NTES

NeteaseC

Nasdaq / Media & Entertainment

At close

2026-06-02

Current thesis

The company-source print supports a cautiously positive post-earnings view: total revenue grew 6.1% y/y, gross profit grew 14.8% y/y, and games and related value-added services revenue rose to RMB25.7bn. Third-party earnings coverage also reported revenue and adjusted EPS above consensus, while Benchmark reiterated Buy with a $158 target after the print.

Posture

Mixed

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta -0.3.

What can break

Core revenue remains heavily concentrated in games, so engagement, hit cadence, and platform revenue-sharing economics are the main swing factors.

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $125.00 · Bull $150.00 · Bear $95.00

Data freshness

Prices

As of 2026-06-02

Fundamentals

As of 2026-06-01 • Vendor: Data Vendor v1

Scores

As of 2026-06-02 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-24 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-06-02

Supporting evidence

What

Grade C · Mixed

Confidence Medium · Net Neutral

Target $158.77

Why

Momentum48 · Δ7d +11.6

Value64 · Δ7d -0.3

Sentiment50 · Δ7d -25.5

So what

Balanced signals (Net Neutral). Wait for confirmation before sizing up.

Lead driver: Value · See fundamentals

Momentum

34% active weight

Current posture

7d trendImproving

Δ7d

+11.6

Δ21d

+24.0

Value

32% active weight

Current posture

7d trendFlat

Δ7d

-0.3

Δ21d

-0.5

Sentiment

33% active weight

Current posture

7d trendSoftening

Δ7d

-25.5

Δ21d

Why this grade

Composite grade C. Momentum 48.2 / Value 63.9 / Sentiment 50.2

Fundamentals (TTM)

As of 2026-06-01

Market Cap

$77.76B

Beta

0.72

Shares Out

3.17B

P/E (TTM)

17.9

P/S (TTM)

5.74

P/FCF (TTM)

19.14

Rev YoY

+8.2%

EPS YoY

+31.8%

Gross Margin

+63.5%

Op Margin

+31.6%

Net Debt

-$17.41B

Current Ratio

3.42

As of 2026-06-02 • Updated nightlySource: Internal modelMethodology