NetEase Inc Ordinary Shares

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NetEase Earnings: AI as a Force Multiplier; Market Misreads Deferred Revenue; Shares Undervalued

Ivan Su

Feb 12, 2026

NetEase reported 4% year-on-year growth in fourth-quarter game revenue, while total billings (including deferred revenue) rose 10%. Operating profit grew 6%. Management emphasized on the earnings call that NetEase stands to benefit from artificial intelligence rather than be challenged by it.

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NetEase Inc Ordinary Shares

NetEase Earnings: AI as a Force Multiplier; Market Misreads Deferred Revenue; Shares Undervalued

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