New Game Launches Critical for NetEase's Shares Re-rating -- Market Talk

Dow Jones

May 22

0752 GMT - New game launches will be key for the re-rating of NetEase's shares, HSBC analysts say in a note. The bank now expects "Ananta" to be launched in early 2027 instead of 4Q this year and the next catalyst will be "Sea of Remnants," which could be launched in the summer. The brightest spot from its 1Q results is the strong gross margin expansion, thanks to the rising mix of self-developed PC games and mobile channel cost optimization, the analysts say. They think the revenue beat was likely driven by the recognition of deferred revenue accumulated in the past two quarters. HSBC lowers its target price for NetEase's ADRs to US$162.00 from US$170.00 due to the likely later-than-expected "Ananta" release. Its ADR ended 2.1% lower at US$114.34. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

May 22, 2026 03:52 ET (07:52 GMT)

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The bank now expects \"Ananta\" to be launched in early 2027 instead of 4Q this year and the next catalyst will be \"Sea of Remnants,\" which could be launched in the summer. The brightest spot from its 1Q results is the strong gross margin expansion, thanks to the rising mix of self-developed PC games and mobile channel cost optimization, the analysts say. They think the revenue beat was likely driven by the recognition of deferred revenue accumulated in the past two quarters. HSBC lowers its target price for NetEase's ADRs to US$162.00 from US$170.00 due to the likely later-than-expected \"Ananta\" release. Its ADR ended 2.1% lower at US$114.34. (sherry.qin@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2026 03:52 ET (07:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Game Launches Critical for NetEase's Shares Re-rating -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Game Launches Critical for NetEase's Shares Re-rating -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-22 15:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0752 GMT - New game launches will be key for the re-rating of NetEase's shares, <a href=\"https://laohu8.com/S/HSBC\">HSBC</a> analysts say in a note. The bank now expects \"Ananta\" to be launched in early 2027 instead of 4Q this year and the next catalyst will be \"Sea of Remnants,\" which could be launched in the summer. The brightest spot from its 1Q results is the strong gross margin expansion, thanks to the rising mix of self-developed PC games and mobile channel cost optimization, the analysts say. They think the revenue beat was likely driven by the recognition of deferred revenue accumulated in the past two quarters. HSBC lowers its target price for NetEase's ADRs to US$162.00 from US$170.00 due to the likely later-than-expected \"Ananta\" release. Its ADR ended 2.1% lower at US$114.34. (sherry.qin@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2026 03:52 ET (07:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NTES","symbol_name":"网易","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2637538391","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2637538391","pubTimestamp":1779436320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0752 GMT - New game launches will be key for the re-rating of NetEase's shares, HSBC analysts say in a note. The bank now expects \"Ananta\" to be launched in early 2027 instead of 4Q this year and the next catalyst will be \"Sea of Remnants,\" which could be launched in the summer. The brightest spot from its 1Q results is the strong gross margin expansion, thanks to the rising mix of self-developed PC games and mobile channel cost optimization, the analysts say. They think the revenue beat was likely driven by the recognition of deferred revenue accumulated in the past two quarters. HSBC lowers its target price for NetEase's ADRs to US$162.00 from US$170.00 due to the likely later-than-expected \"Ananta\" release. Its ADR ended 2.1% lower at US$114.34. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"NTES":"网易","09999":"网易"},"translate_title":"新游戏推出对网易股票重新评级至关重要——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NTES":1.5,"09999":1.5},"content_text":"0752 GMT - New game launches will be key for the re-rating of NetEase's shares, HSBC analysts say in a note. The bank now expects \"Ananta\" to be launched in early 2027 instead of 4Q this year and the next catalyst will be \"Sea of Remnants,\" which could be launched in the summer. The brightest spot from its 1Q results is the strong gross margin expansion, thanks to the rising mix of self-developed PC games and mobile channel cost optimization, the analysts say. They think the revenue beat was likely driven by the recognition of deferred revenue accumulated in the past two quarters. HSBC lowers its target price for NetEase's ADRs to US$162.00 from US$170.00 due to the likely later-than-expected \"Ananta\" release. Its ADR ended 2.1% lower at US$114.34. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 22, 2026 03:52 ET (07:52 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"productRelease","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}