Online gaming helps NetEase clock 13% revenue growth in q2, expands share buyback
Online gaming helps NetEase clock 13% revenue growth in q2, expands share buyback
Chinese gaming company $NetEase(NTES.US)$ reported second-quarter FY21 revenue growth of 12.9% year-on-year to $3.179 billion, marginally missing the analyst consensus of $3.181 billion.
Segments and margins: Online game services revenues grew 5.1% Y/Y to $2.3 billion. The gross margin expanded 230 bps to 66.1%.
Net revenues from $Youdao, Inc(DAO.US)$ increased 107.5% Y/Y to $200.3 million. The margin expanded 710 bps to 52.3%.
Innovative businesses revenue rose 26% Y/Y to $728.4 million. The margin expanded 80 bps to 19.3%.
Non-GAAP net income per ADS of $0.97 beat the analyst consensus of $0.94.
NetEase held $16.7 billion in cash and equivalents and generated $731.5 million in operating cash flow.
Dividend: The board approved a dividend of $0.24 per ADS for Q2, down 20% Q/Q.
Share buybacks: The board increased the share buyback program from the previous limit of $2 billion to the new $3 billion. It also approved a share purchase program of up to $50.0 million of Youdao.
Price Action: NTES shares traded higher by 2.39% at $91.76 in the premarket session on the last check Tuesday.
中國遊戲公司$網易-S(NTES.US)$報告稱,21財年第二季度營收同比增長12.9%,至31.79億美元,略低於分析師一致預期的31.81億美元。
細分市場和邊距:網絡遊戲服務收入同比增長5.1%,達到23億美元。毛利率增長230個基點,達到66.1%。
來自以下項目的淨收入$有道股份有限公司(DAO.US)$同比增長107.5%,達到2.03億美元。利潤率擴大了710個基點,達到52.3%。
創新業務收入同比增長26%,達到7.284億美元。利潤率擴大80個基點,至19.3%。
ADS的非公認會計准則淨利潤為0.97美元,超過了分析師普遍預期的0.94美元。
網易-S持有167億美元的現金和現金等價物,產生了7.315億美元的運營現金流。
股息:董事會批准了第二季度每股ADS 0.24美元的股息,環比下降20%.
股票回購:董事會將股票回購計劃從之前的20億美元上限提高到新的30億美元。它還批准了一項高達5000萬美元的有道股票購買計劃。
價格行動:在週二的最後一次檢查中,NTES股價在盤前交易時段上漲2.39%,至91.76美元。