NTES Stock - NetEase, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $105.30B | $103.47B | $96.50B | $87.61B | $73.67B |
| Gross Profit | $65.81B | $63.06B | $52.77B | $46.97B | $38.98B |
| Gross Margin | 62.5% | 60.9% | 54.7% | 53.6% | 52.9% |
| Operating Income | $29.58B | $27.71B | $19.63B | $16.42B | $14.54B |
| Net Income | $29.70B | $29.42B | $20.34B | $16.86B | $12.06B |
| Net Margin | 28.2% | 28.4% | 21.1% | 19.2% | 16.4% |
| EPS | $46.40 | $45.75 | $31.15 | $25.35 | $18.25 |
NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally. The company operates through Games and Related Value-Added Services; Youdao; Cloud Music; and Innovative Businesses and Others segments. 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; Youdao Translation, a tool specifically designed to support translation needs of business and leisure travelers; U-Dictionary, an online dictionary and translation app; Youdao Kids' Dictionary, a smart and fun tool; smart devices, such as Youdao Dictionary Pen, Youdao Smart Learning Pad, and Youdao Listening Pod; online courses; interactive learning apps; and education digitalization solutions, such as Youdao Smart Learning Terminal, a device that automates paper-based homework processing; Youdao Smart Cloud, a cloud-based platform that allows third-party app developers, smart device brands, and manufacturers to the company's OCR capabilities; and Youdao Sports, a sports-centric educational system. Its products and services include NetEase Cloud Music, a music streaming platform; Yanxuan, an e-commerce platform, which sells private label products; www.163.com portal and related mobile app, Wangyi Xinwen, which deliver information such as news, sports events, technology, fashion trends, and online entertainment; 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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 3rd 2025 | Arete | Upgrade | Buy | $150 |
| July 28th 2025 | JP Morgan | Downgrade | Neutral | $140 |
| May 12th 2025 | Deutsche Bank | Initiation | Buy | $130 |
| January 8th 2025 | Morgan Stanley | Upgrade | Overweight | $108← $90 |
| June 13th 2024 | Barclays | Initiation | Equal Weight | $104 |
| May 23rd 2024 | Morgan Stanley | Downgrade | Equal Weight | $100 |
| April 12th 2024 | Morgan Stanley | Reiterated | Overweight | $120← $135 |
| January 11th 2024 | Macquarie | Resumed | Outperform | $126 |
| June 5th 2023 | Bernstein | Initiation | Outperform | - |
| March 1st 2023 | JP Morgan | Upgrade | Overweight | $100← $85 |
| September 7th 2022 | JP Morgan | Downgrade | Neutral | $90← $120 |
| July 5th 2022 | Macquarie | Initiation | Outperform | $129 |
| May 16th 2022 | JP Morgan | Upgrade | Overweight | $120← $60 |
| April 11th 2022 | Goldman | Resumed | Buy | $132 |
Earnings History & Surprises
NTESEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 13, 2026 | — | — | — | — |
Q1 2026 | Feb 19, 2026 | $2.02 | — | — | — |
Q4 2025 | Nov 20, 2025 | $2.08 | $2.07 | -0.5% | ✗ MISS |
Q3 2025 | Aug 14, 2025 | $2.04 | $2.07 | +1.5% | ✓ BEAT |
Q2 2025 | May 15, 2025 | $2.01 | $2.41 | +19.9% | ✓ BEAT |
Q1 2025 | Mar 6, 2025 | $1.73 | $1.42 | -17.9% | ✗ MISS |
Q4 2024 | Nov 14, 2024 | $1.74 | $1.44 | -17.2% | ✗ MISS |
Q3 2024 | Aug 22, 2024 | $1.79 | $1.66 | -7.3% | ✗ MISS |
Q2 2024 | May 23, 2024 | $1.85 | $1.81 | -2.2% | ✗ MISS |
Q1 2024 | Feb 29, 2024 | $1.80 | $1.60 | -11.1% | ✗ MISS |
Q4 2023 | Nov 16, 2023 | $1.65 | $1.82 | +10.3% | ✓ BEAT |
Q3 2023 | Aug 24, 2023 | $1.33 | $1.91 | +43.6% | ✓ BEAT |
Q2 2023 | May 25, 2023 | $1.31 | $1.69 | +29.0% | ✓ BEAT |
Q1 2023 | Feb 23, 2023 | $1.28 | $1.07 | -16.4% | ✗ MISS |
Q4 2022 | Nov 17, 2022 | $1.12 | $1.59 | +42.0% | ✓ BEAT |
Q3 2022 | Aug 18, 2022 | $1.07 | $1.22 | +14.0% | ✓ BEAT |
Q2 2022 | May 24, 2022 | $1.15 | $1.22 | +6.1% | ✓ BEAT |
Q1 2022 | Feb 24, 2022 | $0.77 | $1.34 | +74.0% | ✓ BEAT |
Q4 2021 | Nov 16, 2021 | $0.68 | $0.73 | +7.4% | ✓ BEAT |
Q3 2021 | Aug 31, 2021 | $0.78 | $0.81 | +3.8% | ✓ BEAT |
Latest News
Barclays Maintains Equal-Weight on NetEase, Raises Price Target to $135
➖ NeutralBenchmark Maintains Buy on NetEase, Raises Price Target to $158
📈 PositiveNTES stock has given up its prior loss. NetEase shares were trading lower after the company reported mixed Q3 financial results.
➖ NeutralNetEase shares are trading lower after the company reported mixed Q3 financial results.
📉 NegativeUPDATE: NetEase Q3 Adj. EPADS $2.07 Beats $1.88 Estimate
📈 PositiveNetEase Q3 Adj. EPS $2.09 Beats $1.88 Estimate, Sales $3.984B Miss $4.110B Estimate
➖ NeutralBarclays Maintains Equal-Weight on NetEase, Raises Price Target to $120
📈 PositiveNetEase stock slides after core games business fails to shine in Q2
📉 NegativeNetEase shares jump after gaming unit shines in Q1
📈 PositiveFrequently Asked Questions about NTES
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