NetEase's 3Q Game Gross Receipts Set for Sequential Improvement -- Market Talk

Dow Jones

08/15

0404 GMT - NetEase's game gross receipts are likely to improve sequentially in 3Q on major game updates, Daiwa analysts say in a research note. Major updates of legacy titles such as "Once Human" and "Identity V" happened in July, with strong momentum heading into 3Q, they say. Given the low base in 2H 2024 due to the adjustments for "Fantasy Westward Journey" and "Eggy Party," Daiwa expects revenue growth in online games to accelerate to 16.5% on year in 3Q. Meanwhile, the recently launched "Marvel Mystic Mayhem" still has a chance to improve its gross receipts, as NetEase plans content updates every six weeks to maintain its one million player base, they add. Daiwa raises its target price on the Chinese videogame company to HK$260.00 from HK$235.00 while keeping a buy rating. Shares are last at HK$204.80. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

August 15, 2025 00:04 ET (04:04 GMT)

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Major updates of legacy titles such as \"Once Human\" and \"Identity V\" happened in July, with strong momentum heading into 3Q, they say. Given the low base in 2H 2024 due to the adjustments for \"Fantasy Westward Journey\" and \"Eggy Party,\" Daiwa expects revenue growth in online games to accelerate to 16.5% on year in 3Q. Meanwhile, the recently launched \"Marvel Mystic Mayhem\" still has a chance to improve its gross receipts, as NetEase plans content updates every six weeks to maintain its one million player base, they add. Daiwa raises its target price on the Chinese videogame company to HK$260.00 from HK$235.00 while keeping a buy rating. Shares are last at HK$204.80. (sherry.qin@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 15, 2025 00:04 ET (04:04 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>NetEase's 3Q Game Gross Receipts Set for Sequential Improvement -- 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\">\nNetEase's 3Q Game Gross Receipts Set for Sequential Improvement -- 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\">2025-08-15 12:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0404 GMT - NetEase's game gross receipts are likely to improve sequentially in 3Q on major game updates, Daiwa analysts say in a research note. Major updates of legacy titles such as \"Once Human\" and \"Identity V\" happened in July, with strong momentum heading into 3Q, they say. Given the low base in 2H 2024 due to the adjustments for \"Fantasy Westward Journey\" and \"Eggy Party,\" Daiwa expects revenue growth in online games to accelerate to 16.5% on year in 3Q. Meanwhile, the recently launched \"Marvel Mystic Mayhem\" still has a chance to improve its gross receipts, as NetEase plans content updates every six weeks to maintain its one million player base, they add. Daiwa raises its target price on the Chinese videogame company to HK$260.00 from HK$235.00 while keeping a buy rating. Shares are last at HK$204.80. (sherry.qin@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 15, 2025 00:04 ET (04:04 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":"LU0048580855.USD","symbol_name":"富达大中华区A","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2559599193","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2559599193","pubTimestamp":1755230640,"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":"0404 GMT - NetEase's game gross receipts are likely to improve sequentially in 3Q on major game updates, Daiwa analysts say in a research note. Major updates of legacy titles such as \"Once Human\" and \"Identity V\" happened in July, with strong momentum heading into 3Q, they say. Given the low base in 2H 2024 due to the adjustments for \"Fantasy Westward Journey\" and \"Eggy Party,\" Daiwa expects revenue growth in online games to accelerate to 16.5% on year in 3Q. Meanwhile, the recently launched \"Marvel Mystic Mayhem\" still has a chance to improve its gross receipts, as NetEase plans content updates every six weeks to maintain its one million player base, they add. Daiwa raises its target price on the Chinese videogame company to HK$260.00 from HK$235.00 while keeping a buy rating. Shares are last at HK$204.80. 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Major updates of legacy titles such as \"Once Human\" and \"Identity V\" happened in July, with strong momentum heading into 3Q, they say. Given the low base in 2H 2024 due to the adjustments for \"Fantasy Westward Journey\" and \"Eggy Party,\" Daiwa expects revenue growth in online games to accelerate to 16.5% on year in 3Q. Meanwhile, the recently launched \"Marvel Mystic Mayhem\" still has a chance to improve its gross receipts, as NetEase plans content updates every six weeks to maintain its one million player base, they add. Daiwa raises its target price on the Chinese videogame company to HK$260.00 from HK$235.00 while keeping a buy rating. Shares are last at HK$204.80. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 15, 2025 00:04 ET (04:04 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"}}}