NetEase (NTES) 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.

The company's shares were up 3.6% in recent premarket activity.