NetEase, Inc.

Report azionario NasdaqGS:NTES

Capitalizzazione di mercato: US$74.3b

NetEase Performance degli utili passati

Criteri Il passato verificati 2/6

NetEase ha registrato una crescita degli utili a un tasso medio annuo di 18%, mentre il settore Entertainment ha registrato utili in crescita a un tasso medio annuo di 33.6%. I ricavi sono stati in crescita a un tasso medio annuo di 6.4%. Il ritorno sul capitale proprio di NetEase è 19.3% e ha margini netti di 27.9%.

Informazioni chiave

18.03%

Tasso di crescita degli utili

18.84%

Tasso di crescita dell'EPS

Entertainment Crescita del settore18.06%
Tasso di crescita dei ricavi6.36%
Rendimento del capitale proprio19.34%
Margine netto27.88%
Ultimo aggiornamento sugli utili30 Jun 2026

Aggiornamenti sulle prestazioni recenti

Recent updates

Seeking Alpha • Aug 24

NetEase: An Interesting Idea For Long-Term Dividend Growth Investors

Summary Founded in 2007, NetEase is now an $80 billion (by market cap) gaming and content ecosystem employing more than 25,000 people. The company has increased its dividend for five consecutive years. That’s in USD terms on the ordinary shares, although the actual ADR dividends can vary quite a bit from quarter to quarter. NetEase has a stellar financial position. The company has essentially no long-term debt. Moreover, it ended FY 2025 with $23.4 billion in net cash. The P/E ratio is now down to 16.2 after a recent near-20% slide in the stock. Read the full article on Seeking Alpha
Seeking Alpha • Apr 26

NetEase Stock: Some Upside Left Before It Peaks

Summary NetEase's stock has surged due to China's tech recovery, favorable regulations, and strong earnings, but it now trades at elevated price multiples with potential downside risk. The company excels in developing proprietary AAA content, with gaming generating 79% of revenue and non-gaming segments contributing a significant 20%. NetEase boasts strong financials, including a high cash-to-debt ratio, robust free cash flow, and impressive shareholder rewards through dividends and share buybacks. Despite potential risks from margin pressures and regulatory challenges, NetEase's strong content pipeline and growth in China's gaming market position it for continued outperformance. Read the full article on Seeking Alpha
Seeking Alpha • Feb 22

NetEase: Undervalued Gaming Giant With Global Potential

Summary NetEase's 4Q24 net revenue missed consensus due to non-gaming segment weakness, but gaming revenue rose 1.5% y/y, driven by strong PC game performance. Positive initial reception of new games like Marvel Rivals and Where Winds Meet indicates strong global potential and a promising pipeline for 2025. NTES trades at a 9x forward EBITDA, undervalued compared to peers; we value it at 12x forward EBITDA, implying a 26% upside. NTES's proven track record in developing proprietary IPs positions it better than Tencent to deliver AAA global hits, limiting downside risk. Read the full article on Seeking Alpha
Seeking Alpha • Dec 24

NetEase: The Chinese Stock In The Right Industry At The Right Price

Summary The developer of newly released Marvel Rivals is trading at a cheap valuation despite the successful launch of their popular title in December. NetEase is trading at an 8.8x TTM free cash flow to enterprise value. As of Q3 2024, NetEase had ~$18.6 billion in cash and short-term investments with less than ~$1.6 billion in debt. The Chinese economy could benefit from the advancement in the video game industry, and NetEase is positioned to take advantage of this opportunity. I believe NetEase is a Strong Buy at $90/ADS share. Read the full article on Seeking Alpha
Seeking Alpha • Nov 28

NetEase: Solid Gaming Leadership With Clear Growth Runway And Attractive Valuation

Summary NetEase's strong game development, operational excellence, and growth opportunities make it a compelling investment despite recent revenue fluctuations. Successful Blizzard partnership revival and strong performance in self-developed games highlight NetEase's resilience and growth potential. NetEase's technical expertise, community-building, and AI integration in games showcase its market position and operational excellence. Attractive valuation, financial strength, and shareholder-friendly practices make NetEase an intriguing investment in the gaming sector. Read the full article on Seeking Alpha
Seeking Alpha • Nov 12

