NetEase: A Gaming Powerhouse with Global Opportunities That is Currently Undervalued.
NetEase, Inc. (NASDAQ:NTES) will hold its Q4 2024 Earnings Conference Call on February 20, 2025, at 7:00 AM ET. Participants from the company include Brandi Piacente from Investor Relations, Bill Pang, the Vice President of Corporate Development, and CEO William Ding. The call will also feature analysts from various financial institutions such as CICC, Morgan Stanley, HSBC, Citigroup, Goldman Sachs, and UBS.
HANGZHOU, China, Feb. 20, 2025 /PRNewswire/ -- NetEase Cloud Music Inc. (HKEX: 9899), a top music streaming service in China, has released its financial results for the fiscal year 2024, which ended on December 31, 2024. The company reported a revenue of RMB 8.0 billion, showing a 1.1% increase from RMB 7.9 billion in 2023. Other key financial figures include a gross profit of RMB 2.7 billion and a profit for the period of RMB 1.6 billion.
HANGZHOU, China, Feb. 20, 2025 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999), a major provider of internet and gaming services, has released its unaudited financial results for the fourth quarter and the entire fiscal year that ended on December 31, 2024. In the fourth quarter of 2024, the company reported net revenues of RMB26.7 billion (US$3.7 billion), which is a 1.4% decline compared to the same quarter in 2023.
Chinese gaming companies might have to sell their investments in U.S. game companies. This could lead to major changes in the gaming industry.
HANGZHOU, China, Feb. 6, 2025 /PRNewswire/ -- NetEase Cloud Music Inc. (HKEX: 9899), a top music streaming service in China, has announced that it will share its financial results for the fiscal year 2024, which ended on December 31, 2024, on Thursday, February 20, 2025, after the Hong Kong market closes. The management team will hold a conference call to discuss the earnings at 7:00 p.m.
HANGZHOU, China, Feb. 6, 2025 /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 share its financial results for the fourth quarter and the entire fiscal year 2024 on Thursday, February 20, 2025, before U.S. markets open. A teleconference call with a live webcast will be held at 7:00 a.m.
NetEase (NTES) experienced a significant rise in its stock price during the last trading session, with trading volume exceeding the usual amount. However, the recent changes in earnings estimates might not lead to a further increase in the stock price in the short term.
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.