NetEase’s Gross Margin Expansion in the Second Quarter of 2018
Its gross profit expanded 8% YoY (year-over-year) and 22% QoQ (quarter-over-quarter) to 7.2 billion yuan ($1.1 billion) in the second quarter of 2018. The gross margin for email and others decreased from 0% in the second quarter of 2017 to -1% in both the first and second quarters of 2018.