NetEase, Inc. (NTES)
|Net Income (ttm)||2.92B|
|Ex-Dividend Date||Mar 8, 2023|
|Day's Range||87.42 - 88.89|
|52-Week Range||53.09 - 108.77|
|Price Target||111.58 (+26.25%)|
|Earnings Date||Feb 23, 2023|
NetEase, Inc. provides online services focusing on diverse content, community, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Game Services, Youdao, Cloud Music, and Innovative Businesses and Others. It develops and operates PC and mobile games, as well as offers games licensed from other game developers. The company's products and services include Youdao Dictionary, an online knowledge tool; Youdao Translation, a tool specifically designed to support translation... [Read more]
In 2022, NetEase's revenue was 96.50 billion, an increase of 10.15% compared to the previous year's 87.61 billion. Earnings were 20.34 billion, an increase of 20.65%.Financial numbers in CNY Financial Statements
According to 37 analysts, the average rating for NTES stock is "Buy." The 12-month stock price forecast is $111.58, which is an increase of 26.25% from the latest price.
Cloud Music Inc. Amplifies C-Pop Content with Extended Rock Records Partnership
HANGZHOU, China , March 30, 2023 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced...
7 Hot Gaming Stocks to Invest in Now
For this column, I will define “hot gaming stocks” as companies in the gambling and video-game sectors that have positive momentum. In the U.S., gambling stocks are generally poised to generate strong...
Does NetEase (NTES) Have the Potential to Rally 33.54% as Wall Street Analysts Expect?
The consensus price target hints at a 33.5% upside potential for NetEase (NTES). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate ...
China to import 27 new video games, including Tencent, NetEase titles
China's online gaming regulator on Monday granted licences to 27 foreign games in March including titles to be published by Tencent Holdings and NetEase.
NetEase Showcases a Diverse Slate of Presentations at GDC 2023
Over 20 NetEase Games experts have been shortlisted to present at GDC this year, delivering more than 16 talks across the Core Concepts and Summits sessions. Presentations from NetEase Games sessions ...
Are China Internet Stocks Set Up To Rally In The Second Quarter?
Chinese Internet stocks are behaving like an unruly group of children rather than marching together in unison. E-commerce platform PDD Holdings Inc. (NASDAQ: PDD) is among large-cap price leaders.
Cloud Music Inc. Reports Fiscal Year 2022 Financial Results
HANGZHOU, China , Feb. 23, 2023 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced ...
Youdao Reports Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results
HANGZHOU, China , Feb. 23, 2023 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), a leading technology-focused intelligent learning company in China, today announced its unaudited ...
Why Earnings Season Could Be Great for NetEase (NTES)
NetEase (NTES) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Cloud Music Inc. to Report Fiscal Year 2022 Financial Results on February 23
HANGZHOU, China , Feb. 16, 2023 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced ...
China's tech giants are launching ChatGPT clones — and Beijing is watching closely
Chinese technology giants from Alibaba to Baidu have announced their intentions to launch ChatGPT-style products.
Chinese companies announce competitors to ChatGPT
CNBC's Eunice Yoon joins 'Power Lunch' to report on Chinese efforts to ramp up artificial intelligence technology.
China stocks and ETFs drop after the US shoots down suspected spy balloon, raising tensions between the economic superpowers
The "damage has been done on the geopolitical front" between the US and China, one analyst said after the US destroyed China's high-altitude balloon.
Wall Street Analysts Predict a 26.69% Upside in NetEase (NTES): Here's What You Should Know
The mean of analysts' price targets for NetEase (NTES) points to a 26.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts...
Youdao to Report Fourth Quarter and Fiscal Year 2022 Financial Results on February 23
HANGZHOU, China , Feb. 2, 2023 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), a leading technology-focused intelligent learning company in China, today announced that it will re...
7 Cheap Chinese Stocks to Buy Before the Rebound
Years after the devastating coronavirus pandemic capsized global economies, China finally made the decision to reopen its economy, thus presenting possible opportunities in cheap Chinese stocks to buy...
These 3 Tech Stocks Are Already up 15% In 2023
With sentiment slowly shifting following better-than-expected inflation data over the last several weeks, buyers have finally returned to the Technology sector after a long hibernation. Can the hot st...
How Much Upside is Left in NetEase (NTES)? Wall Street Analysts Think 27.24%
The average of price targets set by Wall Street analysts indicates a potential upside of 27.2% in NetEase (NTES). While the effectiveness of this highly sought-after metric is questionable, the positi...
China's NetEase criticizes Blizzard offer as unequal, unfair
China games company NetEase Inc. has rejected a proposal from World of Warcraft creator Activision Blizzard to temporarily extend its partnership while the U.S. company seeks a new partner, calling th...
Shares of Tencent, NetEase rise as China gaming crackdown ends
Shares of Tencent Holdings , the world's largest gaming company, and smaller rival NetEase Inc rose on Wednesday after China's video games regulator granted the first gaming licences in 2023, further ...
Activision Says NetEase Rejected Offer to Extend China Licensing Partnership
Activision Blizzard said it is in talks with several videogame firms to find a new partner in China.
China approves 88 games in January, including titles by Tencent and NetEase
China's video games regulator on Tuesday granted publishing licences to 88 online games, including titles belonging to Tencent Holdings Ltd , NetEase Inc and miHoYo.
Blizzard says China's NetEase rejects proposal to extend partnership for six months
Activision Blizzard , the U.S. video game giant behind hit franchise Warcraft, said on Tuesday that its Chinese publisher NetEase had turned down a proposal to extend their partnership for six months.
China's NetEase buys gaming studio involved in major titles including Halo Infinite and Minecraft
NetEase has ramped up its international expansion efforts in gaming over the last two years as China's domestic market has slowed amid tougher regulation.
Why Futu Holdings And NetEase Shares Are Trading Higher
Futu Holdings Ltd FUTU and NetEase Inc NTES shares are trading higher Wednesday morning. Shares of Chinese companies at large are trading higher after Chinese regulators reportedly approved a capital ...