NetEase Inc. Prepares for Third‑Quarter 2025 Financial Release

NetEase Inc. (NASDAQ: NTES; HKEX: 9999) is scheduled to announce its third‑quarter 2025 earnings on November 20, 2025. The announcement follows a series of developments that underscore the company’s continued momentum in the global entertainment and internet‑services arena.


Market Snapshot

  • Close Price (2025‑11‑06): 219 HKD
  • 52‑Week High: 248 HKD (as of 2025‑09‑16)
  • 52‑Week Low: 116 HKD (as of 2024‑11‑10)
  • Market Capitalisation: 663 230 000 000 HKD
  • Price‑to‑Earnings Ratio: 19.04

These figures reflect a steady upward trajectory for the stock, with the 52‑week high indicating investor confidence in NetEase’s growth prospects.


Strategic Highlights

  • International Expansion: NetEase continues to broaden its footprint in Japan and North America, leveraging its robust online gaming, e‑commerce, and media platforms.
  • Innovation Pipeline: The company’s new “FWJ” servers, announced in a recent research note, demonstrate improved performance for both PC and mobile gaming segments.
  • Resilient Seasonal Performance: The “FWJ Mobile” and “Where Winds Meet” titles have shown a strong seasonal recovery, contributing to the company’s overall resilience amid competitive market conditions.

Analyst Outlook

Citi has maintained its “Buy” recommendation for NetEase, projecting a slight beat over the forthcoming third‑quarter results. The research note highlights:

  • Strong server upgrades for the “FWJ” platform, expected to enhance user engagement and monetisation.
  • Seasonal recovery in mobile gaming, suggesting continued demand for NetEase’s titles during peak periods.
  • Positive market sentiment reflected in the current share price movement and the modest P/E ratio, which positions NetEase favourably against peers in the communication services sector.

Investor Implications

  • Valuation: With a P/E of 19.04, NetEase trades within a reasonable range for a leading internet technology company that offers diversified revenue streams across gaming, e‑commerce, and media.
  • Growth Potential: The company’s expansion into international markets, coupled with technological upgrades, is expected to drive incremental revenue and broaden its user base.
  • Risk Factors: As a technology firm, NetEase faces regulatory scrutiny in multiple jurisdictions and must continually innovate to stay ahead of competitors.

Upcoming Event

Third‑Quarter 2025 Financial Results – November 20, 2025

Investors and analysts will be keen to assess NetEase’s quarterly performance against Citi’s expectations. Key metrics to watch include revenue growth, operating margin, and user acquisition figures across its gaming and e‑commerce platforms.


In sum, NetEase Inc. stands on a solid footing, supported by a strong market position, strategic international growth, and positive analyst sentiment. The forthcoming third‑quarter earnings release will be a critical barometer for the company’s trajectory in 2025.