NTES

Over the past six months, NetEase's stock price declined by 17.16% from $144.00 on September 8, 2025, to $119.29 on September 4, 2026, influenced by earnings reports and broader market sentiment. For Q1 2026, reported May 21, 2026, the company announced an EPS of $2.53, exceeding analysts' expectations of $2.02, with revenue growth expected from online games and value-added services. Q2 2026 earnings, reported August 19, 2026, posted an EPS of $1.77, missing analysts' expectations of $2.28, which led to a stock drop despite a 9.7% year-on-year revenue increase in core gaming, due to higher research and development expenses. NetEase has consistently paid quarterly dividends, with a Q4 2025 ordinary cash dividend of $0.232 per share ($1.16 per ADS) approved, payable on March 25, 2026, and a 9.25% dividend growth suggesting management confidence. A minor risk of shareholder dilution was identified in April 2026, with a 3.0% increase in shares outstanding over the past year.