NetEase's Results Miss Unlikely to Derail Its Recovery Story -- Market Talk

Dow Jones

Aug 15

0245 GMT - NetEase's 2Q results miss is unlikely to derail its recovery story, HSBC analysts say in a research note. NetEase no longer discloses its revenue contribution by mobile and PC games separately, but HSBC estimates that mobile games revenue fell 1% on year while PC games revenue grew 66%. 2Q's net profit miss was driven by higher marketing spending in games that subsequently yielded chart-topping performance by a few key titles in July and August, they say. "We think it was money well-spent," they add. HSBC lifts its 3Q games revenue growth forecast to factor in the successful performance of its game titles so far this summer. HSBC maintains a buy call on NetEase but trims its ADR target price to $157.00 From $158.00. Its ADRs last closed at $129.67. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

August 14, 2025 22:45 ET (02:45 GMT)

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NetEase no longer discloses its revenue contribution by mobile and PC games separately, but HSBC estimates that mobile games revenue fell 1% on year while PC games revenue grew 66%. 2Q's net profit miss was driven by higher marketing spending in games that subsequently yielded chart-topping performance by a few key titles in July and August, they say. \"We think it was money well-spent,\" they add. HSBC lifts its 3Q games revenue growth forecast to factor in the successful performance of its game titles so far this summer. HSBC maintains a buy call on NetEase but trims its ADR target price to $157.00 From $158.00. Its ADRs last closed at $129.67. 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NetEase no longer discloses its revenue contribution by mobile and PC games separately, but HSBC estimates that mobile games revenue fell 1% on year while PC games revenue grew 66%. 2Q's net profit miss was driven by higher marketing spending in games that subsequently yielded chart-topping performance by a few key titles in July and August, they say. \"We think it was money well-spent,\" they add. HSBC lifts its 3Q games revenue growth forecast to factor in the successful performance of its game titles so far this summer. HSBC maintains a buy call on NetEase but trims its ADR target price to $157.00 From $158.00. Its ADRs last closed at $129.67. (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 14, 2025 22:45 ET (02:45 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":"LU0994945656.USD","symbol_name":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC 2","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2559996753","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2559996753","pubTimestamp":1755225900,"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":"0245 GMT - NetEase's 2Q results miss is unlikely to derail its recovery story, HSBC analysts say in a research note. NetEase no longer discloses its revenue contribution by mobile and PC games separately, but HSBC estimates that mobile games revenue fell 1% on year while PC games revenue grew 66%. 2Q's net profit miss was driven by higher marketing spending in games that subsequently yielded chart-topping performance by a few key titles in July and August, they say. \"We think it was money well-spent,\" they add. HSBC lifts its 3Q games revenue growth forecast to factor in the successful performance of its game titles so far this summer. HSBC maintains a buy call on NetEase but trims its ADR target price to $157.00 From $158.00. Its ADRs last closed at $129.67. 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NetEase no longer discloses its revenue contribution by mobile and PC games separately, but HSBC estimates that mobile games revenue fell 1% on year while PC games revenue grew 66%. 2Q's net profit miss was driven by higher marketing spending in games that subsequently yielded chart-topping performance by a few key titles in July and August, they say. \"We think it was money well-spent,\" they add. HSBC lifts its 3Q games revenue growth forecast to factor in the successful performance of its game titles so far this summer. HSBC maintains a buy call on NetEase but trims its ADR target price to $157.00 From $158.00. Its ADRs last closed at $129.67. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 14, 2025 22:45 ET (02:45 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"}}}