---
title: "Citi Expects NetEase, Inc.  2Q Results to Meet Expectations, Maintains Buy Rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294326756.md"
description: "Citi maintains a Buy rating on NetEase (NTES) with a $174 target price, expecting Q2 results to meet consensus. The broker forecasts Q2 revenue of RMB29.6 billion (+6.1% YoY) and non-GAAP net profit of RMB9.92 billion, driven by game resilience. Citi also projects Q3 revenue at RMB30.7 billion (+8.2% YoY). The bank anticipates optimistic management guidance and expects passive fund inflows to support the stock."
datetime: "2026-07-30T08:27:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294326756.md)
  - [en](https://longbridge.com/en/news/294326756.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294326756.md)
---

# Citi Expects NetEase, Inc.  2Q Results to Meet Expectations, Maintains Buy Rating

Citi published a research report stating that NTES (09999.HK) +3.400 (+1.673%) Short selling $167.13M; Ratio 28.955% will announce its second-quarter results in mid-to-late August. The broker expects overall performance to be broadly in line with its forecasts and market consensus, while maintaining its projections unchanged. It estimated that total revenue for the second quarter will rise 6.1% YoY to RMB29.6 billion, while non-GAAP net profit is expected to reach RMB9.92 billion, supported by the resilience of its existing game portfolio. The broker expects management to maintain an optimistic outlook during the earnings conference and provide further insights into the future growth potential of its gaming business.

The broker maintained its earnings forecasts for 2026 to 2028 unchanged. It kept the US stock TP for NetEase, Inc. (NTES.US) at USD174 and maintained the Buy rating. Citi expects passive fund inflows and increased interest from southbound funds to support the share price. Looking ahead to the third quarter, the broker forecast total revenue of RMB30.7 billion for NetEase, representing a YoY increase of 8.2%. It also estimated third-quarter non-GAAP net profit at RMB10.2 billion, compared with market expectations of RMB10.3 billion. (gc/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-30 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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