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NetEase Announces Third Quarter 2021 Unaudited Financial Results – PRNewswire

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HANGZHOU, China, Nov. 16, 2021 /PRNewswire/ — NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China’s leading internet and online game services providers, today announced its unaudited financial results for the third quarter ended September 30, 2021.
Third Quarter 2021 Financial Highlights
Third Quarter 2021 and Recent Operational Highlights
[1] As used in this announcement, non-GAAP net income attributable to the Company’s shareholders and non-GAAP basic net income per share and per ADS are defined to exclude share-based compensation expenses. See "Unaudited Reconciliation of GAAP and Non-GAAP Results" at the end of this announcement.
"With strong and steady contributions from our online game services, our total net revenues for the third quarter reached RMB22.2 billion, an increase of 18.9% year-over-year," said Mr. William Ding, Chief Executive Officer and Director of NetEase. "It was a very fruitful season of diversification for our online games. Our flagship titles remained strong, and we introduced several new successful hits for PC and mobile platforms. New games such as Naraka: Bladepoint and Harry Potter: Magic Awakened captured wide interest from passionate game players who appreciate high quality game design. We will continue to bring more masterpieces to both domestic and global players in upcoming quarters. In addition, Youdao, NetEase Cloud Music and Yanxuan maintain their diverse and differentiated offerings. As an innovation-driven content creator, we will continue to deliver thoughtful premium content and products to our users across each of our carefully cultivated disciplines," Mr. Ding concluded.
Third Quarter 2021 Financial Results
Net Revenues
Net revenues for the third quarter of 2021 were RMB22,190.7 million (US$3,444.0 million), compared with RMB20,524.5 million and RMB18,658.2 million for the preceding quarter and the third quarter of 2020, respectively.
Net revenues from online game services were RMB15,899.1 million (US$2,467.5 million) for the third quarter of 2021, compared with RMB14,528.1 million and RMB13,862.0 million for the preceding quarter and the third quarter of 2020, respectively. Net revenues from mobile games accounted for approximately 69.2% of net revenues from online game services for the third quarter of 2021, compared with 72.1% and 72.7% for the preceding quarter and the third quarter of 2020, respectively.
Net revenues from Youdao were RMB1,387.3 million (US$215.3 million) for the third quarter of 2021, compared with RMB1,293.4 million and RMB896.0 million for the preceding quarter and the third quarter of 2020, respectively.
Net revenues from innovative businesses and others were RMB4,904.4 million (US$761.1 million) for the third quarter of 2021, compared with RMB4,703.0 million and RMB3,900.1 million for the preceding quarter and the third quarter of 2020, respectively.
Gross Profit
Gross profit for the third quarter of 2021 was RMB11,810.8 million (US$1,833.0 million), compared with RMB11,189.6 million and RMB9,885.8 million for the preceding quarter and the third quarter of 2020, respectively.
The quarter-over-quarter and year-over-year increases in online game services gross profit were primarily due to increased net revenues resulting from the launch of new games such as Naraka: Bladepoint and Harry Potter: Magic Awakened, as well as from existing games such as Fantasy Westward Journey Online and Westward Journey Online II.    
The quarter-over-quarter and year-over-year increases in Youdao gross profit were primarily attributable to the significant increase in net revenues from improved economies of scale and faculty compensation structure optimization for its learning services. 
The quarter-over-quarter decrease in innovative businesses and others gross profit was primarily due to decreased gross profit from NetEase CC and other services. The year-over-year increase was primarily due to the increased net revenues from and improved cost control at NetEase Cloud Music.  
Gross Profit Margin
Gross profit margin for online game services for the third quarter of 2021 was 64.5%, compared with 66.1% and 63.6% for the preceding quarter and the third quarter of 2020, respectively. Gross profit margin for online game services generally fluctuates within a narrow band based on the revenue mix of mobile and PC games, as well as NetEase’s self-developed and licensed games.
Gross profit margin for Youdao for the third quarter of 2021 was 56.6%, compared with 52.3% and 45.9% for the preceding quarter and the third quarter of 2020, respectively. The quarter-over-quarter and year-over-year increases were primarily attributable to the factors enumerated above.
Gross profit margin for innovative businesses and others for the third quarter of 2021 was 15.6%, compared with 19.3% and 16.8% for the preceding quarter and the third quarter of 2020, respectively. The fluctuation of gross profit margin is influenced by revenue contributions of different businesses and their respective gross profit margin.
Operating Expenses
Total operating expenses for the third quarter of 2021 were RMB8,035.6 million (US$1,247.1 million), compared with RMB7,431.5 million and RMB7,015.7 million for the preceding quarter and the third quarter of 2020, respectively. The quarter-over-quarter and year-over-year increases were mainly due to higher staff-related costs and research and development investments.
Other Income/ (Expenses)
Other income/ (expenses) comprised investment income/ (loss), interest income, exchange (losses)/ gains and others. The quarter-over-quarter and year-over-year changes were mainly due to investment income/ (loss) arising from fair value changes of equity investments with readily determinable fair value and unrealized net exchange (losses)/ gains arising from the Company’s U.S. dollar-denominated bank deposits and short-term loan balances as the exchange rate of the U.S. dollar against the RMB fluctuated over the periods.  

