NetEase (NTES) Stock

NTES has a strong range of products and is always working to improve them, which shows good potential for growth. This makes the stock a good option for investment.

The creator of the recently launched Marvel Rivals is currently valued low, even after the successful release of their game in December. NetEase has a trading ratio of 8.8 times its trailing twelve months free cash flow compared to its enterprise value. By the third quarter of 2024, NetEase reported around $18.6 billion in cash and short-term investments, while its debt was under $1.6 billion.

On December 19, 2024, NTES, PLAB, and SEIC were included in the Zacks Rank #1 (Strong Buy) list of momentum stocks.

On December 16, 2024, ZIM, NTES, and WTBA were included in the Zacks Rank #1 (Strong Buy) list of income stocks.

NetEase's impressive game development, effective operations, and potential for growth make it an attractive investment, even with recent changes in revenue. The successful revival of its partnership with Blizzard and the strong results from its own games demonstrate NetEase's ability to adapt and grow. Additionally, the company's technical skills, focus on community engagement, and use of AI in gaming highlight its strong position in the market.

NetEase, Inc. (NASDAQ:NTES) will hold its Q3 2024 Earnings Conference Call on November 14, 2024, at 7:00 AM ET. Participants from the company include Brandi Piacente from Investor Relations, William Ding, the Founder and CEO, and Bill Pang, the Vice President of Corporate Development. The call will also feature analysts from various financial institutions, and it is being recorded.

HANGZHOU, China, Nov. 14, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a top provider of internet and gaming services, has released its unaudited financial results for the third quarter ending September 30, 2024. In the third quarter of 2024, the company reported net revenues of RMB26.2 billion (US$3.7 billion), which is a 3.9% decline compared to the same period in 2023.

NetEase has a solid track record of creating popular games and staying profitable, emphasizing mobile gaming and strong intellectual property. The company shows notable growth in net profit and has a competitive edge due to its large investment in research and development, as well as high ownership by insiders. Even with regulatory issues in China, NetEase is still considered undervalued compared to its rivals, with a forward price-to-earnings ratio of 11.56.

HANGZHOU, China, Oct. 31, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a top provider of internet and gaming services, has announced that it will release its financial results for the third quarter of 2024 on Thursday, November 14, 2024, before U.S. markets open. A teleconference call with a live webcast will be held at 7:00 a.m.