According to a research report published by Citi, NetEase's next quarter results are expected to be in line with expectations. Total revenue is expected to rise 11% year-on-year and fall 1.9% quarter-on-quarter to $28.3 billion. Non-GAAP net profit is expected to reach 9.46 billion yuan, lower than market expectations of 9.66 billion yuan. The bank expects online game revenue to rise 15.2% year-on-year and drop 4% to $23.1 billion quarterly, mainly benefiting from the steady performance of “Dream West”, “Against the Cold” and “16 Sounds of Yan Yun”. Coupled with delayed revenue in the first quarter, this partially offset seasonal weakness. The bank's net revenue forecast for NetEase for 2025 to 27 decreased by 2.1%, 0.4%, and 3.2%, respectively, and its non-GAAP net profit forecast decreased by 1.7%, 1%, and 2.8%, respectively, to reflect the reduction in the 2025 computer game revenue forecast. The bank will slightly raise its target price from $156 to $157, maintaining a “buy” rating.

According to a research report published by Citi, NetEase's next quarter results are expected to be in line with expectations. Total revenue is expected to rise 11% year-on-year and fall 1.9% quarter-on-quarter to $28.3 billion. Non-GAAP net profit is expected to reach 9.46 billion yuan, lower than market expectations of 9.66 billion yuan. The bank expects online game revenue to rise 15.2% year-on-year and drop 4% to $23.1 billion quarterly, mainly benefiting from the steady performance of “Dream West”, “Against the Cold” and “16 Sounds of Yan Yun”. Coupled with delayed revenue in the first quarter, this partially offset seasonal weakness. The bank's net revenue forecast for NetEase for 2025 to 27 decreased by 2.1%, 0.4%, and 3.2%, respectively, and its non-GAAP net profit forecast decreased by 1.7%, 1%, and 2.8%, respectively, to reflect the reduction in the 2025 computer game revenue forecast. The bank will slightly raise its target price from $156 to $157, maintaining a “buy” rating.