Strong Gaming Division Performance
Total online games net revenue reached around RMB20 billion, with PC games showing robust growth of 29% year-over-year and 30% quarter-over-quarter.
Identity V and NARAKA: BLADEPOINT Achievements
Identity V reached record high revenues for the third consecutive quarter, and NARAKA: BLADEPOINT celebrated its third anniversary with record high revenue in Q3.
Youdao's Profitability Improvement
Youdao significantly improved its profitability with income from operations exceeding RMB100 million, marking its first profitable third quarter.
Blizzard Games Relaunch Success
World of Warcraft saw a 50% increase in active players, while Hearthstone achieved over 150% growth following their relaunch in China.
Robust Cash Position
Net cash of approximately RMB120 billion as of September 30, 2024, compared with RMB110.9 billion at the end of 2023.