Financial PerformanceNetEase's gross profit margin increased to 62.9%, surpassing consensus expectations, due to a favorable shift in revenue mix and effective game streaming cost control.
Product SuccessSeveral newly launched games, including Naraka: Bladepoint Mobile, have achieved early success, ranking among the top grossing on iOS charts.
ValuationNetEase's valuation offers attractive value with a non-GAAP PE ratio of 13x, supported by a strong games revenue growth outlook.