NetEase, Inc(NASDAQ:NTES) reported a fiscal third-quarter revenue decline of 3.9% year-on-year to $3.73 billion (26.2 billion Chinese yuan), topping the analyst consensus estimate of $3.65 billion.

The Chinese gaming player's adjusted EPADS of $1.67 beat the analyst consensus estimate of $1.61. The stock climbed after the print.

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Segments and margins:Games and related value-added services revenues declined 4.2% year over year to $3.0 billion. The corresponding gross margin decreased by 20 bps to 68.8%, mainly attributable to changes in product mix.

Youdao, Inc's (NYSE:DAO) revenue climbed...