Income Taxes 
The Company recorded a net income tax charge of RMB807.6 million (US$125.3 million) for the third quarter of 2021, compared with RMB1,113.2 million and RMB342.7 million for the preceding quarter and the third quarter of 2020, respectively. The effective tax rate for the third quarter of 2021 was 19.6%, compared with 24.3% and 10.9% for the preceding quarter and the third quarter of 2020, respectively. The effective tax rate represents certain estimates by the Company as to the tax obligations and benefits applicable to it in each quarter.
Net Income and Non-GAAP Net Income  
Net income attributable to the Company’s shareholders totaled RMB3,181.8 million (US$493.8 million) for the third quarter of 2021, compared with RMB3,541.8 million and RMB2,998.2 million for the preceding quarter and the third quarter of 2020, respectively.
Non-GAAP net income attributable to the Company’s shareholders totaled RMB3,857.8 million (US$598.7 million) for the third quarter of 2021, compared with RMB4,227.9 million and RMB3,669.2 million for the preceding quarter and the third quarter of 2020, respectively.
NetEase reported basic net income of US$0.15 per share (US$0.74 per ADS) for the third quarter of 2021, compared with US$0.16 per share (US$0.82 per ADS) and US$0.14 per share (US$0.69 per ADS) for the preceding quarter and the third quarter of 2020, respectively.
NetEase reported non-GAAP basic net income of US$0.18 per share (US$0.90 per ADS) for the third quarter of 2021, compared with US$0.20 per share (US$0.98 per ADS) and US$0.17 per share (US$0.84 per ADS) for the preceding quarter and the third quarter of 2020, respectively.
Quarterly Dividend
The board of directors has approved a dividend of US$0.0450 per share (US$0.2250 per ADS) for the third quarter of 2021, to holders of ordinary shares and holders of ADSs as of the close of business on December 1, 2021, Beijing/ Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company’s Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong no later than 4:30 p.m. on December 1, 2021 (Beijing/ Hong Kong Time). The payment date is expected to be on December 13, 2021 for holders of ordinary shares and on or around December 16, 2021 for holders of ADSs.
NetEase paid a dividend of US$0.0480 per share (US$0.2400 per ADS) for the second quarter of 2021 in September 2021.
The Company’s policy is to set quarterly dividends at an amount equivalent to approximately 20%-30% of the Company’s anticipated net income after tax in each fiscal quarter. The determination to make dividend distributions and the amount of such distributions in any particular quarter will be made at the discretion of the board of directors and will be based upon the Company’s operations and earnings, cash flow, financial condition and other relevant factors.
Other Information
As of September 30, 2021, the Company’s total cash and cash equivalents, current and non-current time deposits and short-term investments balance totaled RMB98.3 billion (US$15.3 billion), compared with RMB100.1 billion as of December 31, 2020. Cash flow generated from operating activities was RMB6.3 billion (US$976.6 million) for the third quarter of 2021, compared with RMB4.7 billion and RMB5.4 billion for the preceding quarter and the third quarter of 2020, respectively. 
Update on Youdao’s Disposition of Academic After-School Tutoring Business
As previously disclosed, in order to comply with applicable regulatory requirements, Youdao plans to dispose of its after-school tutoring business for academic subjects included in China’s compulsory education system. Youdao currently expects the transaction to be completed by the end of 2021, subject to execution of the definitive agreements and regulatory approval, although there can be no assurance as to if or when the proposed transaction will be completed.
Share Repurchase/ Purchase Program
On February 25, 2021, the Company announced that its board of directors had approved a new share repurchase program of up to US$2.0 billion of the Company’s outstanding ADSs and ordinary shares in open market transactions for a period not to exceed 24 months beginning on March 2, 2021. On August 31, 2021, the Company announced that its board of directors had approved an amendment to such program to increase the total authorized repurchase amount to US$3.0 billion. As of September 30, 2021, approximately 13.5 million ADSs had been repurchased under this program for a total cost of US$1.3 billion. 
On August 31, 2021, the Company also announced that its board of directors has approved a share purchase program of up to US$50.0 million of Youdao’s outstanding ADSs for a period not to exceed 36 months beginning on September 2, 2021. Under the terms of this program, NetEase may purchase Youdao’s ADSs in open-market transactions on the New York Stock Exchange. As of September 30, 2021, approximately 0.1 million ADSs had been purchased under this program for a total cost of US$1.8 million.
The extent to which NetEase repurchases its ADSs and its ordinary shares or purchases Youdao’s ADSs will depend upon a variety of factors, including market conditions. These programs may be suspended or discontinued at any time.
** The United States dollar (US$) amounts disclosed in this announcement are presented solely for the convenience of the reader. Translations of amounts from RMB into United States dollars for the convenience of the reader were calculated at the noon buying rate of US$1.00 = RMB6.4434 on September 30, 2021 as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate on September 30, 2021, or at any other certain date. The percentages stated are calculated based on RMB. 
Conference Call
NetEase’s management team will host a teleconference call with simultaneous webcast at 7:00 a.m. New York Time on Tuesday, November 16, 2021 (Beijing/ Hong Kong Time: 8:00 p.m., Tuesday, November 16, 2021). NetEase’s management will be on the call to discuss the quarterly results and answer questions.
Interested parties may participate in the conference call by dialing 1-646-828-8193 and providing conference ID: 1483146, 10-15 minutes prior to the initiation of the call. A replay of the call will be available by dialing 1-719-457-0820 and entering passcode 1483146#. The replay will be available through November 29, 2021. 
This call will be webcast live and the replay will be available for 12 months. Both will be available on NetEase’s Investor Relations website at http://ir.netease.com/.
About NetEase, Inc.
As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase") provides premium online services centered around innovative and diverse content, community, communication and commerce. NetEase develops and operates some of China’s most popular mobile and PC games. In more recent years, NetEase has expanded into international markets including Japan and North America. In addition to its self-developed game content, NetEase partners with other leading game developers, such as Blizzard Entertainment and Mojang AB (a Microsoft subsidiary), to operate globally renowned games in China. NetEase’s other innovative service offerings include the intelligent learning services of its majority-controlled subsidiary, Youdao (NYSE: DAO); music streaming through its leading NetEase Cloud Music business; and its private label e-commerce platform, Yanxuan. For more information, please visit: http://ir.netease.com/.
Forward Looking Statements
This announcement contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. In addition, statements that are not historical facts, including statements about NetEase’s strategies and business plans, its expectations regarding the growth of its business and its revenue and the quotations from management in this announcement are or contain forward-looking statements. NetEase may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks related to: the risk that the online game market will not continue to grow or that NetEase will not be able to maintain its position in that market in China or globally; potential changes in government regulations, or changes in the interpretation and implementation of government regulations, that could adversely affect the industries and geographical markets in which NetEase and its subsidiaries operate, including, among others, recently announced government initiatives to enhance supervision of overseas-listed, China-based companies and increase scrutiny of data security and cross-border data flow, as well as recent guidelines restricting certain activities in China’s education market; the risk that COVID-19 or other health risks in China or globally could adversely affect the Company’s operations or financial results; risks associated with NetEase’s business and operating strategies and its ability to implement such strategies; NetEase’s ability to develop and manage its operations and business; competition for, among other things, capital, technology and skilled personnel; the risk that NetEase may not be able to continuously develop new and creative online services or that NetEase will not be able to set, or follow in a timely manner, trends in the market; competition in NetEase’s existing and potential markets; and the risk that fluctuations in the value of the Renminbi with respect to other currencies could adversely affect NetEase’s business and financial results. Further information regarding these and other risks is included in NetEase’s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. NetEase does not undertake any obligation to update this forward-looking information, except as required under the applicable law.  
Non-GAAP Financial Measures
NetEase considers and uses non-GAAP financial measures, such as non-GAAP net income attributable to the Company’s shareholders and non-GAAP basic and diluted net income per ADS and per share, as supplemental metrics in reviewing and assessing its operating performance and formulating its business plan. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").
NetEase defines non-GAAP net income attributable to the Company’s shareholders as net income attributable to the Company’s shareholders excluding share-based compensation expenses. Non-GAAP net income attributable to the Company’s shareholders enables NetEase’s management to assess its operating results without considering the impact of share-based compensation expenses. NetEase believes that these non-GAAP financial measures provide useful information to investors in understanding and evaluating the Company’s current operating performance and prospects in the same manner as management does, if they so choose. NetEase also believes that the use of this non-GAAP financial measure facilitates investors’ assessment of its operating performance.
Non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using non-GAAP net income attributable to the Company’s shareholders is that it does not reflect all items of expense/ income that affect our operations. Share-based compensation expenses have been and may continue to be incurred in NetEase’s business and are not reflected in the presentation of non-GAAP net income attributable to the Company’s shareholders. In addition, the non-GAAP financial measures NetEase uses may differ from the non-GAAP measures used by other companies, including peer companies, and therefore their comparability may be limited.
NetEase compensates for these limitations by reconciling non-GAAP net income attributable to the Company’s shareholders to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance. See "Unaudited Reconciliation of GAAP and Non-GAAP Results" at the end of this announcement. NetEase encourages you to review its financial information in its entirety and not rely on a single financial measure.    
Contact for Media and Investors:
Margaret Shi 
Email:
[email protected]
Tel: (+86) 571-8985-3378
Twitter:
https://twitter.com/NetEase_Global
NETEASE, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
 December 31,  
September 30, 
 September 30,  
2020
2021
2021
 RMB  
 RMB  
 USD (Note 1) 
Assets
Current assets:
   Cash and cash equivalents
9,117,219
22,266,781
3,455,750
   Time deposits
71,079,327
59,412,400
9,220,660
   Restricted cash
3,051,386
3,461,021
537,142
   Accounts receivable, net
4,576,445
5,422,326
841,532
   Inventories, net
621,207
1,038,607
161,189
   Prepayments and other current assets, net
6,112,433
7,688,224
1,193,194
   Short-term investments
13,273,026
9,654,207
1,498,309
Total current assets
107,831,043
108,943,566
16,907,776
Non-current assets:
   Property, equipment and software, net 
4,555,406
4,956,832
769,288
   Land use right, net
4,178,257
4,112,765
638,291
   Deferred tax assets 
1,086,759
1,103,624
171,280
   Time deposits
6,630,000
6,953,000
1,079,089
   Restricted cash

