Report

NTES 1Q23 Results: Gaming to Remain Resilient in FY23

What's new: NetEase’s reported 1Q23 results were above consensus and our expectations driven by resiliency in the gaming segment, which could continue throughout FY23 with the launch of new game titles such as Justice Mobile and Badlanders in the domestic market. We maintain our PT at USD 95.

Analysts:
Jin Yoon
Underlyings
NetEase Inc. Sponsored ADR

Provider
New Street Research
New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Analysts
Jin Yoon

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