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- Benzinga
NetEase's Q1 Earnings: Gaming Giant Shows Resilience with Growth in Cash Flow and Cloud Music
NetEase, Inc (NASDAQ:NTES) reported fiscal first-quarter 2024 revenue growth of 7.2% year-on-year to $3.72 billion (26.9 billion Chinese yuan), missing the analyst consensus estimate of $3.79 billion. The Chinese gaming player's adjusted EPADS of $1.81 beat the analyst consensus estimate of $1.79. Segments and margins: Games and related value-added services revenues grew 7.0% year over year to $3.0 billion. The corresponding gross margin increased by 280 bps to 69.5%, attributable to changes in
- Simply Wall St.
Is There An Opportunity With NetEase, Inc.'s (NASDAQ:NTES) 36% Undervaluation?
Key Insights NetEase's estimated fair value is US$153 based on 2 Stage Free Cash Flow to Equity Current share price of...
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