1,409
219
   Other long-term assets, net
17,593,117
21,717,108
3,370,442
Total non-current assets
34,043,539
38,844,738
6,028,609
Total assets 
141,874,582
147,788,304
22,936,385
Liabilities,  Redeemable Noncontrolling Interests
    and Shareholders’ Equity

Current liabilities:
   Accounts payable 
1,134,413
1,098,916
170,549
   Salary and welfare payables
3,538,732
2,584,787
401,153
   Taxes payable
4,282,835
4,009,110
622,204
   Short-term loans
19,504,696
19,614,143
3,044,067
   Deferred revenue
10,945,143
13,570,701
2,106,140
   Accrued liabilities and other payables
7,337,672
8,130,628
1,261,854
Total current liabilities
46,743,491
49,008,285
7,605,967
Non-current liabilities:
   Deferred tax liabilities
713,439
1,582,558
245,609
   Other long-term payable
623,728
747,260
115,973
Total non-current liabilities
1,337,167
2,329,818
361,582
Total liabilities
48,080,658
51,338,103
7,967,549
Redeemable noncontrolling interests 
10,796,120
11,345,638
1,760,815
NetEase, Inc.’s shareholders’ equity
82,126,798
83,780,065
13,002,462
Noncontrolling interests
871,006
1,324,498
205,559
Total shareholders’ equity
82,997,804
85,104,563
13,208,021
Total liabilities, redeemable noncontrolling 
    interests and shareholders’ equity    

141,874,582
147,788,304
22,936,385
The accompanying notes are an integral part of this announcement.
NETEASE, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data or per ADS data)
 Three Months Ended 
 Nine Months Ended
September 30, 
 June 30, 
 September 30,  
 September 30,  
 September 30,  
 September 30,  
 September 30,  
2020
2021
2021
2021
2020
2021
2021
 RMB 
 RMB 
 RMB 
 USD (Note 1) 
RMB
RMB
USD (Note 1)
Net revenues
18,658,222
20,524,501
22,190,749
3,443,950
53,905,395
63,232,461
9,813,524
Cost of revenues
(8,772,379)
(9,334,887)
(10,379,981)
(1,610,948)
(24,849,755)
(29,179,440)
(4,528,578)
Gross profit
9,885,843
11,189,614
11,810,768
1,833,002
29,055,640
34,053,021
5,284,946
Operating expenses:
Selling and marketing expenses 
(3,442,821)
(3,013,447)
(3,134,030)
(486,394)
(7,627,289)
(8,914,159)
(1,383,456)
General and administrative expenses
(783,815)
(1,011,183)
(1,140,296)
(176,971)
(2,561,871)
(3,101,673)
(481,372)
Research and development expenses 
(2,789,051)
(3,406,859)
(3,761,239)
(583,735)
(7,340,006)
(10,228,287)
(1,587,405)
Total operating expenses
(7,015,687)
(7,431,489)
(8,035,565)
(1,247,100)
(17,529,166)
(22,244,119)
(3,452,233)
Operating profit
2,870,156
3,758,125
3,775,203
585,902
11,526,474
11,808,902
1,832,713
Other income/ (expenses):
Investment income/ (loss), net
1,280,483
889,392
(264,611)
(41,067)
1,881,911
1,320,079
204,873
Interest income, net
446,914
386,207
349,550
54,249
1,188,617
1,124,685
174,548
Exchange (losses)/ gains, net
(1,571,326)
(591,720)
153,310
23,793
(1,310,261)
(159,091)
(24,691)
Other, net
109,940
147,588
117,636
18,257
597,847
413,191
64,126
Income before tax
3,136,167
4,589,592
4,131,088
641,134
13,884,588
14,507,766
2,251,569
Income tax
(342,700)
(1,113,228)
(807,648)
(125,345)
(2,489,188)
(3,194,284)
(495,745)
Net income
2,793,467
3,476,364
3,323,440
515,789
11,395,400
11,313,482
1,755,824
Accretion and deemed dividends in
    connection with repurchase of
    redeemable noncontrolling interests

