0737 GMT - NetEase could unveil details about its next big game title at its coming annual product event, HSBC analysts say in a research note. "Ananta" is a cross-platform self-developed title that could have a high profit margin, the analysts say, adding that it could be released in early 2026 to capture users ahead of competitors. HSBC expects NetEase's 1Q revenue to grow 6% on year, with game revenue up 10%. While PC game revenue likely jumped 78% in 1Q on year, NetEase's mobile-game revenue likely dropped 9%, the analysts say. Yet, they think NetEase's momentum in the sector is improving as the company is tweaking its strategies for "Marvel Rivals" and "Naraka: Bladepoint" to improve performance. HSBC maintains a buy call on NetEase with its target price at HK$120.00. Shares are last at HK$165.40. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 03:37 ET (07:37 GMT)
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