Back    Zoom +    Zoom -
<Research>G Sachs: NTES-S (09999.HK) Quarterly Results Miss but Remain Solid; Rating Kept at Buy
Recommend
3
Positive
5
Negative
2
NetEase (NTES.US) (09999.HK)'s 4Q25 results was below expectations, Goldman Sachs released a research report saying. However, revenue trends remained solid with comprehensive integration of AI technology. Therefore, the broker kept rating at Buy, with target prices revised to US$164 and $257.

Although NetEase's 4Q25 financial report did not meet market expectations, cash income still increased by 10% YoY, while deferred income continued to rise, the report added. Goldman Sachs considered the financial performance solid, as the Company is in a transitional phase lacking blockbuster game contributions.

Related NewsM Stanley: NTES-S 4Q Rev. & Profit Miss Due to Delayed Rev. Recognition
Looking ahead, the Company confirmed the release of Sea of Remnants in 3Q25 before the summer holiday, and continued to invest in extending the lifecycle of evergreen games.
AASTOCKS Financial News
Website: www.aastocks.com