(118,448)
(145,415)
(147,825)
(22,942)
(655,425)
(437,067)
(67,832)
Net loss attributable to noncontrolling
    interests

323,221
210,805
6,167
957
347,077
286,273
44,429
Net income attributable to the
    Company’s shareholders

2,998,240
3,541,754
3,181,782
493,804
11,087,052
11,162,688
1,732,421
Net income per share *
Basic
0.89
1.06
0.96
0.15
3.37
3.34
0.52
Diluted
0.87
1.05
0.95
0.15
3.33
3.30
0.51
Net income per ADS *
Basic
4.43
5.29
4.78
0.74
16.87
16.71
2.59
Diluted
4.37
5.23
4.73
0.73
16.65
16.50
2.56
Weighted average number of ordinary 
    shares used in calculating net income
    per share *

Basic
3,384,051
3,347,507
3,325,892
3,325,892
3,286,194
3,340,925
3,340,925
Diluted
3,431,274
3,385,953
3,361,727
3,361,727
3,329,149
3,382,467
3,382,467
*  Each ADS represents five ordinary shares.
The accompanying notes are an integral part of this announcement.
NETEASE, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Three Months Ended
 Nine Months Ended
 September 30,  
 June 30, 
 September 30,  
 September 30,  
 September 30,  
 September 30,  
 September 30,  
2020
2021
2021
2021
2020
2021
2021
 RMB  
 RMB  
 RMB  
 USD (Note 1) 
 RMB  
 RMB  
 USD (Note 1) 
Cash flows from operating activities:
     Net income  
2,793,467
3,476,364
3,323,440
515,789
11,395,400
11,313,482
1,755,824
     Adjustments to reconcile net income to net cash provided
         by operating activities: 

     Depreciation and amortization 
913,049
814,370
805,485
125,009
2,495,256
2,439,685
378,633
     Fair value changes of equity security investments  
(1,103,428)
(203,720)
1,194,338
185,358
(1,279,669)
513,021
79,620
     Impairment losses of investments and other long-term assets 

4,797
26,055
4,044
6,600
30,852
4,788
     Fair value changes of short-term investments 
(133,943)
(170,676)
(184,564)
(28,644)
(461,787)
(473,244)
(73,446)
     Share-based compensation cost 
676,751
700,114
688,226
106,811
2,034,510
2,038,593
316,385
     (Reversal of)/ allowance for expected credit losses 
(2,146)
27,384
212,010
32,903
46,488
252,998
39,265
     Losses on disposal of property, equipment and software  
2,645
1,424
4,008
622
3,752
5,273
818
     Unrealized exchange losses/ (gains)  
1,568,627
572,708
(157,292)
(24,411)
1,305,960
141,369
21,940
     Losses/ (gains) on disposal of long-term investments, 
         business and subsidiaries 

2,995
(166,505)
(1)

(27,241)
(173,829)
(26,978)
     Deferred income taxes 
(550,137)
202,894
307,994
47,800
162,220
838,963
130,205
     Share of results on equity method investees and revaluation
        gains from previously held equity interest 

(28,915)
(342,760)
(730,363)
(113,351)
(86,074)
(1,125,015)
(174,600)
     Changes in operating assets and liabilities:  
         Accounts receivable 
43,177
573,111
(1,178,290)
(182,868)
(885,908)
(1,089,522)
(169,091)
         Inventories 
34,429
(9,608)
(154,072)
(23,911)
126,198
(417,175)
(64,745)
         Prepayments and other assets 
65,383
593,379
(38,490)
(5,974)
(804,808)
(230,335)
(35,747)
         Accounts payable 
147,811
(178,097)
172,696
26,802
(222,565)
(66,055)
(10,251)
         Salary and welfare payables 
(447,645)
856,775
(647,029)
(100,417)
(853,515)
(1,016,409)
(157,744)
         Taxes payable 
240,464
(1,397,390)
(434,893)
(67,494)
906,404
(273,665)
(42,472)
         Deferred revenue 
1,000,530
(381,446)
2,154,751
334,412
1,774,212
2,514,243
390,204
         Accrued liabilities and other payables 
177,853
(250,312)
928,647
144,124
1,038,491
1,334,899
207,173
     Net cash provided by operating activities 
5,400,967
4,722,806
6,292,656
976,604
16,673,924
16,558,129
2,569,781
Cash flows from investing activities:
     Purchase of property, equipment and software 
(350,866)
(421,872)
(407,688)
(63,272)
(752,225)
(1,159,306)
(179,921)
     Proceeds from sale of property, equipment and software 
4,903
2,458
11,030
1,712
9,645
15,007
2,329
     Purchase of intangible assets, content and licensed
        copyrights 

(755,132)
(566,736)
(218,168)
(33,859)
(1,901,408)
(1,211,037)
(187,950)
     Net change in short-term investments with terms of three
        months or less 

298,667
1,668,673
167,978
26,070
601,474
5,169,261
802,257
     Purchase of short-term investments 
(4,555,000)
(2,450,000)
(630,000)
(97,774)
(17,705,000)
(10,985,000)
(1,704,845)
     Proceeds from maturities of short-term investments 
11,295,357
813,211
6,251,750
970,256
20,528,551
9,922,302
1,539,917
     Investment in long-term investments and acquisition of
        subsidiaries    

(647,533)
(3,376,973)
(586,124)
(90,965)
(1,373,300)
(4,521,538)
(701,732)
     Proceeds from disposal of long-term investments, 
        businesses and subsidiaries 

