NetEase, Inc. (NASDAQ:NTES) Q4 2022 Earnings Call Transcript

So all in all, I think in the next two to three years, our margins will be steady and slightly improving with positive surprises coming in 2025 beyond, which will then primarily be filled by the commercial launch of our overseas games that’s currently in the development phase.

Operator: Thank you. Your next question comes from Felix Liu with UBS. Please go ahead.

Felix Liu: Okay. Let me translate myself. Thank you management for taking my question. You mentioned the improved regulation outlook in China about game license. We’re definitely happy to see that. outside of the license gain that you already mentioned. If we look into second half this year and maybe 2024, could you give us some spoilers the big titles or big genre that you have a good pipeline for? Thank you.

William Ding: Okay. I’m sure this year and next year and many years ahead, we will continue to see more games to be launched, new games to be launched from NetEase. The subject innovation is perpetual and we will continue to focus on innovating our game play and our game quality. And you’ve seen we — and we are confident, we’ll continue to be able to deliver strong blockbuster games to the market years after year. Last year, we had amazing blockbuster America Play Point . This year we have Eggy Party. So those are breakthroughs that was been equally successful in the work type at Barbecue Games and we are equally successful in the casual games that you play with family and friends. So, I’m very confident you’ll continue to see new exciting, innovative games coming from different genre out of NetEase. Thank you.

Operator: Thank you. And that concludes the question-and-answer session. I would like to turn the conference back over to the management for any additional or closing comments.

Margaret Shi: Thank you again for joining us today. If you have any further questions, please feel free to contact us directly or financial communications. Have a great day. Thank you.

Operator: Thank you. That does conclude our conference for today. Thank you for participating. You may now disconnect.