NetEase (NASDAQ:NTES) stock dropped after it reported fiscal second-quarter results on Thursday.
The company’s quarterly revenue increased 9.4% year-on-year to $3.89 billion (27.89 billion Chinese yuan), topping the analyst consensus estimate of $3.86 billion.
The Chinese gaming player’s adjusted EPADS of $2.07 beat the analyst consensus estimate of $1.85.
Also Read: China’s NetEase Stock Pops On Q1 Performance Fueled By Gaming Growth, Strong Cash Flow
Games and related value-added services revenues rose 13.7% to $3.18 billion. The corresponding gross margin increased by 178 bps to 64.7% …