397,342
266,284
33,731
5,235
628,150
498,915
77,431
     Placement/rollover of matured time deposits 
(26,718,380)
(27,223,584)
(11,723,614)
(1,819,476)
(76,798,135)
(54,669,947)
(8,484,643)
     Proceeds from maturities of time deposits 
13,550,559
25,790,186
28,328,155
4,396,461
46,633,442
65,599,476
10,180,879
     Change in other long-term assets 
(21,957)
(44,877)
(69,429)
(10,775)
(108,582)
(168,959)
(26,222)
     Net cash (used in)/ provided by investing activities 
(7,502,040)
(5,543,230)
21,157,621
3,283,613
(30,237,388)
8,489,174
1,317,500
The accompanying notes are an integral part of this announcement.
NETEASE, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
(in thousands)
Three Months Ended
 Nine Months Ended
 September 30,  
 June 30, 
 September 30,  
 September 30,  
 September 30,  
 September 30,  
 September 30,  
2020
2021
2021
2021
2020
2021
2021
 RMB  
 RMB  
 RMB  
 USD (Note 1) 
 RMB  
 RMB  
 USD (Note 1) 
Cash flows from financing activities:
     Proceeds of short-term loans 
68,978
1,320,614
612,885
95,118
529,452
2,170,415
336,843
     Payment of short-term loans 

(582,328)
(235,284)
(36,516)
(456,566)
(985,312)
(152,918)
     Net changes in short-term loans with terms of three months
        or less 

1,031,040
4,978,642
(7,967,910)
(1,236,600)
5,875,786
(867,227)
(134,592)
     Net amounts (paid for)/ received from issuance of shares
        in Hong Kong 

(212)



22,083,255
(13,800)
(2,142)
     Capital contribution from/ (repurchase of) noncontrolling interests 
        and redeemable noncontrolling interests shareholders, net 

4,815
8,176
34,800
5,401
(278,952)
1,550,025
240,560
     Cash paid for repurchase of NetEase’s/purchase of Youdao’s
        ADSs 

(2,223,165)
(2,468,969)
(6,310,841)
(979,427)
(8,045,058)
(10,798,277)
(1,675,866)
     Dividends paid to shareholders 
(1,377,570)
(1,278,879)
(1,028,116)
(159,561)
(3,419,251)
(2,567,837)
(398,522)
     Net cash (used in)/ provided by financing activities      
(2,496,114)
1,977,256
(14,894,466)
(2,311,585)
16,288,666
(11,512,013)
(1,786,637)
 Effect of exchange rate changes on cash, cash equivalents 
     and restricted cash held in foreign currencies 
(25,033)
(25,112)
14,435
2,240
229,123
25,316
3,929
 Net (decrease)/ increase in cash, cash equivalents and restricted cash                
(4,622,220)
1,131,720
12,570,246
1,950,872
2,954,325
13,560,606
2,104,573
Cash, cash equivalents and restricted cash, at the beginning
    of the period

13,974,405
12,027,245
13,158,965
2,042,239
6,397,860
12,168,605
1,888,538
Cash, cash equivalents and restricted cash, at end of the
    period

9,352,185
13,158,965
25,729,211
3,993,111
9,352,185
25,729,211
3,993,111
Supplemental disclosures of cash flow information:
     Cash paid for income tax, net 
948,130
1,240,692
898,112
139,385
1,698,730
2,688,995
417,325
     Cash paid for interest expense 
47,862
48,082
52,765
8,189
199,874
144,749
22,465
The accompanying notes are an integral part of this announcement.
NETEASE, INC.
UNAUDITED SEGMENT INFORMATION
(in thousands, except percentages)
Three Months Ended
 Nine Months Ended
 September 30,  
 June 30, 
 September 30,  
 September 30,  
September 30, 
 September 30,  
September 30, 
2020
2021
2021
2021
2020
2021
2021
RMB
RMB
RMB
USD (Note 1)
RMB
RMB
USD (Note 1)
Net revenues:
Online game services
13,862,035
14,528,082
15,899,070
2,467,497
41,208,535
45,408,936
7,047,356
Youdao
896,041
1,293,407
1,387,292
215,304
2,060,719
4,020,566
623,982
Innovative businesses and others
3,900,146
4,703,012
4,904,387
761,149
10,636,141
13,802,959
2,142,186
Total net revenues
18,658,222
20,524,501
22,190,749
3,443,950
53,905,395
63,232,461
9,813,524
Cost of revenues:
Online game services
(5,044,177)
(4,921,966)
(5,637,027)
(874,853)
(14,905,362)
(15,861,706)
(2,461,698)
Youdao
(484,488)
(616,661)
(601,741)
(93,389)
(1,131,902)
(1,790,817)
(277,930)
Innovative businesses and others
(3,243,714)
(3,796,260)
(4,141,213)
(642,706)
(8,812,491)
(11,526,917)
(1,788,950)
Total cost of revenues
(8,772,379)
(9,334,887)
(10,379,981)
(1,610,948)
(24,849,755)
(29,179,440)
(4,528,578)
Gross profit:
Online game services
8,817,858
9,606,116
10,262,043
1,592,644
26,303,173
29,547,230
4,585,658
Youdao
411,553
676,746
785,551
121,915
928,817
2,229,749
346,052
Innovative businesses and others
656,432
906,752
763,174
118,443
1,823,650
2,276,042
353,236
Total gross profit
9,885,843
11,189,614
11,810,768
1,833,002
29,055,640
34,053,021
5,284,946
Gross profit margin:
Online game services
63.6%
66.1%
64.5%
64.5%
63.8%
65.1%
65.1%
Youdao
45.9%
52.3%
56.6%
56.6%
45.1%
55.5%
55.5%
Innovative businesses and others
16.8%
19.3%
15.6%
15.6%
17.1%
16.5%
16.5%
The accompanying notes are an integral part of this announcement.
NETEASE, INC.
NOTES TO UNAUDITED FINANCIAL INFORMATION
Note 1: The conversion of Renminbi (RMB) into United States dollars (USD) is based on the noon buying rate of USD1.00 = RMB6.4434 on the last trading day of September 2021 (September 30, 2021) as set forth in the H.10 statistical release of the U.S. Federal Reserve Board.
Note 2: Share-based compensation cost reported in the Company’s unaudited condensed consolidated statements of comprehensive income is set out as follows in RMB and USD (in thousands):
Three Months Ended
 Nine Months Ended
September 30, 
June 30,
September 30, 
September 30, 
September 30, 
September 30, 
September 30, 
2020
2021
2021
2021
2020
2021
2021
RMB
RMB
RMB
USD (Note 1)
RMB
RMB
USD (Note 1)
Share-based compensation cost included in:
Cost of revenues
200,116
197,370
180,669
28,039
612,984
565,965
87,836
Operating expenses
– Selling and marketing expenses
25,563
26,434
29,289
4,546
77,408
79,954
12,409
– General and administrative expenses
236,323
258,544
258,805
40,166
714,283
746,952
115,925
– Research and development expenses
214,749
217,766
219,463
34,060
629,835
645,722
100,215
The accompanying notes are an integral part of this announcement.
NETEASE, INC.
UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS
(in thousands, except per share data or per ADS data)
Three Months Ended
 Nine Months Ended
 September 30,  
 June 30, 
 September 30,  
 September 30,  
September 30, 
September 30, 
September 30, 
2020
2021
2021
2021
2020
2021
2021
RMB
RMB
RMB
USD (Note 1)
RMB
RMB
USD (Note 1)
Net income attributable to the Company’s shareholders
2,998,240
3,541,754
3,181,782
493,804
11,087,052
11,162,688
1,732,421
Add: Share-based compensation
671,004
686,111
675,999
104,913
2,021,102
2,003,644
310,961
Non-GAAP net income attributable to the Company’s
    shareholders

