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NTES(NTES) - 2024 Q3 - Earnings Call Transcript
2024-11-14 16:47
NetEase, Inc. (NASDAQ:NTES) Q3 2024 Earnings Conference Call November 14, 2024 7:00 AM ET Company Participants Brandi Piacente - Investor Relations William Ding - Founder, Director and Chief Executive Officer Bill Pang - Vice President of Corporate Development Conference Call Participants Lincoln Kong - Goldman Sachs Xueqing Zhang - CICC Ritchie Sun - HSBC Felix Liu - UBS Alicia Yap - Citigroup Operator Good day, and welcome to the NetEase 2024 Third Quarter Earnings Conference Call. Today's conference is b ...
NTES(NTES) - 2024 Q3 - Quarterly Results
2024-11-14 09:34
網易 NETEASE Contact for Media and Investors: Email: ir@service.netease.com Tel: (+86) 571-8985-3378 NetEase Announces Third Quarter 2024 Unaudited Financial Results Hangzhou, China, November 14, 2024 - NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights • Net revenues were RMB26.2 billion (US$3.7 billion), a ...
NetEase Announces Third Quarter 2024 Unaudited Financial Results
Prnewswire· 2024-11-14 08:30
HANGZHOU, China, Nov. 14, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net revenues were RMB26.2 billion (US$3.7 billion), a decrease of 3.9% compared with the same quarter of 2023. Games and related value-added services net revenues were RMB20.9 billion (US$3.0 billion), a decre ...
NetEase: Robust IP, Strong R&D, And An Attractive Price
Seeking Alpha· 2024-11-12 08:52
When I began looking at NetEase (NASDAQ: NTES ) as a possible investment opportunity I was surprised with what I found. NetEase is a company that developed and launched one of the most-played and highestgrossing franchises of the past I had no formal training or education about the stock market or investing as a kid. Like everyone around me, I spent lavishly on a modest income, carried robust credit card balances, and failed to add money to the stock market. I was miserable, and my lack of investment knowle ...
NetEase to Report Third Quarter 2024 Financial Results on November 14
Prnewswire· 2024-10-31 08:30
HANGZHOU, China, Oct. 31, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced that it will report financial results for the 2024 third quarter on Thursday, November 14, 2024, before the open of the U.S. markets.The earnings teleconference call with simultaneous webcast will take place at 7:00 a.m. Eastern Time on Thursday, November 14, 2024 (Beijing/Hong Kong Time: 8:00 p.m., Thursday, November 14, 2024) ...
NetEase Cloud Music Acquires Exclusive 30-Day Premiere for Kakao Entertainment's Latest K-POP Hits in China
Prnewswire· 2024-10-24 02:00
HANGZHOU, China, Oct. 23, 2024 /PRNewswire/ -- NetEase Cloud Music, a leading online music platform in China, has joined forces with Kakao Entertainment, a prominent South Korean entertainment company, to premiere new K-POP songs in China. Starting October 24, 2024, NetEase Cloud Music will exclusively feature Kakao Entertainment's latest music releases for the first 30 days concurrent with their global launch. Kakao Entertainment boasts a broad portfolio that spans music, online fiction and comics, film, a ...
网易:3季度游戏承压,4季度新游推动手游表现改善
交银国际证券· 2024-10-17 02:37
交银国际研究 公司更新 收盘价 目标价 潜在涨幅 美元 85.01 美元 113.00 +32.9% 互联网 2024 年 10 月 15 日 网易 (NTES US) 3 季度游戏承压,4 季度新游推动手游表现改善 3 季度业绩预览:我们预计 3 季度总收入同比跌 4%至 263 亿元(人民币, 下同),较我们此前预期下调 6%,市场预期为 270 亿元。预计调整后净 利润为74 亿元,较我们此前预期下调7%,市场预期为81 亿元。预计端游 收入同比增速转正,手游受制于去年高基数而下降。 端游恢复同比增长:《梦幻西游》调整结束,环比止跌,同比对端游收入 增长仍有一定影响,但被《魔兽世界》国服回归及《七日世界》上线所抵 消,实现端游总收入同比增长。根据 Steamcharts.com 数据,7-9 月《七日 世界》最高同时在线玩家人数分别为 23 万/19 万/13 万。《永劫无间》手 游上线后端游版本同时在线玩家人数峰值提升明显,7-9月为35-40万,对 比 1-2 季度 30-35 万,以及转免之前的 10-20 万。 手游短期承压:根据第三方数据统计,《逆水寒》、《巅峰急速》、《蛋 仔派对》较上线初期 ...
NetEase (NTES) Stock Dips Amid Game Launch Issues in China
Gurufocus· 2024-10-08 10:51
NetEase (NTES, Financial) shares experienced a significant decline in pre-market trading, dropping over 8.8% to $90.7. On the Hong Kong Stock Exchange, its shares closed with a decline of over 10.8%, settling at 141 HKD.The decline in NetEase's stock price is linked to the recent re-launch of Blizzard's game, "Hearthstone," in China. This re-launch follows the return of another Blizzard game, "World of Warcraft." However, both games are facing severe issues with long queue times, frustrating many players.Th ...
NetEase Inc (NTES) Trading 4.88% Higher on Oct 2
Gurufocus· 2024-10-02 16:07
Shares of NetEase Inc (NTES, Financial) surged 4.88% in mid-day trading on Oct 2. The stock reached an intraday high of $103.78, before settling at $101.36, up from its previous close of $96.64. This places NTES 14.75% below its 52-week high of $118.90 and 33.63% above its 52-week low of $75.85. Trading volume was 2,122,327 shares, 113.6% of the average daily volume of 1,867,850.Wall Street Analysts ForecastBased on the one-year price targets offered by 30 analysts, the average target price for NetEase Inc ...
网易:2季度不及市场预期;预计端游3季度恢复增长,手游短期增长承压
交银国际证券· 2024-08-27 11:45
收盘价 目标价 潜在涨幅 美元 82.25 美元 113.00↓ +37.4% 网易 (NTES US) 2024 年 2 季度收入及利润较市场预期低,但游戏表现符合我们的预测。2 季度收入为 255 亿元(人民币,下同),同比增 6%,其中游戏及增值服 务/有道/云音乐/ 创新及其他收入分别同比+7%/10%/+5%/+0%。调整后净利 润为 78 亿元,同比下降 13%,主要因非运营相关受益变动,调整后运营 利润同比增 18%。游戏及增值服务/有道/云音乐及其他业务毛利润率均保 持同比提升的趋势,其中游戏及增值服务毛利率同比提升 2.6 个百分点至 70%。 展望及估值:预计 3 季度端游恢复增长,《梦幻》端游调整结束后环比持 稳,《七日世界》和《魔兽》带动收入增长,但手游在高基数下增速放缓 ,整体游戏表现短期承压。公司认为《永劫无间》手游玩家数据令人满意 ,游戏具备长线运营属性,或有长期平稳增长的趋势,但考虑短期流水低 于此前预期,我们下调 2024 年收入/利润 1.7%/1.3%,目标价从 117 美元 /182 港元下调到 113 美元/176 港元,对应 2024 年 18 倍游戏业务市盈率不 ...