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NetEase Games has posted their Q4 2024 quarterly earnings results, and the contribution of Marvel Rivals since its release!
Player Count
Marvel Rivals still boasts a strong concurrent user count on Steam, at around 400,000 users - not even counting a lot of the users on console. Here's the relevant excerpt from the report regarding the player count:
Marvel Rivals topped Steam’s global top sellers chart shortly after its launch on December 6,
Q4 2024 Earnings Release
amassing over 10 million registered users within 72 hours and over 40 million to date. Its
Season 1 update in January 2025 sparked another surge, claiming the No. 1 spots on Steam’s
top sellers and most-played charts worldwide.
Revenue
Overall, the Q4 revenue came a bit short of estimates but given Marvel Rivals released globally only in December, it only had one full month to make a difference in this report.
Q4 2024 Earnings Release
- Net revenues were RMB26.7 billion (US$3.7 billion), a decrease of 1.4% compared with the same quarter of 2023.
- Games and related value-added services net revenues were RMB21.2 billion (US$2.9 billion), an increase of 1.5% compared with the same quarter of 2023.
- Youdao net revenues were RMB1.3 billion (US$183.6 million), a decrease of 9.5% compared with the same quarter of 2023.
- NetEase Cloud Music net revenues were RMB1.9 billion (US$257.6 million), a decrease of 5.3% compared with the same quarter of 2023.
- Innovative businesses and others net revenues were RMB2.3 billion (US$313.1 million), a decrease of 17.0% compared with the same quarter of 2023.
- Gross profit was RMB16.3 billion (US$2.2 billion), a decrease of 3.3% compared with the same quarter of 2023.
- Total operating expenses were RMB8.5 billion (US$1.2 billion), a decrease of 15.1% compared with the same quarter of 2023.
- Net income attributable to the Company’s shareholders was RMB8.8 billion (US$1.2 billion). Non-GAAP net income attributable to the Company’s shareholders was RMB9.7 billion (US$1.3 billion).
- Basic net income per share was US$0.38 (US$1.89 per ADS). Non-GAAP basic net income per share was US$0.42 (US$2.09 per ADS).
