最新ニュース NetEase (NASDAQ:NTES) 株価情報

NETEASE INC-ADR

NetEase

Founded in the late 1990s as an internet portal, NetEase has transformed into a leading force in the second-largest online game company gaming in China. While its initial success was built upon the massively multiplayer online role-playing game Fantasy Westward Journey, NetEase has expanded its portfolio with captivating franchises that resonate with both domestic and international players. Over the past decade, the company has created titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which maintain significant player bases today. Beyond in-house development, the company also collaborates with likes of Microsoft and Marvel to create and publish games based on renowned IPs, including World of Warcraft, Diablo Immortal, and Marvel Rivals.

NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares

NetEase Inc

Barclays analyst Jiong Shao maintains NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) with a Equal-Weight and raises the price target from $104 to $118.

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NTES

Barclays Maintains Equal-Weight on NetEase, Raises Price Target to $118

U.S. stocks were lower, with the Nasdaq Composite falling around 100 points on Thursday.
Shares of Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) rose sharply during Wednesday's session following better-than-<a href="https://www.benzinga.com/quote/DE/earnings">expected quarterly results.</a>
Deere posted quarterly earnings of $6.64 per share, beating market estimates of $5.59 per share. The company's quarterly sales came in at $12.76 billion versus expectations of $10.79 billion.
Deere shares jumped 4.9% to $521.76 on Thursday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul class="wp-block-list">
<li>Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) shares gained 82.7% to $23.51 after DICK&#8217;s Sporting Goods agreed to acquire the company. Also, the company issued preliminary Q1 non-GAAP EPS results.</li>
<li>Ibotta, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBTA#NYSE">IBTA</a>) jumped 20.8% to $60.57 after the company reported better-than-expected first-quarter financial results and Needham raised its price target on the stock from $60 to $70.</li>
<li>Boot Barn Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) gained 17% to $154.79 after the company issued first-quarter guidance with its midpoint above estimates and announced a $200 million share repurchase program.</li>
<li>DLocal Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLO#NASDAQ">DLO</a>) gained 15.7% to $11.79 after the company reported better-than-expected first-quarter EPS and sales.</li>
<li>NV5 Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVEE#NASDAQ">NVEE</a>) rose 15.4% to $21.76 after the company announced a merger agreement with Acuren.</li>
<li>Gaotu Techedu Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) gained 15.3% to $4.38 after the company reported a year-over-year increase in first-quarter sales results.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) rose 13.7% to $390.00.</li>
<li>VEON Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEON#NASDAQ">VEON</a>) rose 13.3% to $55.46 after the company reported better-than-expected first-quarter EPS and sales.</li>
<li>NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) gained 13.1% to $121.13 after the company reported better-than-expected first-quarter earnings and sales.</li>
<li>Nextracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) rose 11.6% to $61.42 following upbeat quarterly results.</li>
<li>STERIS plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STE#NYSE">STE</a>) gained 7.8% to $245.31 following strong quarterly earnings.</li>
<li>Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) jumped 5.7% to $64.81 after the company reported better-than-expected third-quarter financial results and raised its FY25 guidance.</li>
</ul>
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Deere Posts Upbeat Earnings, Joins Foot Locker, Boot Barn, Cisco And Other Big Stocks Moving Higher On Thursday

NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>)&nbsp;reported <a href="https://www.benzinga.com/pressreleases/25/05/n45430035/netease-announces-first-quarter-2025-unaudited-financial-results" target="_blank" rel="noreferrer noopener">fiscal first-quarter</a> results on Thursday. The company&#8217;s quarterly revenue increased 7.4% year-on-year to $3.97 billion (28.8&nbsp;billion Chinese yuan), topping the&nbsp;analyst consensus estimate of $3.87 billion.
The Chinese gaming&nbsp;player&#8217;s&nbsp;adjusted EPADS of $2.41 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate</a> of $2.01.
Segments and margins: Games and related value-added services revenues rose 12.1%&nbsp;to $3.3 billion.&nbsp;The corresponding gross margin decreased by 62 bps to 68.8%, mainly attributable to higher revenue contributions from licensed games, which have comparatively lower gross profit margins.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/02/43860342/netease-q4-earnings-revenue-miss-gaming-and-cost-controls-drive-margins-boosts-dividend" rel="noreferrer noopener">NetEase Q4 Earnings: Revenue Miss, Gaming and Cost Controls Drive Margins, Boosts Dividend</a>
Youdao,&nbsp;Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAO#NYSE">DAO</a>) revenue declined by 6.7%&nbsp;to $178.9 million,&nbsp;and&nbsp;the corresponding gross margin declined by 165 bps to 47.3%, primarily due to a&nbsp;decrease in net revenues from its learning services.
NetEase Cloud&nbsp;Music&#8217;s&nbsp;revenues were $256.1 million, down 8.4%, and its gross margin declined by 123 bps to 36.7%, primarily due to decreased net revenues from its social entertainment services.
Innovative businesses and other revenue declined 17.6%&nbsp;to $223.8 million due to decreased net revenues from Yanxuan, advertising services, and the gross margin increased by 534 bps to 38.8%.
As&nbsp;of March 31, 2025, NetEase held $18.9 billion in cash and equivalents and generated $1.7 billion in operating cash flow.
Dividend:&nbsp;The board of directors approved a dividend of&nbsp;$0.6750&nbsp;per ADS for the first quarter of 2025 versus $1.22025&nbsp;per ADS for the fourth quarter.
Price Action: NetEase stock is up 8.39% at $116.10, and Youdao stock is up 12.0% at $9.72 premarket at the last check on Thursday.
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Image by Sergei Elagin via Shutterstock

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China's NetEase Stock Pops On Q1 Performance Fueled By Gaming Growth, Strong Cash Flow

WIIM

NetEase shares are trading higher after the company reported better-than-expected Q1 EPS and sales.

Earnings Misses

NetEase Q1 Adj. EPS $2.41 Beats $2.01 Estimate, Sales $3.97B Beats $3.87B Estimate

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Earnings Scheduled For May 15, 2025

Wall Street opened Tuesday with cautious gains after inflation data for April came in cooler than expected, calming investor concerns over <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45374267/inflation-eases-in-april-as-trumps-tariffs-dont-push-prices-higher">tariff-driven price spikes. </a>
April's inflation report showed consumer prices rising 2.3% year over year, slightly below the 2.4% forecast and down from the previous month's reading of 2.4%. On a monthly basis, prices increased 0.2%, rebounding from March's 0.1% decline but missing expectations of a 0.3% gain.
Core inflation, which excludes food and energy, held steady at 2.8% annually—matching both March&#8217;s figure and economists' forecasts. Month over month, core prices rose 0.2%, a modest acceleration from March's 0.1% increase but still softer than the expected 0.3%.
Shelter remained a major contributor to inflation, rising 0.3% in April and accounting for over half of the monthly increase in the overall Consumer Price Index. Meanwhile, several categories posted price declines, including airline fares, used cars and trucks, communication services and apparel.
Despite inflation coming in below forecasts, expectations for interest rate cuts held steady. Traders still see just an 8% chance of a cut in June, rising to 38% for July. Markets continue to price in a total of 60 basis points in rate reductions by year-end, well below the almost 75 basis points priced a week ago.
The Nasdaq 100 led major benchmarks, rising 0.37% and on track to open at its highest level in 10 weeks.
<h3 class="wp-block-heading">Index Moves: Nasdaq Shakes Off Bear Market</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Index</th>
<th>Level</th>
<th>Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>S&amp;P 500</td>
<td>5852.58</td>
<td>+0.14%</td>
</tr>
<tr>
<td>Dow Jones Industrial Average</td>
<td>42268</td>
<td>-0.33%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20945</td>
<td>+0.37%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 9:15 a.m. ET</figcaption></figure>
Since its April low, the tech-heavy benchmark – as tracked by the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) – has rallied 27%, sharply rebounding from last month's bear market triggered by the implementation of Trump's new tariffs on April 2.
Semiconductors remained the strongest segment within tech. The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) added another 0.7% in premarket after an explosive 7.2% surge Monday, buoyed by investor optimism following the U.S.-China trade truce.
<h3 class="wp-block-heading">Top Post-CPI Movers: Financials Lead</h3>
Shares of credit and fintech firms jumped in the 30 minutes following the inflation report:
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Change (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>)</td>
<td>+2.42%</td>
</tr>
<tr>
<td>American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>+2.33%</td>
</tr>
<tr>
<td>NetEase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>)</td>
<td>+1.97%</td>
</tr>
<tr>
<td>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>)</td>
<td>+1.85%</td>
</tr>
<tr>
<td>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>)</td>
<td>+1.44%</td>
</tr>
<tr>
<td>Royal Caribbean Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>)</td>
<td>+1.31%</td>
</tr>
<tr>
<td>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>+1.12%</td>
</tr>
<tr>
<td>Lowe's Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>)</td>
<td>+1.09%</td>
</tr>
<tr>
<td>ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>)</td>
<td>+0.96%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500 Premarket Gainers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Change (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>)</td>
<td>+9.73%</td>
</tr>
<tr>
<td>Live Nation Entertainment Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>)</td>
<td>+3.53%</td>
</tr>
<tr>
<td>Air Products and Chemicals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>)</td>
<td>+3.42%</td>
</tr>
<tr>
<td>Western Digital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</td>
<td>+2.92%</td>
</tr>
<tr>
<td>Builders FirstSource Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>)</td>
<td>+2.31%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500 Premarket Losers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Change (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>)</td>
<td>-9.78%</td>
</tr>
<tr>
<td>Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>)</td>
<td>-5.11%</td>
</tr>
<tr>
<td>Texas Pacific Land Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>)</td>
<td>-4.05%</td>
</tr>
<tr>
<td>Elevance Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>)</td>
<td>-3.78%</td>
</tr>
<tr>
<td>PPG Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>)</td>
<td>-3.51%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45373368/unitedhealth-stock-plunges-names-new-ceo-suspends-2025-guidance">UnitedHealth Names New CEO, Suspends 2025 Guidance, Stock Plunges </a></li>
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Image created using artificial intelligence via Midjourney.

