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SINGAPORE, June 17, 2025 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management, today announced that the Company has entered into a share repurchase agreement with MakeMyTrip Limited, an investee of the Company, to sell a portion of the Class B ordinary shares that the Company holds to MakeMyTrip for cancellation. This is part of the Company's efforts to optimize its investment portfolio and enhance shareholder returns. Following completion of the proposed repurchase, the Company will remain the largest minority shareholder of MakeMyTrip and continue to support the growth of MakeMyTrip. To fund the proposed repurchase, MakeMyTrip launched an offering of convertible senior notes pursuant to Rule 144A under the U.S. Securities Act of 1933 and a concurrent underwritten public offering of ordinary shares. In connection with the offerings, the Company has agreed to a lock-up period of 180 days with customary exceptions. About Trip.com Group Limited Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) is a leading global one-stop travel platform, integrating a comprehensive suite of travel products and services and differentiated travel content. It is the go-to destination for many travelers in Asia, and increasingly for travelers around the world, to explore travel, get inspired, make informed and cost-effective travel bookings, enjoy hassle-free on-the-go support, and share travel experience. Founded in 1999 and listed on Nasdaq in 2003 and HKEX in 2021, the Company currently operates under a portfolio of brands, including Ctrip, Qunar, Trip.com, and Skyscanner, with the mission "to pursue the perfect trip for a better world." For further information, please contact: Investor RelationsTrip.com Group LimitedTel: +86 (21) 3406-4880 X 12229Email: iremail@trip.com
HONG KONG, June 12, 2025 /PRNewswire/ -- NetDragon Websoft Holdings Limited ("NetDragon" or the "Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, is pleased to announce that its flagship game Eudemons Online has partnered with the Xishuangbanna Tropical Rainforest Conservation Foundation to launch the "Toward the Future: Asian Elephant Rescue Action (象往未来•亚洲象救助行动)" campaign. The initiative is being rolled out in conjunction with the upcoming in-game event "Eudemon Era: Oath of Guardians (灵兽纪元：守护之誓)" on June 25. The campaign pioneers the use of gamification to promote ecological preservation, linking players with conservation efforts through digital innovation and opening a fresh chapter to NetDragon's ESG journey. Digital Empowerment for ESG: A Creative Approach to Cult ural Heritage and Ecological Conservation Xishuangbanna's tropical rainforest, often referred to as the "Emerald on the Tropic of Cancer," serves as a vital habitat for wild Asian elephants. As a keystone species, Asian elephants play a critical role in maintaining ecological balance. However, with their population growing from 80 in the last century to around 250 today, potential human-elephant conflicts have emerged. NetDragon has taken the lead to support habitat restoration and elephant monitoring efforts—including the rehabilitation of feeding grounds and the use of drones for surveillance—to help improve their living environment. In addition, NetDragon's volunteer team traveled to Xishuangbanna to participate in building "Elephant Canteen" and planting food crops, taking practical steps to foster the harmonious coexistence between humans and elephants. NetDragon's flagship game Eudemons Online has integrated the concept of "protecting the community of life" into its gameplay by introducing a new in-game companion pet, "Naxi the Baby Elephant." Players can connect with Naxi through a dedicated mini-program, allowing them to learn about elephant conservation while enjoying the fun gaming experience. This digital initiative bridges the gap between the virtual and the reality, making environmental advocacy more accessible and relatable. By embedding ecological values and cultural storytelling into its games, NetDragon is creating meaningful touchpoints for players, particularly younger audiences, to develop greater environmental awareness. This campaign stands as a key ESG milestone of the Company, offering a compelling example of how digital innovation can drive sustainable development. From Cultural Heritage to Ecological Conservation: ESG Reimagined Through Digital Innovation NetDragon has continued to evolve its "Gaming + Philanthropy" strategy in recent years through a range of initiatives, including the "Roar in the Forest" South China Tiger Conservation Campaign and the "Guarding the Great Wall" cultural restoration initiative. These efforts represent a multidimensional exploration of "Gaming + Nature Conservation" and "Gaming + Cultural Heritage." In the "Roar in the Forest" project, NetDragon partnered with the Longyan Meihuashan South China Tiger Park to launch the educational outreach programs while integrating tiger protection into in-game quests and virtual items, helping raise awareness among players. In the "Guarding the Great Wall" initiative, the Company collaborated with Jiayuguan Great Wall to combine digital storytelling with hands-on restoration experiences, sparking interests in cultural preservation among younger generations. These cross-sector campaigns have enriched game content while also building a powerful social impact framework—showcasing NetDragon's long-term commitment to ESG principles and community responsibility. Beyond philanthropy, NetDragon continues to explore "Gaming + Cultural Tourism." The Company has collaborated with local cultural departments and tourist destinations like the Quanzhou Culture and Tourism Bureau, the Fujian Yongding Tulou, and the Harbin Ice and Snow Expo to create benchmark digital tourism projects. By faithfully recreating traditional Chinese architecture and integrating regional culture and intangible heritage—such as paper cutting, shadow puppetry, Nanyin opera, and traditional hairpin crafting—NetDragon enables players to experience Chinese heritage in an immersive, interactive format. In addition, as part of its global expansion strategy, NetDragon continues to export Chinese cultural aesthetics—such as Zen philosophy and martial arts—by weaving them into game design and organizing in-person visits for overseas players to iconic Chinese cultural landmarks such as Shaolin Temple and West Lake in Hangzhou. Through in-game events tied to traditional Chinese festivals, NetDragon offers players around the world immersive cultural experiences that blend the virtual with the reality—fostering cross-cultural exchange and promoting a deeper appreciation of Chinese heritage. NetDragon has always embedded corporate social responsibility deeply into its long-term strategy, with sustained efforts across cultural preservation, environmental protection, and educational philanthropy. For NetDragon, public welfare is not a marketing exercise—it's a core value and an ongoing commitment. The "Toward the Future" campaign is not only a new venture into philanthropic collaboration but also an extension of the Company's ESG mission. Looking