U.S. Stock Market News: NetEase Jumps 3% in Pre-market Trading; Citibank Forecasts 11% YoY Growth in NetEase's Q2 Revenue
2025-08-04 / Read about 0 minute
Author:小编   

NetEase's shares surged 3% in pre-market trading on U.S. exchanges, buoyed by Citibank's expectations that the company's second-quarter financial results will meet projections. This optimism stems primarily from the strong performance of multiple games and the recognition of deferred revenue. Consequently, Citibank marginally raised NetEase's target price, maintained a 'Buy' rating, and expressed confidence in the company's profitability and cash flow. According to Citibank's estimates, NetEase's total revenue for the second quarter is projected to grow by 11% year-over-year, with online game revenue anticipated to increase by 15.2%. Looking ahead, several upcoming NetEase games are poised to fuel continued growth in the company's gaming revenue.