On June 1, NetEase rose 3.57% overnight, trading at $127.2/share, with trading volume of $884.4.
On the news front, NetEase's Q1 earnings continued to fuel market optimism. The company reported revenue of RMB 30.6 billion, up 6.1% year-over-year, beating consensus by approximately 4%. Non-GAAP net profit reached RMB 11.3 billion, exceeding market expectations by roughly 13%. Gaming and related value-added services revenue came in at RMB 25.7 billion, growing 6.9% year-over-year, driven by strong performances from titles including theErta Fantasy Westward Journey series andErta Yanyu Sixteen Voices. Gross margin improvement also surpassed expectations.
Additionally, the latest batch of 158 domestic game licenses was approved in May, with NetEase's new title among the recipients, injecting fresh growth momentum into the company's product pipeline. Goldman Sachs, JPMorgan, CICC, and Nomura have all maintained buy or overweight ratings, with target prices reaching as high as HKD 280, citing optimism around new game launches in the second half of the year.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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