ahead, NetDragon will continue to leverage its "Gaming +" strategy to connect more nonprofits, cultural institutions, and local tourism partners to bridge the virtual and the reality. By using games as a medium, NetDragon seeks to connect players with meaningful causes and turn gaming into a powerful tool for creating social value. About NetDragon Websoft Holdings Limited NetDragon Websoft Holdings Limited (HKSE: 0777) is a global leader in building internet communities with a long track record of developing and scaling multiple internet and mobile platforms that impact hundreds of millions of users, including previous establishments of China's first online gaming portal, 17173.com, and China's most influential smartphone app store platform, 91 Wireless. Established in 1999, NetDragon is one of the most reputable and well-known online game developers in China with a history of successful game titles including Eudemons Online, Heroes Evolved, Conquer Online, and Under Oath. In the past 10 years, NetDragon has also achieved success with its online education business both domestically and globally, and its overseas education business entity, currently a U.S.-listed subsidiary named Mynd.ai, is a global leader in interactive technology and its award-winning interactive displays and software can be found in more than 1 million learning and training spaces across 126 countries. For investor enquiries, please contact: NetDragon Websoft Holdings Limited Ms. Maggie ZhouSenior Director of Investor Relations Email: maggiezhou@nd.com.hk / ir@netdragon.com Website: ir.netdragon.com
TAIPEI, June 9, 2025 /PRNewswire/ -- Harrow (Nasdaq: HROW), a leading North American eyecare pharmaceutical company, and Taiwan-based Formosa Pharmaceuticals ("Formosa", 6838.TW), today announced a licensing agreement, whereby Harrow has acquired the exclusive U.S. commercial rights for BYQLOVI™ (clobetasol propionate ophthalmic suspension) 0.05%. BYQLOVI was recently approved by the U.S. Food and Drug Administration (FDA) for the treatment of post-operative inflammation and pain following ocular surgery and is the first new ophthalmic steroid in its class in over 15 years. Harrow expects BYQLOVI to be available in the fourth quarter of 2025. "We are thrilled to soon launch BYQLOVI, a truly clinically differentiated topical corticosteroid, into a U.S. market that now exceeds 7 million annual ophthalmic surgeries," said Mark L. Baum, Chief Executive Officer of Harrow. "With compelling efficacy, extraordinary safety, and patient‑friendly dosing, BYQLOVI has the potential to shift the paradigm in the multi-billion-dollar U.S. post-surgical care ophthalmic segment." "Harrow's commitment to innovation, patient access, and physician engagement closely aligns with our mission to promote unique clinical advancements that improve patient outcomes," said Erick Co, President and CEO of Formosa Pharmaceuticals. "We are confident that Harrow's leadership in the U.S. eyecare space will ensure BYQLOVI's successful adoption among surgeons and eyecare professionals – and ultimately, better post-surgical experiences for U.S. patients." BYQLOVI, a high-potency ophthalmic corticosteroid formulated using Formosa's proprietary APNT® nanoparticle formulation technology, delivers a highly uniform suspension that minimizes particle setting and provides consistent dosing. Its pharmacologic performance and clinical outcomes position it as a best‑in‑class option for post-operative inflammation and pain. Key highlights of BYQLOVI include: Best-in-Class Pain Relief with 77% and 85%, respectively, of patients in supportive pivotal clinical studies reporting no pain at Day 4 post-surgery; 82% and 87%, respectively, reporting no pain at Day 8 post-surgery. Best-in-Class Inflammation Clearance with 33% and 30%, respectively, of patients in supportive pivotal clinical studies with zero cell counts in the anterior chamber at Day 8 post-surgery. Safety Benefits with only 1.4% of patients experiencing elevated intraocular pressure (IOP), a substantially lower rate compared to other ophthalmic steroids. Best-in-Class Post-Surgical Dosing at 1 drop BID dosing for 14 days on label; without the need for a loading dose and a maintenance phase. About BYQLOVI™ (clobetasol propionate ophthalmic suspension) 0.05% BYQLOVI (clobetasol propionate ophthalmic suspension) 0.05%, for topical ophthalmic use INDICATIONS AND USAGE BYQLOVI is a corticosteroid indicated for the treatment of post-operative inflammation and pain following ocular surgery. CONTRAINDICATIONS BYQLOVI is contraindicated in most active viral diseases of the cornea and conjunctiva, including epithelial herpes simplex keratitis (dendritic keratitis), vaccinia, and varicella, and also in mycobacterial infection of the eye and fungal diseases of ocular structures. WARNINGS AND PRECAUTIONS Intraocular Pressure (IOP) Increase: Prolonged use of corticosteroids may result in glaucoma with damage to the optic nerve, defects in visual acuity and fields of vision. Steroids should be used with caution in the presence of glaucoma. If this product is used for 10 days or longer, IOP should be monitored. Cataracts: Prolonged use of corticosteroids may result in posterior subcapsular cataract formation. Delayed Healing: The use of steroids after cataract surgery may delay healing and increase the incidence of bleb formation. Corneal and Scleral Melting: In those diseases causing thinning of the cornea or sclera, perforations have been known to occur with the use of topical steroids. The initial prescription and renewal of the medication order should be made by a physician only after examination of the patient with the aid of magnification, such as slit lamp biomicroscopy, and where appropriate, fluorescein staining. Bacterial Infections: Prolonged use of corticosteroids may suppress the host response and thus increase the hazard of secondary ocular infections. In acute purulent conditions, steroids may mask infection or enhance existing infection. If signs and symptoms fail to improve after 2 days, the patient should be reevaluated. Viral Infections: Employment of a corticosteroid medication in the treatment of patients with a history of herpes simplex requires great caution. Use of ocular steroids may prolong the course and may exacerbate the severity of many viral infections of the eye (including herpes simplex). Fungal Infections: Fungal infections of the cornea are particularly prone to develop coincidentally with long-term local steroid application. Fungus invasion must be considered in any persistent corneal ulceration where a steroid has been used or is in use. Fungal culture should be taken when appropriate. ADVERSE REACTIONS Ocular adverse reactions occurring in ≥ 1% of subjects in clinical studies who received BYQLOVI included eye inflammation (2%), corneal edema (2%), anterior chamber inflammation (2%), cystoid macular edema (2%), intraocular pressure elevation (1%), photophobia (1%) and vitreous detachment (1%). Many of these reactions may have been the consequence of the surgical procedure. USE IN SPECIAL POPULATIONS Pregnancy. There are no adequate and well-controlled studies of