More NetEase Development Studios Could Be at Risk
Summary Even moreNetEase Gamesstudios are at risk of closure following the company’s decision to cut costs across some of its non-Chinese subsidiaries, according to a newly emerged report. However, theMarvel Rivalsdeveloper is currently said to be exploring other options. On February 20, NetEase shared its consolidated financial report for the fourth quarter of 2024, reporting a 1.5% year-on-year revenue growth, but a 2.6% decline in gross profit. The results missed analyst expectations, and were followed by a Bloomberg report claimingNetEase nearly canceledMarvel Rivalsand recently started aggressive cost-cutting efforts across its overseas game development divisions....