11:45 AM EDT, 05/15/2025 (MT Newswires) -- (Updates with the latest stock movement in the first paragraph and headline.)

NetEase ( NTES ) shares were up over 13% in recent Thursday trading after the company reported higher Q1 results.

The company reported Q1 adjusted earnings Thursday of 17.51 Chinese renminbi ($2.43) per diluted American depositary share, up from 13.10 renminbi a year earlier.

Analysts polled by FactSet expected 13.91 renminbi.

Revenue for the quarter ended March 31 was 28.83 billion renminbi, up from 26.85 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 28.45 billion renminbi.

Price: 121.55, Change: +14.44, Percent Change: +13.48