BYQLOVI administration in pregnant women to inform a drug-associated risk. For additional information about BYQLOVI™, please see the Full Prescribing Information. About Formosa Pharmaceuticals Formosa Pharmaceuticals, Inc. (6838.TW) is a clinical stage biotechnology company with primary focus in the areas of ophthalmology and oncology. The company's proprietary nanoparticle formulation technology (APNT®), through which BYQLOVI was developed, improves the dissolution and bioavailability of APIs for topical, oral, and inhaler administration. Resulting formulations have high uniformity, purity, and stability, thereby allowing the utilization of poorly soluble or extremely potent drug agents which otherwise may face insurmountable challenges in safety, delivery, and penetration to target tissues. For more details about Formosa Pharma and APNT®, visit www.formosapharma.com. About Harrow Harrow, Inc. (Nasdaq: HROW) is a leading eyecare pharmaceutical company engaged in the discovery, development, and commercialization of innovative ophthalmic pharmaceutical products for the North American market. Harrow helps eyecare professionals preserve the gift of sight by making its portfolio of pharmaceutical products accessible and affordable to millions of patients each year. For more information about Harrow, please visit harrow.com. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release that are not historical facts may be considered such "forward-looking statements." Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties which may cause results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties that could cause actual results to differ from those predicted include, among others, risks related to: liquidity or results of operations; our ability to successfully implement our business plan, develop and commercialize our products, product candidates and proprietary formulations in a timely manner or at all, identify and acquire additional products, manage our pharmacy operations, service our debt, obtain financing necessary to operate our business, recruit and retain qualified personnel, manage any growth we may experience and successfully realize the benefits of our previous acquisitions and any other acquisitions and collaborative arrangements we may pursue; competition from pharmaceutical companies, outsourcing facilities and pharmacies; general economic and business conditions, including inflation and supply chain challenges; regulatory and legal risks, including litigation matters, and other uncertainties related to our pharmacy operations and the pharmacy and pharmaceutical business in general; physician interest in and market acceptance of our current and any future formulations and compounding pharmacies generally. These and additional risks and uncertainties are more fully described in Harrow's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year ended December 31, 2023, subsequent Quarterly Reports on Form 10-Q, and other filings with the SEC. Such documents may be read free of charge on the SEC's web site at sec.gov. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Except as required by law, Harrow undertakes no obligation to update any forward-looking statements to reflect new information, events, or circumstances after the date they are made, or to reflect the occurrence of unanticipated events.
HONG KONG, June 4, 2025 /PRNewswire/ -- NetDragon Websoft Holdings Limited ("NetDragon" or the "Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, is excited to announce that Dr. Liu Dejian, Founder and Chairman of NetDragon, was invited to attend the United Nations ("UN") High-level Expert Group Meeting held at UN Headquarter in New York from June 3rd to 4th. Dr. Liu discussed topics related to establishing an Online University for STEM education in the Least Developed Countries ("LDCs") with UN officials and global educational leaders. As a special guest, Dr. Liu also delivered a keynote speech at the opening session, highlighting how "AI + Education" can promote equitable and high-quality education in LDCs. Dr. Liu also shared NetDragon's various innovations and successful experiences in AI+ education, receiving warm feedback and strong recognition from the attendees. In response to the key topics of the meeting, Dr. Liu Dejian proposed an "On-Demand Learning" framework for STEM education and three key initiatives: encourage global developers to co-create open-source tools under the UN's leadership; call for global sharing of standardized STEM curricula and case studies; and encourage profound involvement from companies offering STEM-related career opportunities worldwide. The proposed framework features five core principles: breaking down complex tasks into clear steps, incorporating essential background knowledge in each step, embedding learning in real-world tasks, evolving in line with industry advancements, and being fully adaptable for localized content—aiming to create practical and inclusive STEM educational tools. These web-based tools are designed for both online and offline use, enabling learners to quickly apply what they have learned through real-world tasks, lowering entry barriers and building confidence. The concept aligns with the UN Online University's mission of promoting digitalized open education, while also coinciding with NetDragon's strategic vision in AI+Education: AI Production Center : The " Engine " of NetDragon's AI + Education Strategy. NetDragon has established an AI Production Center, powered by cutting-edge large language models (LLMs) and specialized AI tools. This system drives the creation of high-quality educational content through a fully automated, structured pipeline—from demand analysis to content generation and large database building. Each node-level AI agent functions independently, guided entirely by AI-defined rules without human intervention. Drawing from expert knowledge bases, these agents enable fully automated output. Currently, 100% of the Company's educational content creation involves AI assistance, with the production time for a typical high-quality lesson reduced to just one hour and marginal production costs lowered to the level of hundred RMB. The system also dramatically reduces the size of the employee team and the overall percentage of human intervention. 