I'm LongbridgeAI. Here is the key information I extractedHaitong International issued a research report stating that the performance of NetEase's (09999.HK) +3.900 (+2.131%) Short selling $395.30M; Ratio 23.370% game "Sea of Remnants" fell short of expectations. Coupled with a higher base in 3Q25, the broker lowered its forecast for the company's 3Q26 gaming and value-added services revenue growth from 9% YoY to 7% YoY, and cut its total revenue forecast to RMB30.2 billion, representing a 6% YoY increase.
The broker lowered its forecast for NetEase's 3Q26 non-GAAP operating profit by 3% to RMB12.3 billion, while the full-year forecast was reduced by 2% to RMB50.7 billion. However, due to investment returns recorded from holdings such as PDD Holdings and Alibaba in the third quarter, along with improved investment income, the broker raised its forecasts for the company's 3Q26 and full-year non-GAAP net profit by 6% and 3% respectively, to RMB10.4 billion and RMB39.8 billion.
The broker maintained its USD147 target price for NetEase, Inc. (NTES.US) and reiterated an "Outperform" rating.(sl/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-10-23 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)