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NetEase (NTES -13.1%) gets pummeled after missing Q2 estimates. The Chinese online game...

NetEase (NTES -13.1%) gets pummeled after missing Q2 estimates. The Chinese online game developer blamed declining playing time for World of Warcraft, which NetEase jointly offers with Activision (ATVI) in China. NetEase is hoping several new 2H game launches will help it rebound. Two bright spots: registered users for NetEase's microblogging services rose 48.8% Q/Q to 180M, and registered e-mail accounts reached 495M (there are probably a lot of duplicates).
Comments (1)
  • Hold tight folks. Bright future ahead.
    16 Aug 2012, 01:35 PM Reply Like
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