3,669,244
4,227,865
3,857,781
598,717
13,108,154
13,166,332
2,043,382
Non-GAAP net income per share *
Basic
1.08
1.26
1.16
0.18
3.99
3.94
0.61
Diluted
1.07
1.25
1.15
0.18
3.94
3.89
0.60
Non-GAAP net income per ADS *
Basic
5.42
6.31
5.80
0.90
19.94
19.70
3.06
Diluted
5.35
6.24
5.74
0.89
19.69
19.46
3.02
*  Each ADS represents five ordinary shares.
The accompanying notes are an integral part of this announcement.
SOURCE NetEase, Inc.
http://ir.netease.com

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Obsessed with Wordle? Here are 10 similar games to play – USA TODAY

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A few weeks ago, several of my friends started posting strange tweets that featured a grid of randomly colored blocks. Across the top of the tweet, it always said “Wordle” followed by several numbers. Eventually, curiosity got the best of me, and that’s how I discovered Wordle—the daily word puzzle that’s skyrocketed into popularity over the last few months. 
If you’re not familiar with it, the concept is simple: You get six chances to guess the day’s five-letter word. After every guess, each letter you input is highlighted in a certain color. Gray means the letter isn’t in the puzzle word, yellow means the color is in the word but not in that spot and green means you put the right letter in the right spot. There’s a new puzzle available every day, and while the idea is basic, the game is strangely addicting.
The only real downside of Wordle is that you can only play once per day, so if you’re craving more brain-busting word puzzles, here are 10 similar word games that will hold you over until tomorrow, including IRL games like Boggle and Bananagrams.
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If you thought to yourself, “Hm, Byrdle sounds just like Wordle,” that’s because it’s the exact same game. Yup, this self-proclaimed parody works exactly the same way as the original, giving you six attempts to guess the five-letter word of the day. 
There are several other Wordle knock-offs, as well. For instance, there’s also Hello Wordl, which has the same concept but lets you choose how many letters the word has, ranging from four to 11. Additionally, you can play Hello Wordl as much as you want—there’s no daily limit.
If you enjoy Scrabble but wish it was a little bit faster, Bananagrams is the perfect alternative. In this award-winning game, each person races to create their own word grid using all their tiles. Once someone uses all their letters, they shout out “Peel!” and everyone is forced to take a new tile. The game continues like this until there are no tiles left, and the person who uses all their letters successfully is the winner. Bananagrams can be played with one to eight players, and it’s incredibly entertaining for all ages. 
Get Bananagrams from Amazon for $14.99
As you become an anagram expert, be sure to try your hand Typeshift, a free word puzzle app. The concept is fairly unique: There are several columns of letters that you can shift up and down to create words in the central row. The goal is to use every letter in every column at least once, and there’s one puzzle available each day. Plus, the puzzles get progressively harder throughout the week.
Download Typeshift from the App Store
This one is a major throwback from my childhood—my brother and I used to play Boggle at our grandparent’s house. It’s a classic word search game that you can play alone or with a group. Basically, there are 16 letter cubes inside the base, and after shaking it up, you have 90 seconds to create as many words as you can using face-up letters on the grid. At the end of the round, you tally up your scores, but watch out—if two or more players find the same word, that word doesn’t count.
There are a few variations of Boggle available, as well, including Big Boggle and Super Big Boggle, both of which feature more letter cubes.
Get Boggle from Amazon for $11.97
There are plenty of apps that offer word games to play on your phone, and Wordscapes is a popular one. It’s essentially a hybrid between a crossword puzzle and an anagram—you get a number of random letters, and you have to create words to fill in the crossword puzzle spaces. Wordscapes is free to play, and there are more than 6,000 puzzles to work through, so it’s sure to keep you busy for a while.
Download Wordscapes from the App Store
Play Four is like a mini crossword puzzle that you complete in a four-by-four grid. There are eight different words you have to guess—four horizontal and four vertical—and you’re given a clue for each word. You’re scored on how many moves and how much time it takes you to finish the puzzle, and there are both regular and expert modes (the former highlights wrong letters on your grid). Similar to Wordle, there’s only one Play Four puzzle available per day. 
Play Play Four at Merriam-Webster
Dabble is a fun spelling game that you can play with the whole family—it supports two to four players ages 8 and up. Each player gets 20 tiles, and it’s a race to create five words using your letters. However, you have to make one two-letter word, one three-letter word, one four-letter word, one five-letter word and one six-letter word. If no one uses up all their letters in five minutes, players are allowed to swap tiles for new ones, and scoring works similarly to Scrabble, with each letter earning certain points.
Get Dabble from Amazon for $29.95
Kitty Letter, which comes from the creators of the popular card game Exploding Kittens, provides a competitive twist on a classic anagram game. In the free app, you go head to head with another player, trying to create words using your letters. Each word you make unleashes an army of cats to battle your opponent—bigger words give you more cats—and the first person to destroy the opposing player’s house wins.
Download Kitty Letter from the App Store
You can keep your family busy on the go with Word Spin, a classic game that’s over 25 years old. It comes with eight magnetic wheels, each of which has 10 letters on it, and the goal is to spin, switch and re-arrange your wheels to create words—the longer and more complex, the better! It can be played by one or two people, and it’s compact enough to play on a car bus, or plane.
Get Word Spin from Amazon for $17.99
Spelling Bee is another word game that you can play right in your web browser. Each puzzle contains seven letters arranged in a honeycomb shape, and you have to make words using them. It’s not that simple, though—each word has to have at least four letters and must include the center letter, which is highlighted in yellow. You can use letters more than once, and you get points for each word you find, earning you a rank somewhere between “beginner” and “genius.”
Play Spelling Bee
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How to turn on AMD's Smart Access Memory for faster gaming performance – PCWorld

