NetEase, Inc. provides online services focusing on gaming, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Games Services, Youdao, and Innovative Businesses and Others. It develops and operates PC and mobile games, as well as offers games licensed from other game developers. The company's products and services include Youdao Dictionary, an online knowledge tool; smart devices, such as Youdao Smart Pen, Youdao Dictionary Pen, Youdao Pocket Translator, and Youdao Cloud Pen; online courses; interactive learning apps; and enterprise services, such as Youdao Smart Cloud, a cloud-based platform that helps third-party app developers, smart device brands, and manufacturers to access its optical character recognition capability and neural machine translation engine. Its products and services also include NetEase Cloud Music, a music streaming platform; Yanxuan, an e-commerce platform, which sells private label products, including consumer electronics, food, apparel, homeware, kitchenware, and other general merchandise; NetEase Media, an internet media platform; NetEase Mail, an email service; NetEase CC Live streaming, a live streaming platform with a focus on game broadcasting; and NetEase Pay, a payment platform. The company was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. NetEase, Inc. was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.
IPO Year:
Exchange: NASDAQ
Website: ir.netease.com
| 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 |
| 5/16/2022 | $60.00 → $120.00 | Underweight → Overweight | JP Morgan |
| 4/11/2022 | $132.00 | Buy | Goldman |
SC 13G/A - NetEase, Inc. (0001110646) (Subject)
HANGZHOU, China, Nov. 14, 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 third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net revenues were RMB26.2 billion (US$3.7 billion), a decrease of 3.9% compared with the same quarter of 2023.Games and related value-added services net revenues were RMB20.9 billion (US$3.0 billion), a decrease of 4.2% compared with the same quarter of 2023.Youdao net revenues were RMB1.6 billion (US$224.1 million), an increase of 2.2% compared with the same quarter of 2023.NetEase Cloud Music net re
HANGZHOU, China, Nov. 14, 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 third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Total net revenues were RMB1.6 billion (US$224.1 million), representing a 2.2% increase from the same period in 2023.- Net revenues from learning services were RMB767.9 million (US$109.4 million), representing a 19.2% decrease from the same period in 2023.- Net revenues from smart devices were RMB315.3 million (US$44.9 million), representing a 25.2% increase from the same period in 202
BEIJING, Nov. 14, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE:DAO), an intelligent learning company with industry-leading technology in China, today announced that it will hold its annual general meeting of shareholders (the "AGM") at its offices at Building No.7, West Zone, Zhongguancun Software Park (Phase II), No.10 Xibeiwang East Road, Haidian District, Beijing, People's Republic of China on December 12, 2024 at 3:00 p.m. – 5:00 p.m. (Beijing Time). No proposal will be submitted for shareholder approval at the AGM. Instead, the AGM will serve as an open forum for shareholders and beneficial owners of the Company's American Depositary Shares ("ADSs") to discuss Com
HANGZHOU, China, Oct. 31, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE:DAO), an intelligent learning company with industry-leading technology in China, today announced that it will report its third quarter 2024 financial results on Thursday, November 14, 2024, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 5:00 a.m. Eastern Time on Thursday, November 14, 2024 (Beijing/Hong Kong Time: 6:00 p.m., Thursday, November 14, 2024). Youdao's management will be on the call to discuss the quarterly results and answer questions. Dial-in details for the earnings conference call are as follows: United States (toll
HANGZHOU, China, Oct. 31, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ:NTES, ", NetEase", or the ", Company", )), a leading internet and game services provider, today announced that it will report financial results for the 2024 third quarter on Thursday, November 14, 2024, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 7:00 a.m. Eastern Time on Thursday, November 14, 2024 (Beijing/Hong Kong Time: 8:00 p.m., Thursday, November 14, 2024). 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 1-914-202-3258 and providin