NetEase: Robust IP, Strong R&D, And An Attractive Price

Summary NetEase has a strong history of developing successful games and maintaining profitability, with a focus on mobile-first gaming and robust intellectual property. The company demonstrates impressive net profit growth and competitive advantage through significant R&D investment and high insider ownership. Despite regulatory challenges in China, NetEase remains undervalued compared to competitors, with a forward PE of 11.56. Diversification into partnerships and other sectors poses some risk, but NetEase's disciplined capital allocation mitigates potential negative impacts. Read the full article on Seeking Alpha
Seeking Alpha • Aug 24

NetEase: The Post-Q2 Sell-Off Is A Buying Opportunity

Summary NetEase's Q2 showed top-line growth (+6.1% revenue, +11.6% gross profit) but a 17% drop in net income, leading to a 12% stock decline since my last analysis. AI-driven innovations and global expansion enhance NetEase’s long-term potential; the gaming portfolio and dividend yield of 3.15% are key bullish factors. Despite competition and regulatory risks, FY25 could drive 25% price growth due to valuation recovery. Read the full article on Seeking Alpha
Seeking Alpha • Aug 06

NetEase Q2 Earnings Preview: Great Games On The Horizon, Great Financial Position

Summary NetEase, Inc. reports Q2 earnings pre-market on August 16th. Analysts expect $3.65B in revenue, $1.67 non-GAAP EPS, and $1.52 GAAP EPS. Expect updates on mobile games like Eggy Party and Naraka: Bladepoint Mobile, as well as margin improvements and financial strength. Read the full article on Seeking Alpha
Seeking Alpha • May 20

NetEase And Its Real Value

Summary NetEase Inc. has a large portfolio of mobile games that contribute to over 80% of its revenue. The company is diversifying into other industries, such as educational services, to capture market share. China's regulatory laws on gaming time could potentially harm NetEase's revenue and growth, but the company is looking to expand into the Western gaming market. This article focuses on the fundamentals, the real value versus the current share price, and if NetEase is currently worth investing in. Read the full article on Seeking Alpha
Seeking Alpha • Apr 12

'Warcraft' Return To NetEase Signals Extension Of China's Gaming Relaxation

Summary This week’s renewal of NetEase’s agreement to operate games from Blizzard in China will have relatively little financial impact on either company. The deal signals China’s continued relaxation of regulatory policy and encouragement of global exchanges for the gaming sector. In terms of valuations, NetEase remains the clear number-two in China with a price-to-earnings (P/E) ratio of 16 compared to Tencent’s 24. Read the full article on Seeking Alpha
Seeking Alpha • Mar 27

NetEase: Undervalued As Gaming Regulations Don't Detract Much From The Great Business

Summary NetEase, rivaling Tencent, appears undervalued via discounted earnings, despite risks from China's economic shifts and gaming regulations. With over 75% of revenue from gaming, restrictions on minors impact NetEase, yet strategic focus and financial health suggest resilience. Competitive analysis favors NetEase for investment; superior financial management and growth potential position it strongly against Tencent. Read the full article on Seeking Alpha
Seeking Alpha • Feb 23

NetEase Earnings: Mobile Games Are Here To Stay And Will Dominate

Summary NetEase is expected to report decent full-year results, with improved operational efficiency and successful game releases. The company has a strong financial position with a large cash reserve and minimal debt. Revenues have been mixed, but margin expansions and improved ROA and ROE indicate positive performance. Recently-released games performed very well, which tells me that the company may continue to find cash cows in new titles going forward. Read the full article on Seeking Alpha
Seeking Alpha • Jan 30

NetEase Rumored Downsizing: Fat-Trimming Or Business Restructuring Ahead?

Summary NetEase is said to be laying off workers in many departments, but the company rebutted the claim and said it was actively hiring. NetEase surpassed Meituan to become the fourth most valuable Internet company in China. NetEase is not expensive right now with a forward price-to-earnings ratio of 12.6 times, lower than the 16.3 times average in the past five years. Read the full article on Seeking Alpha
Seeking Alpha • Jan 19

NetEase: A Worthy Buy Despite Regulatory Risks

Summary NetEase Inc is recommended as a buy with estimated per share values of $86.39, $98.15, and $104.17 in different scenarios. The recent drop in NetEase's share price due to new gaming regulations may be an overreaction from the market. The company's gaming division has historically shown decent revenue growth rates and operates with similar cost structures as peer companies. Read the full article on Seeking Alpha

Ripartizione dei ricavi e delle spese

Come NetEase guadagna e spende denaro. In base agli ultimi utili dichiarati, su base LTM.

