NetEase: A Closer Look at the Game Pipeline.

Netease Q3 Update: Awaiting New Blockbuster Games

We Expect Mobile Game Softness at Netease to Remain in 2017

NetEase's New Game, Onmyoji, a Big Hit. Upgrade to Forecasts but Concern over Valuation Remains.

NetEase: Maturing Game Titles Lead to Weaker Results

Netease (Neutral) Looks to an IPO for Its Mobile News App.

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Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/17203" target="_blank" data-smartkarma-citation="entities:17203:1">Netease's (NTES US)</a> 1Q17 results were in line with our expectations (but ahead of consensus) on profitability. We continue to see strong growth in mobile games revenue with 1Q &gt; 4Q, reflecting a solid contribution from deferred revenue following the launch of Onmyoji in 4Q. PC game revenue also grew YoY (but declined QoQ). These were good numbers but the stock has struggled to cement gains since and they do not make us more positive on the stock either.  One area of caution is that deferred…</p>

Netease's (NTES US) 1Q17 results were in line with our expectations (but ahead of consensus) on profitability. We continue to see strong growth in mobile games revenue with 1Q &gt; 4Q, reflecting a solid contribution from deferred revenue following the launch of Onmyoji in 4Q. PC game revenue also grew YoY (but declined QoQ). These were good numbers but the stock has struggled to cement gains since and they do not make us more positive on the stock either.  One area of caution is that deferred…

NetEase Delivers Strong Growth but Questions Remain About Deferred Income Progression

NetEase Inc

NetEase Delivers Strong Growth but Questions Remain About Deferred Income Progression