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Shares of companies within the broader communication services sector are trading higher amid overall market strength after the US and China agreed to a temporary reduction in most tariffs on each other's goods.

Shares of Chinese internet and gaming giant NetEase Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) rose 3.2% to $106.80 Monday morning, following news that the U.S. and China had agreed to a <a href="https://www.benzinga.com/markets/equities/25/05/45341884/apple-amazon-nvidia-rise-in-monday-premarket-as-us-china-agree-to-90-day-tariff-truce-neither-side-wants-a-decoupling">temporary easing</a> of tariffs.
What To Know: The 90-day agreement, reached after high-level trade talks in Switzerland, will see most reciprocal <a href="https://www.benzinga.com/topic/tariffs">tariffs</a> reduced, from punitive rates of up to 125% down to 10%, boosting sentiment around Chinese technology exporters.
NetEase, which generates a significant portion of its revenue from online gaming, cloud services and e-commerce platforms, has been especially vulnerable to tensions affecting data flows, intellectual property scrutiny and cross-border licensing. 
The rollback of non-tariff measures, including restrictions on key U.S. software exports and payment processing sanctions, directly benefits NetEase's global gaming distribution and overseas app monetization.
Additionally, the agreement could potentially accelerate regulatory approvals for its international titles and bolster confidence in its U.S.-based partnerships, such as those in mobile gaming and AI development.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45346035/bitcoin-ethereum-xrp-dogecoin-hold-gains-as-us-china-agree-to-lower-tariffs">Bitcoin, Ethereum, XRP, Dogecoin Hold Gains As US, China Agree To Lower Tariffs</a>
<h2 class="wp-block-heading">How To Buy NTES Stock</h2>
By now you're likely curious about how to participate in the market for NetEase &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of NetEase, which is trading at $106.80 as of publishing time, $100 would buy you 0.94 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, NTES has a 52-week high of $110.66 and a 52-week low of $75.85.