3E High-Quality Educational Content: The " Arsenal" of NetDragon's AI+ Strategy. NetDragon defines its next-generation educational content by the "3E" standard: Effective, Efficient, and Engaging. These are the core goals of its R&D efforts, aiming to provide comprehensive, high-quality learning content across all subjects and stages to learners worldwide. Certain early-stage versions of 3E content have been publicly released through initiatives like "Future Labs" and educational resource granules, which have received extensive welcome in the education community. The ultimate form of 3E content will be interactive educational games designed to foster immersive, learner-centered, exploratory education—delivering disruptive innovation to traditional teaching models. EDA Education Metaverse : The " Battlefield" of NetDragon's AI+ Strategy . Looking ahead, NetDragon's AI Production Center will feed a growing repository of 3E educational content into EDA—its vision for an education metaverse. EDA aims to build a borderless global learning community rooted in three principles: technology democratization, resource co-creation, and the incentive mechanism. EDA seeks to redefine the essence of learning through an intelligent learning system, enabling on-demand learning with "learning as entertainment" as the ultimate goal. The MHESI Skill platform (www.mhesi-skill.org), an AI education platform co-developed by NetDragon and Thailand's Ministry of Higher Education, Science, Research, and Innovation ("MHESI"), has been officially launched recently. It offers EV-focused training programs to the youth in Thailand. This platform represents a highly customized and locally deployed model of EDA. EDA aims to achieve co-management by global users and create a decentralized learning community in the future. Every learner's contribution will be recorded and converted into verifiable digital assets. Through a dual reward system—combining digital assets and achievement badges—EDA will incentivize continued contribution to and growth of the community. This blockchain-powered ecosystem also ensures that NetDragon's continued R&D efforts can be fully converted to market value. Dr. Liu Dejian, Founder and Chairman of NetDragon, commented: "This UN meeting gave us the opportunity to introduce a forward-looking framework that aligns closely with NetDragon's vision and experience in tackling STEM education challenges in LDCs. It also marked the first time we publicly presented our strategic vision of EDA on the international stage. Moving forward, our AI Production Center will deliver 3E educational content and immersive, exploratory learning environments to learners worldwide. These innovations will transform traditional teaching practices, potentially attracting tens of millions of global users. Through a highly innovative community ecosystem, we expect to create tremendous commercial and social value. In the desktop and mobile internet eras, we created two ultra-active online communities—17173.com and 91 Wireless. Today, we are just as confident and excited about building a super large global learning community in the AI era." About NetDragon Websoft Holdings Limited NetDragon Websoft Holdings Limited (HKSE: 0777) is a global leader in building internet communities with a long track record of developing and scaling multiple internet and mobile platforms that impact hundreds of millions of users, including previous establishments of China's first online gaming portal, 17173.com, and China's most influential smartphone app store platform, 91 Wireless. Established in 1999, NetDragon is one of the most reputable and well-known online game developers in China with a history of successful game titles including Eudemons Online, Heroes Evolved, Conquer Online and Under Oath. In the past 10 years, NetDragon has also achieved success with its online education business both domestically and globally, and its overseas education business entity, currently a U.S.-listed subsidiary named Mynd.ai, is a global leader in interactive technology and its award-winning interactive displays and software can be found in more than 1 million learning and training spaces across 126 countries. For investor enquiries, please contact: NetDragon Websoft Holdings Limited Ms. Maggie ZhouSenior Director of Investor Relations Email: maggiezhou@nd.com.hk / ir@netdragon.com Website: ir.netdragon.com
HANGZHOU, China, May 15, 2025 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Net revenues were RMB28.8 billion (US$4.0 billion), an increase of 7.4% compared with the same quarter of 2024. Games and related value-added services net revenues were RMB24.0 billion (US$3.3 billion), an increase of 12.1% compared with the same quarter of 2024. Youdao net revenues were RMB1.3 billion (US$178.9 million), a decrease of 6.7% compared with the same quarter of 2024. NetEase Cloud Music net revenues were RMB1.9 billion (US$256.1 million), a decrease of 8.4% compared with the same quarter of 2024. Innovative businesses and others net revenues were RMB1.6 billion (US$223.8 million), a decrease of 17.6% compared with the same quarter of 2024. Gross profit was RMB18.5 billion (US$2.5 billion), an increase of 8.6% compared with the same quarter of 2024. Total operating expenses were RMB8.0 billion (US$1.1 billion), a decrease of 14.4% compared with the same quarter of 2024. Net income attributable to the Company's shareholders was RMB10.3 billion (US$1.4 billion). Non-GAAP net income attributable to the Company's shareholders was RMB11.2 billion (US$1.5 billion).[1] Basic net income per share was US$0.45 (US$2.24 per ADS). Non-GAAP basic net income per share was US$0.49 (US$2.44 per ADS).[1] [1] As used in this announcement, non-GAAP net income attributable to the Company's shareholders and non-GAAP basic and diluted net income per share and per ADS are defined to exclude share-based compensation expenses. See the unaudited reconciliation of GAAP and non-GAAP results at the end of this announcement. First Quarter 2025 and Recent Operational Highlights Success of recently released titles drove increased traction in the global game market and further diversified our portfolio across genres. Marvel Rivals topped Steam's global top sellers chart shortly after its Season 2 update in April 2025. Where Winds Meet has maintained strong popularity since its December 2024 launch, surpassing 30 million registered players as of March 2025. FragPunk's March 2025 launch ignited player enthusiasm, ranking No. 6 on Steam's global top sellers chart and amassing over 110,000 peak concurrent players in three days. Once Human mobile game quickly claimed the No.1 position on the iOS download charts in more than 160 regions upon its April 2025 launch, garnering significant global attention. Blizzard titles sustained robust momentum, with World of Warcraft and Hearthstone engaging local communities through customized regional events in China. Additionally, the return of Overwatch pushed its regional peak concurrent players in China to a new record high. With technical testing initiated on April 16, 2025, Diablo 3 is also on track for its return to China. Increased the popularity of established titles through targeted events and crossover synergies, including Fantasy Westward Journey Online and mobile game, Infinite Borders, Identity V, Eggy Party, Naraka: Bladepoint franchises and Justice franchises, highlighting NetEase's strength in long-term game operations. Strengthened global game pipeline with multiple new titles under development, including MARVEL Mystic Mayhem, Destiny: Rising and Ananta. Youdao remained committed to technology-driven innovation and profitability enhancement, achieving record-high first-quarter operating profit, maintaining the profitability momentum in previous quarters. "We entered 2025 with solid momentum, fueled by our ongoing innovation and new titles that strengthen our reach across genres and resonate with players around the world," said Mr. William Ding, Chief Executive