NetEase's 4Q Online Gaming Growth Could Slow on Base Effect -- Market Talk

Dow Jones

11/24

0904 GMT - NetEase's 4Q online gaming revenue is expected to grow by close to 9%, slowing from 3Q due to a high base, Nomura analysts Jialong Shi and Rachel Guo say in a report. They note that NetEase has changed its strategy toward new games by raising the return-on-investment standard, which will likely reduce annual game launches but improve the success rate of those that are released. They highlight two new titles--"Ananta" and "Sea of Remnants"--in the pipeline, with the latter potentially becoming the next game revenue growth driver. Nomura keeps its 2025 adjusted operating profit forecast largely unchanged but trims the 2026 projection by 1% on higher marketing costs. The bank maintains a buy rating and a $160 target price on NetEase, whose ADRs last closed at $133.58. (jason.chau@wsj.com)

(END) Dow Jones Newswires

November 24, 2025 04:04 ET (09:04 GMT)

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They note that NetEase has changed its strategy toward new games by raising the return-on-investment standard, which will likely reduce annual game launches but improve the success rate of those that are released. They highlight two new titles--\"Ananta\" and \"Sea of Remnants\"--in the pipeline, with the latter potentially becoming the next game revenue growth driver. Nomura keeps its 2025 adjusted operating profit forecast largely unchanged but trims the 2026 projection by 1% on higher marketing costs. The bank maintains a buy rating and a $160 target price on NetEase, whose ADRs last closed at $133.58. 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They note that NetEase has changed its strategy toward new games by raising the return-on-investment standard, which will likely reduce annual game launches but improve the success rate of those that are released. They highlight two new titles--\"Ananta\" and \"Sea of Remnants\"--in the pipeline, with the latter potentially becoming the next game revenue growth driver. Nomura keeps its 2025 adjusted operating profit forecast largely unchanged but trims the 2026 projection by 1% on higher marketing costs. The bank maintains a buy rating and a $160 target price on NetEase, whose ADRs last closed at $133.58. (jason.chau@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  November 24, 2025 04:04 ET (09:04 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2242644610.SGD","symbol_name":"Fidelity China Innovation A-ACC-SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2585579524","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2585579524","pubTimestamp":1763975040,"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":"0904 GMT - NetEase's 4Q online gaming revenue is expected to grow by close to 9%, slowing from 3Q due to a high base, Nomura analysts Jialong Shi and Rachel Guo say in a report. They note that NetEase has changed its strategy toward new games by raising the return-on-investment standard, which will likely reduce annual game launches but improve the success rate of those that are released. They highlight two new titles--\"Ananta\" and \"Sea of Remnants\"--in the pipeline, with the latter potentially becoming the next game revenue growth driver. Nomura keeps its 2025 adjusted operating profit forecast largely unchanged but trims the 2026 projection by 1% on higher marketing costs. The bank maintains a buy rating and a $160 target price on NetEase, whose ADRs last closed at $133.58. 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They note that NetEase has changed its strategy toward new games by raising the return-on-investment standard, which will likely reduce annual game launches but improve the success rate of those that are released. They highlight two new titles--\"Ananta\" and \"Sea of Remnants\"--in the pipeline, with the latter potentially becoming the next game revenue growth driver. Nomura keeps its 2025 adjusted operating profit forecast largely unchanged but trims the 2026 projection by 1% on higher marketing costs. The bank maintains a buy rating and a $160 target price on NetEase, whose ADRs last closed at $133.58. (jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 24, 2025 04:04 ET (09:04 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"}}}