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AMD’s Smart Access Memory allows you to combine a Radeon RX 6000 series GPU with a Ryzen processor to unlock even more gaming performance—dramatically so, in some cases.
Before we show you how to enable Smart Access memory, we’ll discuss the hardware requirements. Next, we’ll walk you through how to configure your BIOS to activate SAM. And lastly, we’ll show you how to confirm it’s working. Let’s get smart! (And be sure to check out our explainer on how Smart Access Memory and the Nvidia-equivalent Resizable BAR work).
As per the recommended hardware above, best results will come from the RX 6000 series GPUs and Ryzen 5000 series CPUs. AMD did add select 3000 series CPUs to the mix, but you’ll still need a 500 series motherboard. If you have an Nvidia GPU or Intel CPU, Nvidia has their own version of Resizable BAR support. We’ll update this article to reflect any future guidance on hardware compatibility.
Note: I ran a test on an AMD 5700XT, a previous generation Radeon GPU. Smart Access Memory did show as “enabled” in the Radeon Software settings, but no conclusion as to any performance gain yet. Your mileage may vary.
If you have all the right hardware, flipping on Smart Access Memory only takes a couple of minutes, though it requires delving into your motherboard BIOS. Here’s how to do that:
If you follow the simple steps above, Smart Access Memory will be activated. The most important steps are enabling “Above 4G Decoding” and “Re-Size BAR support.” You’ll also want to make sure CSM is disabled, which is generally the default setting.
By using the latest version of the AMD Radeon Software, we can now confirm that Smart Access Memory is activated. Browse over to the Performance tab and open the Tuning panel. On this page, you’ll find “Smart Access Memory.” Here you can enable or disable the setting. This will give you confirmation that your trip to the BIOS was indeed successful. Have fun playing around with the extra gaming performance!
Note: When you purchase something after clicking links in our articles, we may earn a small commission. Read our affiliate link policy for more details.
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The Best PC Gaming Controller of 2022 – How-To Geek

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PC gaming isn’t just about using a mouse and keyboard: It’s about choice. Some games are just better with a controller in your hands, especially with so many console games launching on PC. But not all controllers are equal.
$54.00
$59.99 Save 10%
$31.49
$44.99 Save 30%
$109.99
$179.99 Save 39%
$89.99
$159.99 Save 44%
$49.99
 