Officer and Director of NetEase. "In addition to the strong performance of our latest games, our long-standing franchises continue to thrive, powered by outstanding content updates and continuous gameplay enhancements that bring fresh takes to player experiences. As we reimagine new gaming possibilities, we remain rooted in innovation and long-term operations, partnering with top talent and strategic collaborators to deliver engaging experiences to players everywhere. "Alongside our games, Youdao and our other businesses continued their healthy development in the first quarter, driven by the same commitment to high-quality, technology-driven innovation. We remain focused on deepening engagement and creating lasting value by finding ways to connect, entertain and serve our users both domestically and worldwide," Mr. Ding concluded. First Quarter 2025 Financial Results Net Revenues Net revenues for the first quarter of 2025 were RMB28.8 billion (US$4.0 billion), compared with RMB26.7 billion and RMB26.9 billion for the preceding quarter and the same quarter of 2024, respectively. Net revenues from games and related value-added services were RMB24.0 billion (US$3.3 billion) for the first quarter of 2025, compared with RMB21.2 billion and RMB21.5 billion for the preceding quarter and the same quarter of 2024, respectively. Net revenues from the operation of online games accounted for approximately 97.5% of the segment's net revenues for the first quarter of 2025, compared with 96.7% and 95.2% for the preceding quarter and the same quarter of 2024, respectively. The quarter-over-quarter increase was primarily due to increased online games net revenues, such as Identity V and certain newly launched titles including Where Winds Meet and Marvel Rivals. The year-over-year increase was primarily due to increased net revenues from Identity V, several newly launched titles, as well as certain licensed games. Net revenues from Youdao were RMB1.3 billion (US$178.9 million) for the first quarter of 2025, compared with RMB1.3 billion and RMB1.4 billion for the preceding quarter and the same quarter of 2024, respectively. The year-over-year decrease was primarily due to a decrease in net revenues from its learning services as it continued to prioritize core services with strong long-term potential. Net revenues from NetEase Cloud Music were RMB1.9 billion (US$256.1 million) for the first quarter of 2025, compared with RMB1.9 billion and RMB2.0 billion for the preceding quarter and the same quarter of 2024, respectively. The year-over-year decrease was primarily due to decreased net revenues from its social entertainment services. Net revenues from innovative businesses and others were RMB1.6 billion (US$223.8 million) for the first quarter of 2025, compared with RMB2.3 billion and RMB2.0 billion for the preceding quarter and the same quarter of 2024, respectively. The quarter-over-quarter and year-over-year decreases were primarily due to decreased net revenues from Yanxuan, advertising services and certain other businesses in this segment. Gross Profit Gross profit for the first quarter of 2025 was RMB18.5 billion (US$2.5 billion), compared with RMB16.3 billion and RMB17.0 billion for the preceding quarter and the same quarter of 2024, respectively. The quarter-over-quarter and year-over-year increases were primarily due to increased net revenues from online games as mentioned above. Operating Expenses Total operating expenses for the first quarter of 2025 were RMB8.0 billion (US$1.1 billion), compared with RMB8.5 billion and RMB9.4 billion for the preceding quarter and the same quarter of 2024, respectively. The quarter-over-quarter decrease was mainly due to decreased research and development investments related to games and related value-added services and marketing expenditures related to innovative businesses and others. The year-over-year decrease was mainly due to decreased marketing expenditures related to games and related value-added services. Other Income/(Expenses) Other income/(expenses) consisted of investment income/(loss), interest income, net exchange gains and others. The quarter-over-quarter decrease was mainly due to decreased net exchange gains. The year-over-year increase was mainly due to lower investment impairment provisions incurred in the first quarter of 2025. Income Tax The Company recorded a net income tax charge of RMB1.9 billion (US$262.5 million) for the first quarter of 2025, compared with RMB1.4 billion and RMB1.5 billion for the preceding quarter and the same quarter of 2024, respectively. The effective tax rate for the first quarter of 2025 was 15.3%, compared with 13.4% and 16.0% for the preceding quarter and the same quarter of 2024, respectively. The effective tax rate represents certain estimates by the Company as to the tax obligations and benefits applicable to it in each quarter. Net Income and Non-GAAP Net Income Net income attributable to the Company's shareholders totaled RMB10.3 billion (US$1.4 billion) for the first quarter of 2025, compared with RMB8.8 billion and RMB7.6 billion for the preceding quarter and the same quarter of 2024, respectively. Basic net income was US$0.45 per share (US$2.24 per ADS) for the first quarter of 2025, compared with US$0.38 per share (US$1.90 per ADS) and US$0.33 per share (US$1.64 per ADS) for the preceding quarter and the same quarter of 2024, respectively. Non-GAAP net income attributable to the Company's shareholders totaled RMB11.2 billion (US$1.5 billion) for the first quarter of 2025, compared with RMB9.7 billion and RMB8.5 billion for the preceding quarter and the same quarter of 2024, respectively. Non-GAAP basic net income was US$0.49 per share (US$2.44 per ADS) for the first quarter of 2025, compared with US$0.42 per share (US$2.10 per ADS) and US$0.37 per share (US$1.83 per ADS) for the preceding quarter and the same quarter of 2024, respectively. Other Financial Information As of March 31, 2025, the Company's net cash (total cash and cash equivalents, current and non-current time deposits and restricted cash, as well as short-term investments balance, minus short-term and long-term loans) totaled RMB137.0 billion (US$18.9 billion), compared with RMB131.5 billion as of December 31, 2024. Net cash provided by operating activities was RMB12.1 billion (US$1.7 billion) for the first quarter of 2025, compared with RMB13.0 billion and RMB9.6 billion for the preceding quarter and the first quarter of 2024, respectively. Quarterly Dividend The board of directors approved a dividend of US$0.1350 per share (US$0.6750 per ADS) for the first quarter of 2025 to holders of ordinary shares and holders of ADSs as of the close of business on May 30, 2025, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, no later than 4:30 p.m. on May 30, 2025 (Beijing/Hong Kong Time). The payment date is expected to be June 10, 2025, for holders of ordinary shares and on or around June 13, 2025, for holders of ADSs. NetEase paid a dividend of US$0.24405 per share (US$1.22025 per ADS) for the fourth quarter of 2024 in March 2025. Under the Company's current dividend policy, the determination to make dividend distributions