Workflow
网易公司 -2025 年第二季度业绩,营销力度快速恢复-NetEase, Inc_ 2Q25 Results_ Fast recovery of marketing intensity
2025-08-18 02:52

August 14, 2025 10:16 AM GMT NetEase, Inc | Asia Pacific 2Q25 Results: Fast recovery of marketing intensity Reaction to earnings Unchanged In-line Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways 2Q25 revenue up 9%YoY to Rmb27.9bn with online game revenue up 15%YoY to Rmb22.1bn (2% above MSe). Game grossing was up 20% YoY from a low base, the strong contract liabilities pave a good f ...