NetEase (NTES) Stock Rallies As Easing Trade Tensions Lift Chinese Tech

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">Playtika Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTK#NASDAQ">PLTK</a>)</h3>
<ul>
<li>Dividend Yield: 7.65%</li>
<li>Morgan Stanley analyst Matthew Cost maintained an Equal-Weight rating and cut the price target from $7.25 to $5.75 on April 17, 2025. This analyst has an accuracy rate of 61%.</li>
<li>Citigroup analyst Jason Bazinet maintained a Buy rating and lowered the price target from $10 to $9 on March 7, 2025. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: Playtika Holding will release financial results for the first quarter before the opening bell on Thursday, May 8.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0429">PLTK news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0429"><img loading="lazy" decoding="async" width="912" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071054/image-209.png" alt="" class="wp-image-892557" style="width:550px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071054/image-209.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071054/image-209-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071054/image-209-768x709.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
<h3 class="wp-block-heading">NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>)</h3>
<ul>
<li>Dividend Yield: 2.46%</li>
<li>Barclays analyst Jiong Shao maintained an Equal-Weight rating and raised the price target from $82 to $104 on Feb. 24, 2025. This analyst has an accuracy rate of 66%.</li>
<li>Benchmark analyst Fawne Jiang maintained a Buy rating and raised the price from $105 to $115 on Feb. 21, 2025. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On April 15, NetEase announced filing of annual report on Form 20-F for fiscal year 2024.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest NTES <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0429">news </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0429"><img loading="lazy" decoding="async" width="903" height="850" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071138/image-210.png" alt="" class="wp-image-892559" style="width:526px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071138/image-210.png 903w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071138/image-210-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071138/image-210-768x723.png 768w" sizes="(max-width: 903px) 100vw, 903px" /></a></figure>
<h3 class="wp-block-heading">AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</h3>
<ul>
<li>Dividend Yield: 4.07%</li>
<li>Barclays analyst Kanan Venkateshwar maintained an Overweight rating and raised the price target from $27 to $30 on April 25, 2025. This analyst has an accuracy rate of 61%.</li>
<li>Morgan Stanley analyst Simon Flannery maintained an Overweight rating and raised the price target from $30 to $31 on April 24, 2025. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: On April 23, the telecom giant reported quarterly operating revenues of $30.63 billion, up 2.0% year over year. This beat the analyst consensus estimate of $30.35 billion. Adjusted EPS of $0.51 also beat the analyst consensus estimate of $0.49.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0429">latest T news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0429"><img loading="lazy" decoding="async" width="907" height="815" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071212/image-211.png" alt="" class="wp-image-892560" style="width:532px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071212/image-211.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071212/image-211-300x270.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071212/image-211-768x690.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
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<li><a href="https://www.benzinga.com/25/04/45060164/general-motors-coca-cola-and-3-stocks-to-watch-heading-into-tuesday">General Motors, Coca-Cola And 3 Stocks To Watch Heading Into Tuesday</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

PLTK

Wall Street's Most Accurate Analysts Weigh In On 3 Tech And Telcom Stocks Delivering High-Dividend Yields

Analysts from Goldman Sachs have warned that the U.S. tariffs on Chinese imports could put up to 16 million jobs in China at risk, particularly in the manufacturing sector.
What Happened: The bank stated that persistently high U.S.-China tariffs and a significant drop in Chinese exports could put pressure on labor markets. The jobs under threat are primarily involved in the production of exports to the U.S., with nearly a quarter in the wholesale and retail sectors, <a href="https://www.scmp.com/economy/china-economy/article/3308140/us-tariffs-could-endanger-16-million-export-jobs-china-goldman-sachs">reported</a> the South China Morning Post.
"If high US-China tariffs were to persist and Chinese exports were to fall precipitously, labor markets would surely feel the pressure," stated the report
This year, the U.S. has levied tariffs of 145% on Chinese imports, pushing the effective tariff rate to around 156%. In retaliation, Beijing has imposed a 125% tariff on all U.S. goods, in addition to previous duties.
Goldman Sachs highlighted that communication equipment, apparel, and chemical products are more susceptible due to their significant share in US-bound exports from China. The bank also proposed that Chinese manufacturers could relocate production to third countries to circumvent high duties.
The report also noted that the U.S. removal of tariff exemptions for low-value package shipments is putting &#8217;employment pressure&#8217; on China's retail and wholesale sectors.
SEE ALSO:&nbsp;<a href="https://benzinga.com/trading-ideas/movers/25/04/45011721/intel-just-announced-q2-guidance-below-estimates-why-the-stock-is-tumbling" target="_blank" rel="noreferrer noopener">Intel Just Announced Q2 Guidance Below Estimates: Why The Stock Is Tumbling</a>
Why It Matters: Earlier this month,&nbsp;<a href="https://www.benzinga.com/government/regulations/25/04/44740040/chinas-growth-outlook-dims-as-trumps-125-tariffs-put-millions-of-jobs-at-risk-goldman-warns">Goldman Sachs warned</a>&nbsp;about a sluggish economic recovery for China and deep labor market consequences. As per the bank, the tariffs could reduce Chinese real GDP by 2.6 percentage points — with a 2.2 percentage point impact hitting as soon as 2025.
The bank also predicted that the possibility of a U.S.-China decoupling could lead to a massive<a href="https://www.benzinga.com/25/04/44787496/goldman-sachs-warns-25-trillion-sell-off-in-the-extreme-event-of-us-china-decoupling-as-scott-bessent-says-everything-is-on-the-table"> $2.5 trillion </a>sell-off. In an extreme scenario, investors from both countries might be forced to divest their holdings of equities and debt instruments. 
Meanwhile, S&amp;P Global Ratings on Friday stated that Trump's tariff increases are expected to primarily affect China's coastal provinces, including Guangdong, Jiangsu, Shandong, and Zhejiang, along with Shanghai, a key port and financial hub.
That being said, a possible easing of trade tensions,&nbsp;China last week,<a href="https://www.benzinga.com/news/global/25/04/45004954/china-reportedly-begins-exempting-key-us-imports-from-tariffs-including-pharma-and-aerospace-parts"> reportedly began </a>exempting&nbsp;some U.S. imports from high tariffs, including pharmaceutical imports and aerospace parts. Companies in China have been approached by officials to identify essential U.S. goods that are difficult to replace. Furthermore, the 24-member Politburo, led by President Xi Jinping, committed to stabilizing China's economy and employment, and called for support measures for those impacted by tariffs following a meeting last week.
The ADR of Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) climbed 0.8% to close at $120.28 on Friday, while that of PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) rose 0.72% to close at $104.01. Meanwhile, the ADR of NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) slid 0.05% to close at $105.86, as per <a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">BenzingaPro</a>.
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/04/45027945/does-anybody-honestly-believe-manufacturing-is-coming-back-to-the-us-one-person-asked-says-youd-have-to-pay-" target="_blank" rel="noreferrer noopener">&#8216;Does Anybody Honestly Believe Manufacturing Is Coming Back To The US?&#8217; One Person Asked. Says, &#8216;You&#8217;d Have To Pay Americans $40–$50/Hr&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Citigourp Global Markets 2% Protected Notes Linked To The Djia