HANGZHOU, China, Oct. 23, 2024 /PRNewswire/ -- NetEase Cloud Music, a leading online music platform in China, has joined forces with Kakao Entertainment, a prominent South Korean entertainment company, to premiere new K-POP songs in China. Starting October 24, 2024, NetEase Cloud Music will exclusively feature Kakao Entertainment's latest music releases for the first 30 days concurrent with their global launch. Kakao Entertainment boasts a broad portfolio that spans music, online fiction and comics, film, and media. The company's music division features an expansive library with over tens of thousands of tracks from hundreds of renowned artists. By leveraging its global music distribution n
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, Aug. 5, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899 or the "Company"), a leading interactive music streaming service provider in China, today announced that it will report its financial results for the first half of 2024 ended June 30, 2024 on Thursday, August 22, 2024, after the Hong Kong market closes. The Company's management will host an earnings conference call at 7:00 p.m. Beijing/Hong Kong Time on Thursday, August 22, 2024 (7:00 a.m. U.S. Eastern Time on the same day). Details for the conference call are as follows: Event Title: Cloud Music Inc. First Half 2024 Earnings Conference CallRegistration Link: https://s1.c-conf.com/diamondpass/10040870-8sjfhy.html All
HANGZHOU, China, Nov. 14, 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 third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net revenues were RMB26.2 billion (US$3.7 billion), a decrease of 3.9% compared with the same quarter of 2023.Games and related value-added services net revenues were RMB20.9 billion (US$3.0 billion), a decrease of 4.2% compared with the same quarter of 2023.Youdao net revenues were RMB1.6 billion (US$224.1 million), an increase of 2.2% compared with the same quarter of 2023.NetEase Cloud Music net re
HANGZHOU, China, Nov. 14, 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 third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Total net revenues were RMB1.6 billion (US$224.1 million), representing a 2.2% increase from the same period in 2023.- Net revenues from learning services were RMB767.9 million (US$109.4 million), representing a 19.2% decrease from the same period in 2023.- Net revenues from smart devices were RMB315.3 million (US$44.9 million), representing a 25.2% increase from the same period in 202
HANGZHOU, China, Oct. 31, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE:DAO), an intelligent learning company with industry-leading technology in China, today announced that it will report its third quarter 2024 financial results on Thursday, November 14, 2024, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 5:00 a.m. Eastern Time on Thursday, November 14, 2024 (Beijing/Hong Kong Time: 6:00 p.m., Thursday, November 14, 2024). Youdao's management will be on the call to discuss the quarterly results and answer questions. Dial-in details for the earnings conference call are as follows: United States (toll
HANGZHOU, China, Oct. 31, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ:NTES, ", NetEase", or the ", Company", )), a leading internet and game services provider, today announced that it will report financial results for the 2024 third quarter on Thursday, November 14, 2024, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 7:00 a.m. Eastern Time on Thursday, November 14, 2024 (Beijing/Hong Kong Time: 8:00 p.m., Thursday, November 14, 2024). 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 1-914-202-3258 and providin
HANGZHOU, China, Oct. 23, 2024 /PRNewswire/ -- NetEase Cloud Music, a leading online music platform in China, has joined forces with Kakao Entertainment, a prominent South Korean entertainment company, to premiere new K-POP songs in China. Starting October 24, 2024, NetEase Cloud Music will exclusively feature Kakao Entertainment's latest music releases for the first 30 days concurrent with their global launch. Kakao Entertainment boasts a broad portfolio that spans music, online fiction and comics, film, and media. The company's music division features an expansive library with over tens of thousands of tracks from hundreds of renowned artists. By leveraging its global music distribution n
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, Aug. 5, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899 or the "Company"), a leading interactive music streaming service provider in China, today announced that it will report its financial results for the first half of 2024 ended June 30, 2024 on Thursday, August 22, 2024, after the Hong Kong market closes. The Company's management will host an earnings conference call at 7:00 p.m. Beijing/Hong Kong Time on Thursday, August 22, 2024 (7:00 a.m. U.S. Eastern Time on the same day). Details for the conference call are as follows: Event Title: Cloud Music Inc. First Half 2024 Earnings Conference CallRegistration Link: https://s1.c-conf.com/diamondpass/10040870-8sjfhy.html All
