{"id":4717,"date":"2024-03-01T09:36:38","date_gmt":"2024-03-01T01:36:38","guid":{"rendered":"https:\/\/www.1ai.net\/?p=4717"},"modified":"2024-03-01T09:36:38","modified_gmt":"2024-03-01T01:36:38","slug":"%e7%bd%91%e6%98%93%e5%8f%91%e5%b8%832023%e5%b9%b4%e8%b4%a2%e6%8a%a5%ef%bc%9a%e7%94%9f%e6%88%90%e5%bc%8fai%e5%b7%b2%e5%85%a8%e9%9d%a2%e6%b8%97%e9%80%8f%e6%a0%b8%e5%bf%83%e4%b8%9a%e5%8a%a1","status":"publish","type":"post","link":"https:\/\/www.1ai.net\/en\/4717.html","title":{"rendered":"NetEase releases 2023 financial report: Generative AI has fully penetrated core business"},"content":{"rendered":"

February 29,NetEase<\/a>Announced its financial report for the fourth quarter and full year of 2023. The report shows that NetEase has achieved steady performance growth by focusing on core businesses, increasing investment in self-developed technologies, and promoting innovation.<\/p>\n

First, NetEase has expanded its core business areas such as games, music, and education through applications.Generative AI<\/a>Key self-developed technologies such as AI and artificial intelligence have greatly improved digital productivity, achieved breakthroughs in the content vertical track, and injected new vitality into the company's long-term development.<\/p>\n

Secondly, in terms of finance, NetEase's performance in 2023 was stable. The total revenue for the whole year reached 103.5 billion yuan, and the net profit from continuing operations attributable to the company's shareholders under non-GAAP reached 32.6 billion yuan. In the fourth quarter, NetEase's revenue was 27.1 billion yuan, and the net profit from continuing operations attributable to the company's shareholders under non-GAAP was 7.4 billion yuan.<\/p>\n

\"2024022917131563490\"<\/p>\n

In terms of specific business, NetEase Games achieved a milestone breakthrough in categories, with annual revenue reaching 81.6 billion yuan and fourth quarter revenue reaching 20.9 billion yuan. NetEase Cloud Music turned losses into profits by strengthening the commercialization of membership, with annual revenue reaching 7.9 billion yuan, fourth quarter revenue reaching 2 billion yuan, and gross profit margin increased to 30.3%. NetEase Youdao released the "Zi Yue" education model 2.0, which exceeded expectations in the fields of education and advertising, with annual revenue reaching 5.4 billion yuan and fourth quarter revenue reaching 1.5 billion yuan.<\/p>\n

In addition, NetEase's innovation and other businesses also achieved an annual revenue of 8.6 billion yuan, with revenue of 2.8 billion yuan in the fourth quarter. This was mainly due to the increase in gross profit margins of NetEase Yanxuan and advertising services, which led to a double increase in the single-quarter gross profit margin of the innovation segment to 34.4% year-on-year and quarter-on-quarter.<\/p>\n

Ding Lei, CEO of NetEase, said in the financial report that the company's performance in 2023 achieved healthy growth, and many business segments developed well. In the future, NetEase will continue to provide innovative, high-quality products and services, continue to output high-quality content, improve user experience, and accelerate cross-industry digital and real innovation integration to promote industry progress through practical applications.<\/p>","protected":false},"excerpt":{"rendered":"

On February 29, NetEase announced its financial report for the fourth quarter of 2023 as well as the full year. The report shows that NetEase achieved solid earnings growth by focusing on its core business, increasing investment in technology self-research, and promoting innovation. First, NetEase has significantly improved digital productivity and achieved breakthroughs in the content pendant track by applying key self-research technologies such as generative AI in its core business areas of gaming, music, and education, injecting new vitality into the company's long-term development. Second, on the financial front, NetEase's performance in 2023 was solid. Total revenue for the year reached 103.5 billion yuan, and non-GAAP net income from continuing operations attributable to the company's shareholders reached 32.6 billion yuan. In the fourth quarter, NetEase reported revenue of $27.1 billion and non-GAAP net income attributable to the company's shareholders<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[383,1276],"collection":[],"class_list":["post-4717","post","type-post","status-publish","format-standard","hentry","category-news","tag-ai","tag-1276"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/4717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/comments?post=4717"}],"version-history":[{"count":0,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/4717\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/media?parent=4717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/categories?post=4717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/tags?post=4717"},{"taxonomy":"collection","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/collection?post=4717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}