NetEase's Q3 Profit Slides to 6.5 Billion Yuan as Revenue Slips 4%

MT Newswires Live11-14

NetEase (HKG:9999) recorded a decline in its third-quarter attributable net income to 6.54 billion yuan from 7.84 billion yuan in the year-ago period, a Thursday bourse filing said.

The gaming services provider's earnings per share slid to 2.03 yuan from 2.41 yuan a year prior.

The online game developer's quarterly revenue fell 3.9% to 26.2 billion yuan from 27.3 billion yuan a year earlier.

NetEase declared a third-quarter dividend of $0.0870 per share, payable to shareholders on record as of Nov. 29.

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