Market Likely Overly Optimistic on NetEase's 2Q Results -- Market Talk

Dow Jones

07/17

0336 GMT - The market is likely overly bullish on NetEase's 2Q results after the strong 1Q beat, Nomura analysts say in a research note. They project 2Q revenue for NetEase's online gaming and value-added services segment to have risen 12% on year, below consensus expectations for 17% growth. Revenue growth for NetEase's 2Q PC gaming revenue may have slowed to a forecast 62% from 1Q's 85% due to normalized performance of the two recent new titles, "Marvel Rivals" and "Where Winds Meet," the analysts say. However, NetEase's margins likely improved further due to expanded gross profit margin for the nongaming business, they add. Nomura maintains a buy call on NetEase and raises its H-share target price to HK$242.00 from HK$233.00. Shares are last at HK$208.20. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

July 16, 2025 23:36 ET (03:36 GMT)

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They project 2Q revenue for NetEase's online gaming and value-added services segment to have risen 12% on year, below consensus expectations for 17% growth. Revenue growth for NetEase's 2Q PC gaming revenue may have slowed to a forecast 62% from 1Q's 85% due to normalized performance of the two recent new titles, \"Marvel Rivals\" and \"Where Winds Meet,\" the analysts say. However, NetEase's margins likely improved further due to expanded gross profit margin for the nongaming business, they add. Nomura maintains a buy call on NetEase and raises its H-share target price to HK$242.00 from HK$233.00. Shares are last at HK$208.20. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 16, 2025 23:36 ET (03:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Likely Overly Optimistic on NetEase's 2Q Results -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Likely Overly Optimistic on NetEase's 2Q Results -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-17 11:36</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0336 GMT - The market is likely overly bullish on <a href=\"https://laohu8.com/S/NTES\">NetEase</a>'s 2Q results after the strong 1Q beat, <a href=\"https://laohu8.com/S/NMR\">Nomura</a> analysts say in a research note. They project 2Q revenue for NetEase's online gaming and value-added services segment to have risen 12% on year, below consensus expectations for 17% growth. Revenue growth for NetEase's 2Q PC gaming revenue may have slowed to a forecast 62% from 1Q's 85% due to normalized performance of the two recent new titles, \"Marvel Rivals\" and \"Where Winds Meet,\" the analysts say. However, NetEase's margins likely improved further due to expanded gross profit margin for the nongaming business, they add. Nomura maintains a buy call on NetEase and raises its H-share target price to HK$242.00 from HK$233.00. Shares are last at HK$208.20. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 16, 2025 23:36 ET (03:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1152091168.USD","symbol_name":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2552772091","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552772091","pubTimestamp":1752723360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0336 GMT - The market is likely overly bullish on NetEase's 2Q results after the strong 1Q beat, Nomura analysts say in a research note. They project 2Q revenue for NetEase's online gaming and value-added services segment to have risen 12% on year, below consensus expectations for 17% growth. Revenue growth for NetEase's 2Q PC gaming revenue may have slowed to a forecast 62% from 1Q's 85% due to normalized performance of the two recent new titles, \"Marvel Rivals\" and \"Where Winds Meet,\" the analysts say. However, NetEase's margins likely improved further due to expanded gross profit margin for the nongaming business, they add. Nomura maintains a buy call on NetEase and raises its H-share target price to HK$242.00 from HK$233.00. Shares are last at HK$208.20. 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They project 2Q revenue for NetEase's online gaming and value-added services segment to have risen 12% on year, below consensus expectations for 17% growth. Revenue growth for NetEase's 2Q PC gaming revenue may have slowed to a forecast 62% from 1Q's 85% due to normalized performance of the two recent new titles, \"Marvel Rivals\" and \"Where Winds Meet,\" the analysts say. However, NetEase's margins likely improved further due to expanded gross profit margin for the nongaming business, they add. Nomura maintains a buy call on NetEase and raises its H-share target price to HK$242.00 from HK$233.00. Shares are last at HK$208.20. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 16, 2025 23:36 ET (03:36 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}