Storico di utili e ricavi

NasdaqGS:NTES Ricavi, spese e utili (CNY Millions )
DataRicaviUtiliSpese G+ASpese di R&S
30 Jun 26116,60332,51219,12318,102
31 Mar 26114,38934,13319,27417,815
31 Dec 25112,62633,76018,84817,719
30 Sep 25111,82736,28417,89017,755
30 Jun 25109,67834,20717,17317,637
31 Mar 25107,27232,36517,13217,736
31 Dec 24105,29529,69818,69817,525
30 Sep 24105,68827,51320,19517,534
30 Jun 24106,74828,81220,35117,457
31 Mar 24105,27430,29620,16116,910
31 Dec 23103,46829,41718,86916,485
30 Sep 23101,68226,78718,11316,096
30 Jun 2398,83825,65018,08415,718
31 Mar 2397,98622,07318,09415,391
31 Dec 2296,49619,71318,09915,039
30 Sep 2295,51521,45417,84014,797
30 Jun 2293,27917,93717,08114,589
31 Mar 2290,64516,81216,69214,414
31 Dec 2187,60616,85716,47814,076
30 Sep 2182,99412,13815,90213,258
30 Jun 2179,46211,95515,85512,285
31 Mar 2177,12212,95115,04411,287
31 Dec 2073,66712,06314,07610,369
30 Sep 2069,64014,14113,1569,607
30 Jun 2065,61815,27711,3028,981
31 Mar 2061,88114,09310,1558,518
31 Dec 1959,24113,2759,3518,413
30 Sep 1951,06813,5917,5528,001
30 Jun 1949,59211,5207,7207,986
31 Mar 1951,42810,2728,6487,957
31 Dec 1851,1798,2919,9907,378
30 Sep 1858,2256,20711,8996,766
30 Jun 1857,5426,67111,6025,772
31 Mar 1854,6347,53710,8884,906
31 Dec 1744,43711,5427,8864,162
30 Sep 1751,59313,1058,0314,006
30 Jun 1748,32713,3187,4533,674
31 Mar 1743,90413,0666,6793,348
31 Dec 1638,17911,6055,9883,047
30 Sep 1633,98310,0865,4832,757
30 Jun 1631,4439,2284,9542,560
31 Mar 1627,0587,9314,3472,330
31 Dec 1522,8036,7353,9732,159
30 Sep 1518,3635,8423,6061,964

Guadagni di qualità: NTES ha guadagni di alta qualità.

Margine di profitto in crescita: Gli attuali margini di profitto netti di NTES (27.9%) sono inferiori rispetto allo scorso anno (31.2%).

Flusso di cassa libero e analisi degli utili

Analisi della crescita degli utili nel passato

Andamento degli utili: Gli utili di NTES sono cresciuti del 18% all'anno negli ultimi 5 anni.

Accelerare la crescita: NTES ha avuto una crescita negativa degli utili nell'ultimo anno, quindi non può essere confrontata con la sua media quinquennale.

Guadagni vs Settore: NTES ha avuto una crescita negativa degli utili ( -5% ) nell'ultimo anno, rendendo difficile il confronto con la media del settore Entertainment ( 16.2% ).

Rendimento del capitale proprio

ROE elevato: Il Return on Equity ( 19.3% ) di NTES è considerato basso.

Rendimento delle attività

Rendimento del capitale investito

Scoprire le aziende con forti performance passate

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/09/14 06:48
Prezzo dell'azione a fine giornata2026/09/14 00:00
Utili2026/06/30
Utili annuali2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina GitHub; abbiamo anche delle guide su come utilizzare i nostri report e dei tutorial su YouTube.

Scoprite il che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

NetEase, Inc. è coperta da 72 analisti. 32 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Sau Shing ChowABCI Securities Company Limited
Tianli WenAletheia Analyst Network Limited
Zixiao YangArete Research Services LLP