2024-02-23 10:57:51 ET
Summary
- NetEase is expected to report decent full-year results, with improved operational efficiency and successful game releases.
- The company has a strong financial position with a large cash reserve and minimal debt.
- Revenues have been mixed, but margin expansions and improved ROA and ROE indicate positive performance.
- Recently-released games performed very well, which tells me that the company may continue to find cash cows in new titles going forward.
Investment Thesis
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For further details see:
NetEase Earnings: Mobile Games Are Here To Stay And Will Dominate