HANGZHOU, China, Aug. 5, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ:NTES, ", NetEase", or the ", Company", ))), a leading internet and game services provider, today announced that it will report financial results for the 2024 second quarter on Thursday, August 22, 2024, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 8:00 a.m. Eastern Time on Thursday, August 22, 2024 (Beijing/Hong Kong Time: 8:00 p.m., Thursday, August 22, 2024). 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 1-914-202-3258 and providing con
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
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
Macquarie resumed coverage of NetEase with a rating of Outperform and set a new price target of $126.00
Bernstein initiated coverage of NetEase with a rating of Outperform
JP Morgan upgraded NetEase from Neutral to Overweight and set a new price target of $100.00 from $85.00 previously
JP Morgan downgraded NetEase from Overweight to Neutral and set a new price target of $90.00 from $120.00 previously
Macquarie initiated coverage of NetEase with a rating of Outperform and set a new price target of $129.00
JP Morgan upgraded NetEase from Underweight to Overweight and set a new price target of $120.00 from $60.00 previously
Goldman resumed coverage of NetEase with a rating of Buy and set a new price target of $132.00
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
Tencent Holdings ADR (OTC:TCEHY) has announced plans to terminate Synced, its free-to-play co-op shooter, just a year after its launch. Developed by NExT Studios and published by Tencent’s global games brand, Level Infinite, Synced hit the market in September 2023, IGN reported. See Also: How Tencent’s New Mobile Ventures Aim To Mimic Palworld’s Global Success Although the game had an initial peak of 10,272 concurrent players on Steam, its player base quickly dwindled. By October, it struggled to maintain even 1,000 concurrent players, with current numbers barely reaching 23. Reviews on Steam have also plummeted from ‘mixed’ to ‘mostly negative’. In a statement, Tencent confirme
Across the recent three months, 7 analysts have shared their insights on NetEase (NASDAQ:NTES), expressing a variety of opinions spanning from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 2 0 0 2M Ago 1 0 1 0 0 3M Ago 1 1 0 0 0 Analysts have set 12-month price targets for NetEase, revealing an average target of $113.57, a high estimate of $145.00, and a low estimate of $100.00. This current average has decreased
Morgan Stanley analyst Alex Poon maintains NetEase (NASDAQ:NTES) with a Equal-Weight and maintains $100 price target.
Morgan Stanley analyst Alex Poon maintains NetEase (NASDAQ:NTES) with a Equal-Weight and maintains $100 price target.
Tencent Holdings (OTC:TCEHY) and Alibaba Group Holding (NYSE:BABA) have received approval from China for 104 new video games this month, marking a positive shift for the country’s gaming industry. SCMP reports that the National Press and Publication Administration (NPPA) approved Tencent’s online role-playing game Roco Kingdom: World and Alibaba’s Ruyuan from its Lingxi Games studio. The update boosted Chinese gaming company NetEase, Inc. (NASDAQ:NTES) stock. Also Read: NetEase’s Q1 Earnings: Gaming Giant Shows Resilience with Growth in Cash Flow and Cloud Music This month’s approvals reflect a rebound for the gaming industry. After fewer than 100 titles were approved in April an
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Tuesday. Shares of NextEra Energy, Inc. (NYSE:NEE) fell sharply in today's pre-market trading after the company announced plans to sell equity units. After the market close on Monday, NextEra Energy announced that it intends to sell $2 billion of equity units consisting of a contract to purchase NextEra Energy common stock and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings debenture due June 1, 2029. Each unit will be issued for $50. AMC Networks shares dipped 7.6% to $66.81 in pre-market trading. Here are some big stocks recording losses in today's pre-ma
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13F-HR - NetEase, Inc. (0001110646) (Filer)
6-K - NetEase, Inc. (0001110646) (Filer)
S-8 POS - NetEase, Inc. (0001110646) (Filer)
6-K - NetEase, Inc. (0001110646) (Filer)
N-PX - NetEase, Inc. (0001110646) (Filer)
6-K - NetEase, Inc. (0001110646) (Filer)
13F-HR - NetEase, Inc. (0001110646) (Filer)
6-K - NetEase, Inc. (0001110646) (Filer)
6-K - NetEase, Inc. (0001110646) (Filer)