16 Million Jobs At Risk In China As US Tariffs Hammer Manufacturing And Retail Sectors, Goldman Sachs Warns

The possibility of a U.S.-China decoupling could lead to a massive $2.5 trillion sell-off, according to a recent analysis by Goldman Sachs. 
What Happened: The report suggests that in an extreme scenario, investors from both countries might be forced to divest their holdings of equities and debt instruments. If a decoupling takes place, U.S. investors may be forced to offload nearly $800 billion worth of Chinese stocks listed on American exchanges. On the flip side, China could divest its holdings of U.S. Treasuries and equities, which currently total around $1.3 trillion and $370 billion, respectively, as per a report by the <a href="https://www.scmp.com/business/china-business/article/3306443/us-china-decoupling-could-cost-us25-trillion-extreme-goldman-warns">South China Morning Post</a>. 
Amid the risk of U.S.-China decoupling due to the trade war, the possibility of delisting Chinese companies from US stock exchanges is now being explored. This potential move could affect nearly 300 firms, including some of China&#8217;s biggest tech giants, stated Goldman Sachs. 
The sell-off was driven by the assumption that U.S. investors would face restrictions from US regulations on such investments, as per Goldman.
The investment banking firm anticipates a fresh wave of U.S.-listed Chinese companies to relist in Hong Kong. "We believe potential Hong Kong listing for these companies could probably catalyse a re-rating given the flexibility for U.S. investors to convert their ADRs to Hong Kong shares" event of a sudden liquidity crisis, says Goldman Sachs.
James Wang, head of China strategy at UBS Investment Bank Research, noted that the delisting of Chinese companies from the U.S. could have far-reaching consequences, such as diminished access to the deeper U.S. capital markets, potentially lower valuation multiples due to a shrinking investor base, and reduced liquidity.
Why It Matters: The potential decoupling and subsequent delisting of Chinese companies from U.S. exchanges is a growing concern, especially after Treasury Secretary Scott Bessent stated that the delisting of U.S.-listed Chinese companies was once again being considered. During an interview with Fox Business, Bessent stated, "Everything is on the table," when asked about possible actions against Chinese companies. 
According to the U.S.-China Economic and Security Review Commission, as of March 7, a total of 286 mainland Chinese companies were listed on the New York Stock Exchange, NYSE American, and Nasdaq, with a combined market capitalization of $1.1 trillion. 
The Hang Seng Tech Index, which lost over $350 billion in market value since March of that year, is under the shadow of geopolitical tensions and <a href="https://www.benzinga.com/markets/25/04/44761071/are-chinese-tech-stocks-at-a-serious-risk-amid-escalating-trade-war-delisting-is-moving-up-in-the-list-of-retaliatory-options-says-analyst">potential U.S. sanctions</a>. These measures, including restrictions on financial holdings or additional sanctions, represent a &#8220;serious risk,&#8221; as stated by Bush Chu, an investment manager at Aberdeen Investments.
The ADR of Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) climbed 3.4% to close at $107.73 on Friday, while that of PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) rose 2.43% to close at $90.50. Meanwhile, ADR of NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) rose 5.36% to close at $99.35, as per <a href="https://www.benzinga.com/pro/">BenzingaPro</a>. 
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Goldman Sachs Warns $2.5 Trillion Sell-Off In The Extreme Event Of US-China Decoupling As Scott Bessent Says 'Everything Is On The Table'

