NTES Stock Recent News

HANGZHOU, China , Aug. 5, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced that it will report its second quarter 2024 financial results on Thursday, August 22, 2024, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 6:00 a.m.

HANGZHOU, China , July 17, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced that it has entered into a special partnership with Timbaland's Beatclub™ ("Beatclub") to unleash creativity and foster innovation across China's growing music scene. Under the collaboration, hundreds of signature, premium Beatclub beats will be introduced to NetEase Cloud Music's Beatsoul, China's premier beat transaction platform, marking a significant milestone in China's music industry.

NetEase's valuation contractions stem from lower growth expectations, but near-term alpha is possible if valuation multiple contractions are overextended. Regulatory pressures, economic conditions, and maturing game franchises impact revenue and EPS growth; strategic international expansion aims to offset these challenges. Despite short-term obstacles, the long-term strategy could yield higher-than-expected growth rates if well-executed; my 6-12 month price target suggests a 16.85% potential upside.

NetEase, Inc. (NASDAQ:NTES ) Q1 2024 Earnings Conference Call May 23, 2024 7:00 AM ET Company Participants Brandi Piacente - President, Piacente Financial Communications Bill Pang - VP, Corporate Development Conference Call Participants Felix Liu - UBS Lei Zhang - Bank of America Securities Lincoln Kong - Goldman Sachs Ritchie Sun - HSBC Xueqing Zhang - CICC Thomas Chong - Jefferies Jialong Shi - Nomura Alex Poon - Morgan Stanley Daniel Chen - JPMorgan Operator Good day, and welcome to the NetEase 2024 First Quarter Earnings Conference Call. Today's conference is being recorded.

HANGZHOU, China , May 23, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Total net revenues were RMB1.4 billion (US$192.8 million), representing a 19.7% increase from the same period in 2023.

HANGZHOU, China , May 23, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the first quarter ended March 31, 2024. First  Quarter 202 4  Financial Highlights Net revenues were RMB26.9 billion (US$3.7 billion), an increase of 7.2% compared with the first quarter of 2023.

HANGZHOU, China , May 20, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced an exciting product lineup, content reveals and plans for over 40 game franchises and products at its annual product launch event on May 20. The 120-minute online event showcased an array of NetEase's vibrant and diversified gaming offerings across genres and platforms.

HANGZHOU, China , May 6, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced that it will report its first quarter 2024 financial results on Thursday, May 23, 2024, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 6:00 a.m.

Microsoft (MSFT) and NetEase (NTES) announced a renewed publishing deal that would bring "World of Warcraft" and other popular video games back to China.

Chinese video games giant NetEase said it is working with Microsoft to bring popular games including "World of Warcraft" back to the country after a public fallout that ended a decade-long partnership in 2023.