On February 25, Netease released the results of the fourth quarter of 2020 and the financial year 2020. According to the financial report, Netease's net income in the fourth quarter was 19.76 billion yuan, a year-on-year increase of 25.6%.
In the fourth quarter, all businesses of Netease developed steadily. Among them, the net income of online game service was 13.4 billion yuan, an increase of 15.5% year on year; the net income of Youdao was 1.11 billion yuan, an increase of 169.7% year on year; the net income of innovation and other business was 5.25 billion yuan, an increase of 41.3% year on year.
In the fourth quarter, the net profit of going concern attributable to shareholders of the company was RMB 980 million, including net exchange loss of RMB 1.8 billion and net investment loss of RMB 270 million. Under non GAAP, the continuous net profit attributable to the company's shareholders is RMB 1.6 billion.
In 2020, Netease's net income will be 73.67 billion yuan, a year-on-year increase of 24.4%.Under non GAAP, the net profit of going concern attributable to shareholders of the company was 14.71 billion yuan.
Among them, Netease's game industry has maintained a revenue of more than 10 billion yuan for the 11th consecutive quarter, and continued to expand its user scale and enrich its game product line.In 2020, Netease's game revenue exceeded 50 billion yuan, reaching 54.61 billion yuan, accounting for 74.1% of Netease's overall revenue.
Recently, Netease has launched a series of new games in the Chinese market, including "Tianyu" mobile game, "picturesque traveler in time and space", "above the Kuroshio", "illusory book of enlightenment" and "game king: Duel link", which have won the unanimous recognition of the market and users. Among them, "Tianyu" mobile game was launched in January 2021 and attracted much attention. It reached the top of China's IOS free list for five consecutive days and achieved the highest and fourth best-selling results.
At the same time, many mobile games under Netease continue to maintain high popularity. In the past few months, games such as "dream journey to the west" and "big talk journey to the west" mobile games, "the land of the land" and "after tomorrow" have all ranked among the best sellers of IOS in China.
In addition, net income of Netease Youdao reached 1.11 billion yuan, a year-on-year increase of 169.7%, a new high. Among them, the net income of online courses based learning services was 730 million yuan, up 198.8% year on year; the net income of learning products composed of intelligent hardware was 240 million yuan, up 253.8% year on year.
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