching $80.11. In terms of news, Netease Inc Sponsored ADR announced its financial results for the third quarter of 2024, with a net revenue of 26.2 billion yuan, including a net revenue of 20.9 billion yuan from games and related value-added services; Youdao Inc ADR Class A's net revenue was 1.6 billion yuan, an increase of 2.2% year-on-year; Netease Inc Sponsored ADR CLOUD MUSIC's net revenue was 2 billion yuan, an increase of 1.3% year-on-year; and innovative and other businesses had a net revenue of 1.8 billion yuan. The gross profit was 16.5 billion yuan, and the net profit attributable to company shareholders was 6.5 billion yuan. The announcement stated that the company has launched popular new products and successfully expanded existing games into new regions, strengthening Netease Inc Sponsored ADR's competitive advantages in a broader market and segmented categories.