$201.41
$229.99 Save 12%
$206.99
 
David McAdam is a freelance writer from Ireland with several years of experience writing on video games, entertainment and tech. He came to writing after a background in tech retail, so he knows a bargain when he sees one. Read more…
Elizabeth Henges is the Commerce Editor for How-To Geek. She has close to a decade’s experience reporting on tech, gaming, and gadgets. Elizabeth has had her commerce work featured on XDA Developers, The Inventory, and more. She has also written for publications The Washington Post and The Verge. Read more…
What to Look For in a PC Gaming Controller in 2022
Best PC Controller Overall: Xbox Wireless Controller
Best Budget PC Controller: PowerA Spectra
Best Premium PC Controller: Xbox Elite Series 2
Best Wired PC Controller: Razer Wolverine Ultimate
Best PC Controller for Retro Gaming: 8bitdo SN30 Pro+
Best PC Controller for Flight Simulators: Logitech G Saitek X52 Pro
Best PC Fight Stick: Qanba Obsidian
Using a console-style controller with your PC used to be a complicated ordeal. For the longest time, the PC controller was some kind of alien artifact you bought in your local game store. It might have resembled a Playstation or Xbox controller, but it didn’t look or feel right.
Thankfully, PC gaming is much more controller-friendly these days. Now you can plug any modern controller into your computer via USB and it will likely work instantly. With so many options available though, which controller is right for you?
There are a few factors to consider when thinking about buying a PC controller. First and foremost, what are you planning to play? Some games just aren’t suited to a mouse and keyboard. While they are perfect for first-person shooters or real-time strategy games, they’re less ideal for action-adventure or fighting games. Sometimes the keys just can’t give you what an analog stick can, and that’s where controllers come in handy.
That said, there are many options to choose from when buying a controller. There are all kinds of price points and a range of features, as well as game-specific controllers such as arcade sticks for fighting games or HOTAS for flight simulators. Whatever genre you’re playing, there is a perfect controller for you.
So, if you’re a PC player who has yet to invest in a controller, below are some options for various games, styles, and prices!
Pros
Cons
Xbox has been the gold standard of controller design for years now. The Xbox 360 controller was considered the only choice for PC gaming in its day, and that legacy has been passed down through two console generations to its current iteration. The core of the Xbox 360 design is still there, but it has been refined and tweaked into the best controller readily available on the market today.
The modern Xbox Wireless Controller is light, durable, and well-made, being ergonomic and with grips built into the design. The controller can be connected wirelessly via Bluetooth or with a USB wireless adapter, although this isn’t required—you can also simply plug it in with a USB-C cable and get to gaming.
Unfortunately, first-party controllers are not the cheapest. The Xbox Wireless Controller is $60—cheaper than the Sony DualSense, but still more expensive than most third-party options on the market. That said, they are high-quality controllers and good value for the cost.
A modern classic, the Xbox controller is practical, easy to use and reliable, making it perfect for most PC gamers.
$54.00
$59.99 Save 10%
Pros
Cons
Is the PowerA Spectra an Xbox controller in all ways but the name? Pretty much. It’s not completely identical to Xbox’s offering, it’s certainly a cheaper version of it.
If you’ve ever used an Xbox-styled, third-party controller you’ll know they never feel quite right. Just not quite the same as the official controller, even though PowerA’s controller works pretty well. Is that a huge deal? That depends on what you’re looking for.
Typically, value is associated with use. The reason we recommend the more expensive Xbox controller as the best overall is that for extended use, it’s great value for money. If you don’t see yourself using a controller much for your PC gaming, but want to have one for those rare times you need one, it’s worth considering the Spectra instead. The controller is wired, so there’s no extra fuss about finding a spare wire or setting up a wireless connection.
Basically, the PowerA Spectra is cheap and convenient. It’s a great option for someone who just needs a controller handy for occasional use, or as a backup controller.
The PowerA Spectra is a great option on a cheaper budget that does the job and does it well.
$31.49
$44.99 Save 30%
Pros
Cons
The Xbox Elite Series 2 is the gold standard of controllers. But like gold, it doesn’t come cheap.
The build quality is superb, it has sleek and satisfying back paddles, the analog sticks and directional pad are swappable, and the buttons are easily remapped both on Xbox and PC. All of this is for less than what many of the third-party alternatives would ask for something similar, as well.
But when we say premium, we mean premium. These controllers are nearly $200, a big step up in price from the $60 you pay for the normal Xbox controller. An Elite S2 is a big financial commitment, and a hard one to justify.
The original Elite controller was also great, apart from an issue where the grips started to peel off after extended use. Thankfully, this revised version has the grips integrated into the body so that peeling should no longer be a problem.
The Elite Series 2 of the controller is a refinement of an excellent formula, as near perfection as is available today. If you’re looking to splash out and you want the best controller for your money, this is the best choice for you.
As well-designed and feature-rich as a controller gets, the Elite Series 2 is the pinnacle of gaming with a controller.
$109.99
$179.99 Save 39%
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There are plenty of reasons to prefer to keep your controllers wired. Even though wireless has become the standard with consoles, running a wireless controller on a PC can be a hassle.
Luckily, there is a high-quality option that not only includes those who prefer a wired controller, it caters to them specifically. We are talking about the Razer Wolverine series of controllers, or more specifically the Razer Wolverine Ultimate.
Razer is no stranger to the controller market. Few of their releases are as popular as the Wolverine though, an Xbox controller of Razer’s own design. While being unusually designed for wired use only, it boasts many of the features found on the Xbox Elite controllers. It has extra buttons, remappable controls, swappable sticks, and a d-pad. In fact, the Wolverine has two more buttons than the Elite, with two extra shoulder buttons.
The face buttons have a distinct clicky feel and sound, not unlike the clicking of a mouse. Further similarities to other Razer products include the absolutely extra RGB light strip across the top of the controller. It’s not a proper Razer product unless it lights up!
In many ways, the Wolverine is the Xbox Elite controller for the PC die-hard. Although this controller is also compatible with the Xbox, this is a PC peripheral through and through.
At a cheaper price than the Elite Series 2, this controller is a top contender. Its layout and design are different than the Series 2, though, so it would be worth looking into should you be tempted to grab this more affordable alternative.
The PC player’s controller, The Wolverine Ultimate is a Razer product through and through. It rivals the Elite Series 2 in function, with a style of its own.
$89.99
$159.99 Save 44%
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These days, PC gaming is pretty much all-encompassing. There are few things you can’t do on the platform, and many people play all kinds of classic retro games that were meant for PC. In fact, It is likely that the vast majority of people playing retro games these days do so using a PC or a Raspberry Pi.
The SN30 Pro+ from 8bitdo is the PC retro gamer’s dream controller. This was designed to bring modern features and sensibilities to a classic design. Based on the Super Nintendo controller, the SN30 Pro+ takes that familiar shape and adds modern features (like analog sticks and ergonomic grips) to make it useable with whatever game you’d like to play.
8bitdo knows how to make a controller with all the functionality you would want, and ground it in nostalgia. This controller is an absolute must-buy for retro fans.
The SN30+ Pro controller is an absolute must-buy for retro fans, being an affordable, nostalgia driven controller.
$49.99
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With the popularity of the new Microsoft Flight Simulator came a wave of interest in flight controllers, better known as HOTAS (Hands-On Throttle and Stick). These are the aircraft simulator equivalent of a driving wheel.
There are quite a few options in this space, with a pretty huge range in price. For our choice, we tried to balance price with quality, and we landed on the Logitech G Saitek X52 Pro.
The X52 Pro comes as two separated units—since the stick and the throttle are not attached, so placing them on your desk should be a lot easier than the competition. The X52 Pro is also well suited for VR, as unlike the newer X56 this model has all of its buttons on the controls themselves. Knowing where your buttons are and what they do is vital for VR, so if that’s your aim, this is the flight stick to get.
Outside of VR, one of the useful features of this HOTAS is the LCD display on the throttle. This handy little screen can display things like date and time, it can also show your current profile so you know what your button set up is.
If at any time you are unsure what a button does, holding the small button on the back of the throttle and pressing any other button will have the LCD screen display what that button does.
The control stick has plenty of useful features too. It does all of the expected things like roll and yaw, it can even rotate for pitch if you want it to. The X52 Pro has several buttons on it for plenty of functions, including a dual trigger and a pinky trigger with adjustable height to accommodate different hand sizes.
Best of all, it has a button front and center on the stick with a little flap covering it. There is nothing better than a bit of stylish flair.
A sturdy and classic design, this well-featured HOTAS is ideal for new flight sim fans and returning enthusiasts.
$201.41
$229.99 Save 12%
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The days where you felt like you needed a fight stick to play fighting games have come and gone, but that doesn’t mean we have to give them up. These days, fight sticks are more of a personal preference than something you need to be taken seriously. If an arcade stick feels like the right input method for you, our recommendation is the Qanba Obsidian.
Fight sticks are premium controllers and often come at a premium price. The Obsidian is not cheap, usually coming in around $200. In the realm of fight sticks, though, that’s about a mid-range price that makes sure the fight stick is still quality. You wouldn’t want to spend under a hundred dollars if you want a decent stick, so let’s talk about why this one is worth the extra cost.
First, the build quality is fantastic. The Obsidian has genuine metal parts, where many fight sticks have plastic with metallic paint jobs. The main faceplate and both side sections of the stick are metal. The knob of the joystick itself is also brushed metal, giving the whole package a premium feel.
This also gives the unit a good weight, giving it that crucial stability you want in an arcade stick. The Obsidian isn’t going to move much at all in your lap. As great as it is out of the box, It’s also a fantastic option for those who like to modify their sticks. If you find yourself wanting to change out the Sanwa OBSF-30 buttons that come with the Obsidian, it’s very easy to do.
If you are a fighting game fan looking to invest in your hobby and maybe step up your game, a decent fight stick is what you want. To get a top-quality stick for a reasonable price with the potential for future modifications, check out the Qanba Obsidian.
The Qanba Obsidian is a superbly designed fight stick with excellent hardware and a sleek design.
$206.99
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