Narrow-moat NetEase delivered a strong first quarter and comfortably beat consensus expectations. Operating profit grew 21% year on year on just 6% revenue growth, in a quarter without any major game launch.
The overseas success of Marvel Rivals and Where Winds Meet may signal the early stages of a broader and more sustainable international expansion for NetEase.
NetEase’s historical strength in MMORPGs could become a long‑term vulnerability if player preferences continue shifting toward faster‑paced, session‑based, or socially driven genres.
|
Metric
|
NTES
|
TTWO
|
3659
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.60 | 66.07 | 19.59 |
Price/Book Value | 3.37 | 11.18 | 1.63 |
Price/Sales | 5.04 | 5.85 | 3.71 |
Price/Cash Flow | 13.13 | 23.87 | 16.44 |
|
Metric
|
NTES
|
TTWO
|
3659
|
|---|---|---|---|
Quick Ratio | 3.09 | 1.09 | 2.82 |
Current Ratio | 3.28 | 1.24 | 4.44 |
Interest Coverage | — | −0.75 | 10.82 |
|
Metric
|
NTES
|
TTWO
|
3659
|
|---|---|---|---|
Return on Assets (Normalized) | 18.37% | −0.30% | — |
Return on Equity (Normalized) | 25.53% | −0.91% | — |
Return on Invested Capital (Normalized) | 21.56% | 0.46% | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| NetEase Inc Ordinary Shares
NETTF
| — | Hswrhg | $82B | |||
| Nintendo Co Ltd
NTDOF
| — | Mgqq | $52B | |||
| Nintendo Co Ltd ADR
NTDOY
| — | Zsb | $52B | |||
| Electronic Arts Inc
EA
| Sffgtmq | Tpmphsm | $51B | |||
| Take-Two Interactive Software Inc
TTWO
| Skmpnplw | Grwpjrd | $39B | |||
| Roblox Corp Ordinary Shares - Class A
RBLX
| Lvlqbwxdz | Fgczt | $31B | |||
| Konami Group Corp ADR
KONMY
| — | Fgmttg | $16B | |||
| NEXON Co Ltd ADR
NEXOY
| — | Mzyqms | $11B | |||
| GigaMedia Ltd
GIGM
| — | Mmdlq | $15M |
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United States