NetEase, Inc.: Are Its Efforts Towards Content & Community Building in Music & E-commerce Yielding Results?

NetEase, a major player in the global gaming industry, delivered a mixed set of results for its fourth quarter and full fiscal year 2024. Total net revenue reached RMB 105.3 billion ($14.4 billion), a 2% increase year-over-year, driven primarily by their online games segment which contributed RMB 83.6 billion of the total. Despite the growth, the increase was modest, reflecting challenges in certain areas of the company’s operations.