and the amount of such distribution in any particular quarter will be made at the discretion of its board of directors and will be based upon the Company's operations and earnings, cash flow, financial condition and other relevant factors. Share Repurchase Program On November 17, 2022, the Company announced that its board of directors had approved a share repurchase program of up to US$5.0 billion of the Company's ADSs and ordinary shares in open market transactions. This share repurchase program commenced on January 10, 2023 and will be in effect for a period not to exceed 36 months from such date. As of March 31, 2025, approximately 21.6 million ADSs had been repurchased under this program for a total cost of US$1.9 billion. The extent to which NetEase repurchases its ADSs and its ordinary shares depends upon a variety of factors, including market conditions. These programs may be suspended or discontinued at any time. ** The United States dollar (US$) amounts disclosed in this announcement are presented solely for the convenience of the reader. The percentages stated are calculated based on RMB. Conference Call NetEase's management team will host a teleconference call with a simultaneous webcast at 8:00 a.m. New York Time on Thursday, May 15, 2025 (Beijing/Hong Kong Time: 8:00 p.m., Thursday, May 15, 2025). NetEase's management will be on the call to discuss the quarterly results and answer questions. Interested parties may participate in the conference call by dialing 1-914-202-3258 and providing conference ID: 10046898, 15 minutes prior to the initiation of the call. A replay of the call will be available by dialing 1-855-883-1031 and entering PIN: 10046898. The replay will be available through May 22, 2025. This call will be webcast live and the replay will be available for 12 months. Both will be available on NetEase's Investor Relations website at http://ir.netease.com/. About NetEase, Inc. NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase") is a leading internet and game services provider centered around premium content. With extensive offerings across its expanding gaming ecosystem, the Company develops and operates some of the most popular and longest running mobile and PC games available in China and globally. Powered by one of the largest in-house game R&D teams focused on mobile, PC and console, NetEase creates superior gaming experiences, inspires players, and passionately delivers value for its thriving community worldwide. By infusing play with culture, and education with technology, NetEase transforms gaming into a meaningful vehicle to build a more entertaining and enlightened world. Beyond games, NetEase service offerings include its majority-controlled subsidiaries Youdao (NYSE: DAO), an intelligent learning and advertising solutions provider, and NetEase Cloud Music (HKEX: 9899), a well-known online music platform featuring a vibrant content community, as well as Yanxuan, NetEase's private label consumer lifestyle brand. For more information, please visit: http://ir.netease.com/. Forward Looking Statements This announcement contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar expressions. In addition, statements that are not historical facts, including statements about NetEase's strategies and business plans, its expectations regarding the growth of its business and its revenue and the quotations from management in this announcement are or contain forward-looking statements. NetEase may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks related to: the risk that the online games market will not continue to grow or that NetEase will not be able to maintain its position in that market in China or globally; risks associated with NetEase's business and operating strategies and its ability to implement such strategies; NetEase's ability to develop and manage its operations and business; competition for, among other things, capital, technology and skilled personnel; potential changes in regulation environment in the markets where NetEase operates; the risk that NetEase may not be able to continuously develop new and creative online services or that NetEase will not be able to set, or follow in a timely manner, trends in the market; risks related to evolving economic cycles and geopolitical tensions, including the direct or indirect impacts of national trade, investment, protectionist, tax or other laws or policies as well as export controls and economic or trade sanctions; risks related to the expansion of NetEase's businesses and operations internationally; risks associated with cybersecurity threats or incidents; and fluctuations in foreign currency exchange rates that could adversely affect NetEase's business and financial results. Further information regarding these and other risks is included in NetEase's filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. NetEase does not undertake any obligation to update this forward-looking information, except as required under applicable law. Non-GAAP Financial Measures NetEase considers and uses non-GAAP financial measures, such as non-GAAP net income attributable to the Company's shareholders and non-GAAP basic and diluted net income per ADS and per share, as supplemental metrics in reviewing and assessing its operating performance and formulating its business plan. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). NetEase defines non-GAAP net income attributable to the Company's shareholders as net income attributable to the Company's shareholders excluding share-based compensation expenses. Non-GAAP net income attributable to the Company's shareholders enables NetEase's management to assess its operating results without considering the impact of share-based compensation expenses. NetEase believes that this non-GAAP financial measure provides useful information to investors in understanding and evaluating the Company's current operating performance and prospects in the same manner as management does, if they so choose. NetEase also believes that the use of this non-GAAP financial measure facilitates investors' assessment of its operating performance. Non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using non-GAAP net income attributable to the Company's shareholders is that it does not reflect all items of expense/ income that affect our operations. Share-based compensation expenses have been and may continue to be incurred in NetEase's business and are not reflected in the presentation of non-GAAP net income attributable to the Company's shareholders. In addition, the non-GAAP financial measures NetEase uses may differ from the non-GAAP measures used by other companies, including peer companies, and therefore their comparability may be limited. NetEase compensates for these limitations by reconciling non-GAAP net income attributable to the Company's shareholders to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company's performance. See the unaudited reconciliation of GAAP and non-GAAP results at the end of this announcement. NetEase encourages you to review its financial information in its entirety and not rely on a single financial measure. Contact for Media