NetEase's Renewed Partnership With Blizzard May Have Limited Financial Impact -- Market Talk

Dow Jones04-11

0437 GMT - NetEase's renewed partnership with Blizzard may have limited financial impact near term, according to Nomura analysts Jialong Shi and Rachel Guo in a research note. They estimate Blizzard's titles used to account for 3%-4% of NetEase's total revenue and an even smaller share in its earnings. NetEase was the exclusive publisher in China for most of Blizzard's games from 2008 to 2022. The deal might be more important in developing NetEase's reach in the Chinese market as it puts the gaming company in a position to convert Blizzard's popular PC games to mobile versions, potentially winning blockbuster titles. The analysts keep a buy rating on the company with a target ADR price of US$138.00. Shares closed at 1.1% lower at $99.50 in the U.S. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

April 11, 2024 00:37 ET (04:37 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2426046414?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-11 12:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2426046414","market":"fut","top_or_hot":-1,"title":"NetEase's Renewed Partnership With Blizzard May Have Limited Financial Impact -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0437 GMT - NetEase's renewed partnership with Blizzard may have limited financial impact near term, according to Nomura analysts Jialong Shi and Rachel Guo in a research note. They estimate Blizzard's titles used to account for 3%-4% of NetEase's total revenue and an even smaller share in its earnings. NetEase was the exclusive publisher in China for most of Blizzard's games from 2008 to 2022. The deal might be more important in developing NetEase's reach in the Chinese market as it puts the gaming company in a position to convert Blizzard's popular PC games to mobile versions, potentially winning blockbuster titles. The analysts keep a buy rating on the company with a target ADR price of US$138.00. Shares closed at 1.1% lower at $99.50 in the U.S. (tracy.qu@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 11, 2024 00:37 ET (04:37 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NetEase's Renewed Partnership With Blizzard May Have Limited Financial Impact -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetEase's Renewed Partnership With Blizzard May Have Limited Financial Impact -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-11 12:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0437 GMT - NetEase's renewed partnership with Blizzard may have limited financial impact near term, according to Nomura analysts Jialong Shi and Rachel Guo in a research note. They estimate Blizzard's...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320764599.SGD","symbol_name":"FTIF - Templeton China A Acc SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2426046414","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426046414","pubTimestamp":1712810220,"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":"0437 GMT - NetEase's renewed partnership with Blizzard may have limited financial impact near term, according to Nomura analysts Jialong Shi and Rachel Guo in a research note. They estimate Blizzard's titles used to account for 3%-4% of NetEase's total revenue and an even smaller share in its earnings. NetEase was the exclusive publisher in China for most of Blizzard's games from 2008 to 2022. The deal might be more important in developing NetEase's reach in the Chinese market as it puts the gaming company in a position to convert Blizzard's popular PC games to mobile versions, potentially winning blockbuster titles. The analysts keep a buy rating on the company with a target ADR price of US$138.00. Shares closed at 1.1% lower at $99.50 in the U.S. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","BK4505":"高瓴资本持仓","LU0868486357.SGD":"JPMorgan Funds - Emerging Markets Opportunities A (acc) SGD-H","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU1807302812.USD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (USD) ACC","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","LU1226287792.SGD":"UBS (LUX) KEY SEL S-CHINA ALLOCATION OPP \"P\" (SGDHDG) INC","LU0140636845.USD":"施罗德大中华区股票A Acc","BK4514":"搜索引擎","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","K3MD.SI":"NTES ADR US$+","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0228659784.USD":"施罗德金砖四国基金","NTES":"网易","LU0862451753.SGD":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD","IE0008368742.USD":"首域中国增长基金I Acc","LU1720050803.USD":"安联全方位中国股票基金","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","BK4585":"ETF&股票定投概念","LU2279701549.SGD":"JPMorgan Funds - Emerging Markets Sustainable Equity A (acc) SGD","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","BK1588":"回港中概股","BK1609":"ChatGPT概念","BK1104":"互动家庭娱乐","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","BK4577":"网络游戏","BK4501":"段永平概念","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU1688375341.USD":"贝莱德中国灵活股票基金","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","BK4526":"热门中概股","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","BK4588":"碎股","09999":"网易-S","LU1226287529.USD":"UBS (LUX) KEY SELECTION SICAV - CHINA ALLOCATION  OPPORTUNITY (USD) \"P\" (USD) ACC","BK4503":"景林资产持仓"},"translate_title":"网易与暴雪的新伙伴关系可能会产生有限的财务影响——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NTES":1,"09999":1,"K3MD.SI":0.9},"content_text":"0437 GMT - NetEase's renewed partnership with Blizzard may have limited financial impact near term, according to Nomura analysts Jialong Shi and Rachel Guo in a research note. They estimate Blizzard's titles used to account for 3%-4% of NetEase's total revenue and an even smaller share in its earnings. NetEase was the exclusive publisher in China for most of Blizzard's games from 2008 to 2022. The deal might be more important in developing NetEase's reach in the Chinese market as it puts the gaming company in a position to convert Blizzard's popular PC games to mobile versions, potentially winning blockbuster titles. The analysts keep a buy rating on the company with a target ADR price of US$138.00. Shares closed at 1.1% lower at $99.50 in the U.S. (tracy.qu@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 11, 2024 00:37 ET (04:37 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2426046414"}