NetEase Stock Surges 14.61% to 188th in Daily Rankings on Strong Q1 Earnings

Generated by AI AgentAinvest Market Brief
Thursday, May 15, 2025 7:58 pm ET1min read
NTES--

On May 15, 2025, NetEaseNTES-- Inc. (NTES) saw a significant surge in trading volume, with a turnover of $515 million, marking a 532.89% increase from the previous day. This substantial rise placed NTESNTES-- at the 188th position in the daily stock market rankings. The company's stock price increased by 14.61%, marking the second consecutive day of gains, with a total increase of 15.38% over the past two days.

NetEase Inc. reported strong first-quarter earnings, driving its stock price higher. The company's gaming revenue saw a notable 12.1% increase, surpassing market expectations. This performance was a key driver behind the stock's surge, reflecting the company's robust financial health and market confidence.

NetEase's net profit for the first quarter rose by 35% to $1.43 billion, significantly exceeding analyst estimates. This marks the second consecutive quarter of profit gains for the company. The revenue for the quarter climbed 7.4% to $4.01 billion, further solidifying NetEase's position as a leader in the Chinese video game industry.

The strong earnings report was driven by better-than-expected sales, particularly in the gaming sector. NetEase's game sales rose by 12%, contributing to the overall revenue growth. The company's total revenue for the first quarter reached 28.83 billion yuan, surpassing the estimated 28.49 billion yuan.

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