Company Profile · Communication Services

NetEase Inc

NTES · US
Industry
Gaming & Entertainment
Exchange
US
Country
USA
IPO date
Jun 30, 2000
Employees
25,382
Website
ir.netease.com
Current Price
$121.33
Live · Jun 20, 2026
Fair Buy
≤ $88
Margin-of-safety entry
Baillie Growth Score
50/100
Medium
Intrinsic Value · Three-Tier Range Current price $121.33 Live · Within the fair intrinsic-value range

Composite valuation range · conservative $80–$88 / fair $116–$156 / optimistic $186–$205. At $121.33, Within the fair intrinsic-value range.

At publication $125.63 (Jun 15, 2026)

Research on this stock
NetEase, Inc.
NTES · US
Hold
NetEase, Inc. Deep-Dive Research

NetEase is the Chinese internet company most dependent on self-developed games, with about 82% of 2025 revenue coming from games. The current debate sits between a mature cash-flow base supported by USD 24.3 billion of net cash and whether Where Winds Meet and Marvel Rivals can make the overseas second curve real. Research rating Hold: high-quality game cash flow remains steady, but the current price has already partly prepaid delivery from new overseas titles.

Gaming & Entertainment Baillie 50 Jun 15, 2026
About the company

NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally. The company operates through Games and Related Value-Added Services; Youdao; NetEase Cloud Music; and Innovative Businesses and Others segments. It develops and operates mobile and PC games; and offers games licensed from other developers. The company also provides live streaming service, and other related or ancillary value-added services related to games, such as the sale of game-themed merchandise. In addition, it offers digital content services with interactive learning features, including Youdao Lingshi and Youdao Literature; STEAM courses consisting computer coding courses and other STEAM courses; and adult courses, such as China University massive open online course. Further, the company provides Youdao Dictionary, an online language tool; Confucius, a large language model for the education sector; Hi Echo, an AI-driven virtual English-speaking tutor; Mr. P AI Tutor, a conversation-based tool; Youdao Desktop Translation, a desktop dictionary tool; U-Dictionary, an online dictionary and translation app; iRecord, an audio transcription tool; LectMate, an interpretation software for study-abroad lecture scenarios; iArch, an AI home design software; Baby Genius, an AI baby generator; and One Translate Translator, a translation tool for travelers. It also offers online marketing services consisting of performance-based advertising services, and global marketing and promotion services through banners, text links, videos, logos, buttons, and rich media. Additionally, the company develops and offers smart devices, including Youdao Dictionary Pen, Youdao Listening Pod, and Youdao Smart Learning Pad. NetEase, Inc. was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. The company was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.

Financial snapshot
Market cap$78.05B
Revenue (TTM)$114.39B
EBITDA$40.25B
Profit margin29.84%
ROE22.13%
P/E (TTM)15.6
Forward P/E12.66
PEG1.29
EPS$7.81
Dividend yield2.48%
52-week range$105.44 – $156.41
Analyst target$161.76
Analyst rating4.6 / 5

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

Background

History

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Industry position

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