Date | Price Target | Rating | Analyst |
---|---|---|---|
6/13/2024 | $104.00 | Equal Weight | Barclays |
5/23/2024 | $100.00 | Overweight → Equal-Weight | Morgan Stanley |
4/12/2024 | $135.00 → $120.00 | Overweight | Morgan Stanley |
1/11/2024 | $126.00 | Outperform | Macquarie |
6/5/2023 | Outperform | Bernstein | |
3/1/2023 | $85.00 → $100.00 | Neutral → Overweight | JP Morgan |
9/7/2022 | $120.00 → $90.00 | Overweight → Neutral | JP Morgan |
7/5/2022 | $129.00 | Outperform | Macquarie |
HANGZHOU, China, Aug. 22, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ:NTES, ", NetEase", or the ", Company", ))), a leading internet and game services provider, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Net revenues were RMB25.5 billion (US$3.5 billion), an increase of 6.1% compared with the same quarter of 2023.Games and related value-added services net revenues were RMB20.1 billion (US$2.8 billion), an increase of 6.7% compared with the same quarter of 2023.Youdao net revenues were RMB1.3 billion (US$181.9 million), an increase of 9.5% compared with the same quarter of 2023.Cloud Music net revenues w
HANGZHOU, China, Aug. 22, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced its financial results for the first half of 2024 ended June 30, 2024. Summary of Key Financial Metrics (RMB in thousands, unless otherwise stated) Six months ended 30 June 2024 2023 (Unaudited) (Unaudited) Revenue 4,070,493 3,908,380 Gross profit 1,425,731 965,147 Profit before income tax 813,578 311,961 Profit for the period 809,949 293,750 Non-IFRS measure: Adjusted net profit (1) 880,749 331,893 First Half 2024 Key Financial Highlights Revenue was RMB4.1 billion, an increase of 4.1% compared
HANGZHOU, China, Aug. 22, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE:DAO), an intelligent learning company with industry-leading technology in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Total net revenues were RMB1.3 billion (US$181.9 million), representing a 9.5% increase from the same period in 2023.- Net revenues from learning services were RMB643.8 million (US$88.6 million), representing a 5.5% decrease from the same period in 2023.- Net revenues from smart devices were RMB166.7 million (US$22.9 million), representing a 25.0% decrease from the same period in 2023.- N
HANGZHOU, China, June 16, 2022 /PRNewswire/ -- NetEase Games, the online games division of NetEase, Inc. (NASDAQ:NTES, HKEX: 9999))), is excited to announce the appointment of Emile Liang as a Lead Producer of its Montréal Studio. Emile brings the studio more than two decades of rich industry expertise in triple-A game production. Located in Quebec, Canada, NetEase Games Montréal is a significant part of the Company's global strategy. The studio is dedicated to making contact with online gamers, talent and business partners in North America, and bringing top-quality games to international markets. As a 23-year veteran at Ubisoft, Emile has worked on seven shipped triple-A titles, the most re
6-K - NetEase, Inc. (0001110646) (Filer)
N-PX - NetEase, Inc. (0001110646) (Filer)
6-K - NetEase, Inc. (0001110646) (Filer)
HANGZHOU, China, Aug. 22, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ:NTES, ", NetEase", or the ", Company", ))), a leading internet and game services provider, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Net revenues were RMB25.5 billion (US$3.5 billion), an increase of 6.1% compared with the same quarter of 2023.Games and related value-added services net revenues were RMB20.1 billion (US$2.8 billion), an increase of 6.7% compared with the same quarter of 2023.Youdao net revenues were RMB1.3 billion (US$181.9 million), an increase of 9.5% compared with the same quarter of 2023.Cloud Music net revenues w
HANGZHOU, China, Aug. 22, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced its financial results for the first half of 2024 ended June 30, 2024. Summary of Key Financial Metrics (RMB in thousands, unless otherwise stated) Six months ended 30 June 2024 2023 (Unaudited) (Unaudited) Revenue 4,070,493 3,908,380 Gross profit 1,425,731 965,147 Profit before income tax 813,578 311,961 Profit for the period 809,949 293,750 Non-IFRS measure: Adjusted net profit (1) 880,749 331,893 First Half 2024 Key Financial Highlights Revenue was RMB4.1 billion, an increase of 4.1% compared
HANGZHOU, China, Aug. 22, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE:DAO), an intelligent learning company with industry-leading technology in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Total net revenues were RMB1.3 billion (US$181.9 million), representing a 9.5% increase from the same period in 2023.- Net revenues from learning services were RMB643.8 million (US$88.6 million), representing a 5.5% decrease from the same period in 2023.- Net revenues from smart devices were RMB166.7 million (US$22.9 million), representing a 25.0% decrease from the same period in 2023.- N
SC 13G/A - NetEase, Inc. (0001110646) (Subject)
Barclays initiated coverage of NetEase with a rating of Equal Weight and set a new price target of $104.00
Morgan Stanley downgraded NetEase from Overweight to Equal-Weight and set a new price target of $100.00
Morgan Stanley reiterated coverage of NetEase with a rating of Overweight and set a new price target of $120.00 from $135.00 previously
NetEase Inc (NASDAQ:NTES) shares experienced their most enormous intraday surge in a month in Hong Kong as the company prepares to launch the mobile version of its major summer release, Naraka Bladepoint. The Hangzhou-based publisher expects to generate 6.4 billion yuan ($880 million) in sales from the game over its first 12 months, with Naraka Mobile contributing 6% to 7% of overall revenue growth during that period, Bloomberg reports. NetEase stock is up 2.2% in Wednesday’s trading session. NetEase has already garnered over 40 million pre-registrations for the freemium mobile game. Previously, Naraka Bladepoint attracted over 40 million PC players, and the company expects the mobile
NetEase Inc (NASDAQ:NTES) shares are trading higher by 2.74% to $93.85 during Monday’s session amid strength in Chinese stocks are trading higher after China lowered key interest rates. Lower interest rates typically reduce borrowing costs for consumers. This can lead to increased discretionary spending as consumers have more disposable income. NetEase, being a major player in online gaming and digital entertainment, would benefit from higher consumer spending on its platforms and services. The rate cuts are aimed at stimulating the broader economy by encouraging investment and consumption. An improved economic outlook generally boosts investor confidence, leading to higher stock price