and Investors:Email: ir@service.netease.comTel: (+86) 571-8985-3378 NETEASE, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) December 31, March 31, March 31, 2024 2025 2025 RMB RMB USD (Note 1) Assets Current assets: Cash and cash equivalents 51,383,310 41,748,614 5,753,113 Time deposits 75,441,355 81,008,298 11,163,242 Restricted cash 3,086,405 3,641,643 501,832 Accounts receivable, net 5,669,027 6,742,202 929,100 Inventories 571,548 517,787 71,353 Prepayments and other current assets, net 6,416,868 6,654,459 917,009 Short-term investments 10,756,143 17,357,707 2,391,956 Total current assets 153,324,656 157,670,710 21,727,605 Non-current assets: Property, equipment and software, net 8,520,101 8,454,460 1,165,056 Land use rights, net 4,172,465 4,140,969 570,641 Deferred tax assets 1,113,435 1,283,673 176,895 Time deposits 3,025,000 3,025,000 416,856 Restricted cash 5,208 5,226 720 Other long-term assets 25,830,685 26,278,094 3,621,218 Total non-current assets 42,666,894 43,187,422 5,951,386 Total assets 195,991,550 200,858,132 27,678,991 Liabilities, Redeemable Noncontrolling Interests and Shareholders' Equity Current liabilities: Accounts payable 720,549 565,140 77,878 Salary and welfare payables 4,683,009 2,614,923 360,346 Taxes payable 2,759,185 4,557,696 628,067 Short-term loans 11,805,051 9,824,016 1,353,786 Contract liabilities 15,299,222 17,748,602 2,445,823 Accrued liabilities and other payables 14,400,641 13,827,806 1,905,523 Total current liabilities 49,667,657 49,138,183 6,771,423 Non-current liabilities: Deferred tax liabilities 2,173,117 2,671,570 368,152 Long-term loans 427,997 - - Other long-term liabilities 1,228,641 1,179,135 162,489 Total non-current liabilities 3,829,755 3,850,705 530,641 Total liabilities 53,497,412 52,988,888 7,302,064 Redeemable noncontrolling interests 84,272 86,005 11,852 NetEase, Inc.'s shareholders' equity 138,685,606 143,834,194 19,820,882 Noncontrolling interests 3,724,260 3,949,045 544,193 Total equity 142,409,866 147,783,239 20,365,075 Total liabilities, redeemable noncontrolling interests and shareholders' equity 195,991,550 200,858,132 27,678,991 The accompanying notes are an integral part of this announcement. NETEASE, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share data or per ADS data) Three Months Ended March 31, December 31, March 31, March 31, 2024 2024 2025 2025 RMB RMB RMB USD (Note 1) Net revenues 26,851,741 26,747,811 28,828,545 3,972,680 Cost of revenues (9,835,821) (10,475,470) (10,349,139) (1,426,149) Gross profit 17,015,920 16,272,341 18,479,406 2,546,531 Operating expenses: Selling and marketing expenses (4,022,204) (2,818,645) (2,695,597) (371,463) General and administrative expenses (1,196,475) (1,162,381) (956,337) (131,787) Research and development expenses (4,174,758) (4,469,868) (4,386,313) (604,450) Total operating expenses (9,393,437) (8,450,894) (8,038,247) (1,107,700) Operating profit 7,622,483 7,821,447 10,441,159 1,438,831 Other income/(expenses): Investment income/(loss), net 179,291 (506,077) 692,751 95,464 Interest income, net 1,277,597 1,174,333 1,060,886 146,194 Exchange gains, net 15,011 1,535,312 1,803 248 Other, net 193,888 278,952 255,315 35,183 Income before tax 9,288,270 10,303,967 12,451,914 1,715,920 Income tax (1,485,910) (1,385,014) (1,905,143) (262,536) Net income 7,802,360 8,918,953 10,546,771 1,453,384 Accretion of redeemable noncontrolling interests (958) (1,039) (1,049) (145) Net income attributable to noncontrolling interests and redeemable noncontrolling interests (167,456) (151,435) (244,565) (33,702) Net income attributable to the Company's shareholders 7,633,946 8,766,479 10,301,157 1,419,537 Net income per share * Basic 2.38 2.76 3.25 0.45 Diluted 2.35 2.73 3.21 0.44 Net income per ADS * Basic 11.88 13.81 16.23 2.24 Diluted 11.75 13.67 16.06 2.21 Weighted average number of ordinary shares used in calculating net income per share * Basic 3,211,665 3,174,113 3,173,899 3,173,899 Diluted 3,249,452 3,206,100 3,206,362 3,206,362 * Each ADS represents five ordinary shares. The accompanying notes are an integral part of this announcement. NETEASE, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) Three Months Ended March 31, December 31, March 31, March 31, 2024 2024 2025 2025 RMB RMB RMB USD (Note 1) Cash flows from operating activities: Net income 7,802,360 8,918,953 10,546,771 1,453,384 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 567,923 697,447 480,761 66,251 Fair value changes of equity security and other investments (368,258) 358,852 (558,499) (76,963) Impairment losses on investments 128,417 422,801 89,071 12,274 Fair value changes of short-term investments (60,810) (241,431) (201,609) (27,782) Share-based compensation cost 894,300 931,444 951,872 131,170 Allowance for expected credit losses 11,600 12,031 16,771 2,311 Losses/(gains) on disposal of property, equipment and software 2,132 (3,644) 20,293 2,797 Unrealized exchange gains (17,509) (1,542,986) (28,453) (3,921) (Gains)/losses on disposal of long-term investments, business and subsidiaries (13,487) 232 11,675 1,609 Deferred income taxes 485,054 404,109 328,272 45,237 Share of results on equity method investees and revaluation results from previously held equity interest 164,271 (19,437) (18,668) (2,572) Changes in operating assets and liabilities: Accounts receivable (1,358,711) 517,850 (1,088,960) (150,063) Inventories 91,378 42,135 53,773 7,410 Prepayments and other assets 326,140 (432,196) (295,178) (40,676) Accounts payable (7,001) 218,689 (148,076) (20,405) Salary and welfare payables (2,178,608) 1,759,382 (2,085,111) (287,336) Taxes payable 1,271,822 154,651 1,796,123 247,512 Contract liabilities 1,574,086 (209,626) 2,526,198 348,119 Accrued liabilities and other payables 242,070 1,022,944 (290,374) (40,015) Net cash provided by operating activities 9,557,169 13,012,200 12,106,652 1,668,341 Cash flows from investing activities: Purchase of property, equipment and software (415,018) (311,982) (454,071) (62,573) Proceeds from sale of property, equipment and software 3,506 9,295 1,336 184 Purchase of intangible assets, content and licensed copyrights (188,821) (120,387) (298,771) (41,172) Net changes of short-term investments with terms of three months or less 2,401,649 3,798,989 (6,138,556) (845,916) Purchase of short-term investments with terms over three months - (4,560,000) (2,970,000) (409,277) Proceeds from maturities of short-term investments with terms over three months - 2,853,778 2,708,601 373,255 Investment in long-term investments and acquisition of subsidiaries (481,804) (201,686) (90,966) (12,535) Proceeds from disposal of long-term investments, businesses, subsidiaries and other financial instruments 85,456 355,142 77,428 10,670 Placement/rollover of matured time deposits (34,558,836) (21,691,769) (49,601,807) (6,835,312) Proceeds from maturities of time deposits 46,048,382 40,570,700 43,926,482 6,053,231 Change in other long-term assets (34,625) (73,553) (678) (93) Net cash provided by/(used in) investing activities 12,859,889 20,628,527 (12,841,002) (1,769,538) Cash flows from financing activities: Net changes from loans with terms of three months or less (399,726) 606,092 (2,254,415) (310,667) Proceeds of loans with terms over three months 6,998,250 457,000 2,747,550 378,623 Payment of loans with terms over three months (957,000) - (2,935,677) (404,547) Net amounts received related to capital contribution from or repurchase of noncontrolling interests shareholders 42,214 51,614 42,517 5,859 Cash paid for repurchase of NetEase's ADSs/purchase of subsidiaries' ADSs and shares (1,233,780) (1,595,093) (303,601) (41,837) Dividends paid to NetEase's shareholders (4,945,016) (1,982,595) (5,584,532) (769,569) Net cash used in by financing activities (495,058) (2,462,982) (8,288,158) (1,142,138) Effect of exchange rate changes on cash, cash equivalents and restricted cash held in foreign currencies (43,138) 113,792 (56,932) (7,845) Net increase/(decrease) in cash, cash equivalents and restricted cash 21,878,862 31,291,537 (9,079,440) (1,251,180) Cash, cash equivalents and restricted cash, at the beginning of the period 24,206,658 23,183,386 54,474,923 7,506,845 Cash, cash equivalents and restricted cash, at end of the period 46,085,520 54,474,923 45,395,483 6,255,665 Supplemental disclosures of cash flow information: Cash paid for income taxes, net 1,182,711 603,514 1,206,555 166,268 Cash paid for interest expenses 146,455 24,343 97,424 13,425 The accompanying notes are an integral part of this announcement. NETEASE, INC. UNAUDITED SEGMENT INFORMATION (in thousands) Three Months Ended March 31, December 31, March 31, March 31, 2024 2024 2025 2025 RMB RMB RMB USD (Note 1) Net revenues: Games and related value-added services 21,460,378 21,242,410 24,048,007 3,313,904 Youdao 1,391,859 1,339,798 1,298,262 178,905 NetEase Cloud Music 2,029,541 1,880,490 1,858,388 256,093 Innovative businesses and others 1,969,963 2,285,113 1,623,888 223,778 Total net revenues 26,851,741 26,747,811 28,828,545 3,972,680 Cost of revenues: Games and related value-added services (6,555,311) (7,075,562) (7,495,262) (1,032,875) Youdao (710,356) (699,045) (684,035) (94,263) NetEase Cloud Music (1,259,006) (1,279,951) (1,175,777) (162,026) Innovative businesses and others (1,311,148) (1,420,912) (994,065) (136,985) Total cost of revenues (9,835,821) (10,475,470) (10,349,139) (1,426,149) Gross profit: Games and related value-added services 14,905,067 14,166,848 16,552,745 2,281,029 Youdao 681,503 640,753 614,227 84,642 NetEase Cloud Music 770,535 600,539 682,611 94,067 Innovative businesses and others 658,815 864,201 629,823 86,793 Total gross profit 17,015,920 16,272,341 18,479,406 2,546,531 The accompanying notes are an integral part of this announcement. NETEASE, INC. NOTES TO UNAUDITED FINANCIAL INFORMATION Note 1: The conversion of Renminbi (RMB) into United States dollars (USD) is based on the noon buying rate of USD1.00 = RMB7.2567 on the last trading day of March 2025 (March 31, 2025) as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate on March 31, 2025, or at any other certain date. Note 2: Share-based compensation cost reported in the Company's unaudited condensed consolidated statements of comprehensive income is set out as follows in RMB and USD (in thousands): NETEASE, INC. RMB in thousands Three Months Ended March 31, December 31, March 31, March 31, 2024 2024 2025 2025 RMB RMB RMB USD (Note 1) Share-based compensation cost included in: Cost of revenues 254,935 304,687 233,711 32,206 Operating expenses Selling and marketing expenses 17,869 7,435 32,578 4,489 General and administrative expenses 289,636 246,424 261,259 36,002 Research and development expenses 331,860 372,898 424,324 58,473 Note 3: The financial information prepared and presented in this announcement might be different from those published and to be published by NetEase's listed subsidiary to meet the disclosure requirements under different accounting standards requirements. Note 4: The unaudited reconciliation of GAAP and non-GAAP results is set out as follows in RMB and USD (in thousands, except per share data or per ADS data): NETEASE, INC. UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS (in thousands, except per share data or per ADS data) Three Months Ended March 31, December 31, March 31, March 31, 2024 2024 2025 2025 RMB RMB RMB USD (Note 1) Net income attributable to the Company's shareholders 7,633,946 8,766,479 10,301,157 1,419,537 Add: Share-based compensation 876,898 915,489 935,570 128,925 Non-GAAP net income attributable to the Company's shareholders 8,510,844 9,681,968 11,236,727 1,548,462 Non-GAAP net income per share * Basic 2.65 3.05 3.54 0.49 Diluted 2.62 3.02 3.50 0.48 Non-GAAP net income per ADS * Basic 13.25 15.25 17.70 2.44 Diluted 13.10 15.09 17.51 2.41 * Each ADS represents five ordinary shares. The accompanying notes are an integral part of this announcement.
BEIJING, May 9, 2025 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU), a leading Chinese online media platform and game business group, will report its first quarter 2025 unaudited financial results on Monday, May 19, 2025, before U.S. market hours. Sohu's management team will host a conference call on the same day at 7:30 a.m. U.S. Eastern Time, May 19, 2025 (7:30 p.m. Beijing/Hong Kong time, May 19, 2025) following the quarterly results announcement. Conference Call Preregistration Participants can register for the conference call by click here, you will be led to the conference registration website. Upon registration, each participant will receive details for the conference call, including dial-in numbers and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin. The live webcast and archive of the conference call will be available on the Investor Relations section of Sohu's website at https://investors.sohu.com/. About Sohu Sohu.com Limited (NASDAQ: SOHU) was established by Dr. Charles Zhang, one of China's internet pioneers, in the 1990s. Sohu operates one of the leading Chinese online media platforms and also engages in the online game business in the Chinese mainland. Sohu has built one of the most comprehensive matrices of Chinese language web properties, consisting of Sohu News App, Sohu Video App, the mobile portal m.sohu.com, the PC portal www.sohu.com, and the online games platform www.changyou.com/en/. As a mainstream media platform with social features, Sohu is indispensable to the daily life of millions of Chinese, providing to a vast number of users a network of web properties and community based products, which offer a broad array of content such as news, information, text, picture, video and live broadcasting. Sohu also attracts users to be highly engaged in content generation and distribution, and actively interact with each other on the platform. Sohu's online game business is conducted by its subsidiary Changyou which develops and operates a diverse portfolio of PC and mobile games, such as the well-known Tian Long Ba Bu ("TLBB") PC and Legacy TLBB Mobile. For investor and media inquiries, please contact: In China: Ms. Pu HuangSohu.com LimitedTel: +86 (10) 6272-6645E-mail: ir@contact.sohu.com In the United States: Ms. Linda BergkampChristensenTel: +1 (480) 614-3004E-mail: linda.bergkamp@christensencomms.com
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