报告表示，网易股价自年初至今已上涨74%，并在公布第2季业绩后上涨19%，表现优于中国互联网板 块。高盛认为，这一强势表现受惠于其经典长青游戏优于预期的表现，及2025年第3季销售增速或将加 快。高盛认为，在2025年下半年，网易应能凭借经典游戏的强劲表现交出稳健业绩。展望2026年，预计 集团将受惠于两款即将推出的潜在爆款游戏，及海外市场的成功，从而推动股价重估。 智通财经APP获悉，高盛发报告指，基于网易-S(09999)更强的游戏收入增长、高毛利的《梦幻西游》 (FWJ)系列游戏带来的更高利润率，该行将2025-2027年的每股盈利预测上调2-3%。同时上调目标价至 252港元。 ...

Core Viewpoint - NetEase (NTES.US) is expected to report its Q2 2025 earnings in mid-August, with performance anticipated to meet expectations driven by stable contributions from games like "Fantasy Westward Journey," "Nirvana in Fire," and "Yanyun Sixteen Sounds" [1] Financial Performance - Citigroup estimates that NetEase's total revenue for Q2 will grow by 11% year-on-year to 28.3 billion RMB, with Non-GAAP net profit projected at 9.46 billion RMB, compared to market forecasts of 28.4 billion RMB and 9.66 billion RMB respectively [1] - Online gaming revenue is expected to increase by 15.2% year-on-year to 23.1 billion RMB [1] Future Outlook - For the second half of the year, with key new titles like "Diablo IV" and "Destiny Rise" entering testing or launch phases, Citigroup anticipates stable gaming revenue momentum, predicting Q3 revenue to grow by 10.6% year-on-year to 28.98 billion RMB, with Non-GAAP net profit reaching 9.5 billion RMB [1] Stock Performance - NetEase's stock price increased by 3.07% to $131.22 in pre-market trading, with Citigroup raising its target price from $156 to $157 while maintaining a "Buy" rating, citing the company's earnings resilience, strong cash flow, and stable dividends [1]