BIDU

XPEV

Shares of Chinese stocks are trading higher. Chinese stocks may be volatile amid the escalation of US-china trade tensions.

U.S. stock futures were lower this morning, with the Dow futures falling more than 700 points on Monday.
Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell sharply in today's <a href="https://www.benzinga.com/quote/TSLA">pre-market trading</a>.
Shares of auto-related stocks traded lower as global markets continue to decline following President Trump&#8217;s announcement of sweeping tariffs, which could raise auto prices and affect consumer demand. Additionally, auto part tariffs could raise prices for producers.
Tesla shares dipped 7.1% to $222.45 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>American Rebel Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) shares dipped 30.3% to $13.54 in pre-market trading after jumping 392% on Friday. The company, on Friday, announced up to $11 million private placement priced at-the-market under Nasdaq rules.</li>
<li>CECO Environmental Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) shares fell 29.3% to $14.00 in pre-market trading.</li>
<li>SandRidge Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SD#NYSE">SD</a>) shares tumbled 26.3% to $7.10 in pre-market trading after dipping 9% on Friday.</li>
<li>Stevanato Group S.p.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STVN#NYSE">STVN</a>) dipped 15.8% to $16.01 in pre-market trading.</li>
<li>PLDT Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHI#NYSE">PHI</a>) shares declined 14.7% to $18.10 in pre-market trading following a 4% decline on Friday.</li>
<li>First National Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXNC#NASDAQ">FXNC</a>) slipped 13.8% to $17.11 in pre-market trading.</li>
<li>Smith Douglas Homes Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SDHC#NYSE">SDHC</a>) declined 13% to $17.01 in pre-market trading after gaining 5% on Friday.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) dipped 11% to $30.73 in pre-market trading amid decline in Bitcoin prices.</li>
<li>NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) fell 9.7% to $89.27 in pre-market trading.</li>
<li>USCB Financial Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USCB#NASDAQ">USCB</a>) dipped 7.1% to $15.79 in pre-market trading. USCB Financial Holdings will report financial results for the quarter ended March 31, after the market closes on Thursday, April 24.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell 6.1% to $88.55 in pre-market trading after dipping over 7% on Friday.</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) fell 3.8% to $181.21 in pre-market trading after dipping over 6% on Friday.</li>
</ul>
Now Read This: 
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</ul>
Photo via Shutterstock

AAPL

AREB

CECO

FXNC

HOOD

NVDA

SDHC

STVN

TSLA

USCB

Tesla, Apple, Nvidia And Other Big Stocks Moving Lower In Monday's Pre-Market Session

NetEase's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NYSE">NTES</a>) short percent of float has fallen 17.5% since its last report. The company recently reported that it has 3.49 million shares sold short, which is 0.99% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.9 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>NetEase Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740761138_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for NetEase has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing NetEase's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, NetEase's peer group average for short interest as a percentage of float is 3.23%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into NetEase's Recent Short Interest

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="900" height="600" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/25061542/Youdao-0225.jpeg" alt="" class="wp-image-6487" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/25061542/Youdao-0225.jpeg 900w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/25061542/Youdao-0225-300x200.jpeg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/25061542/Youdao-0225-768x512.jpeg 768w" sizes="(max-width: 900px) 100vw, 900px" /></figure>
The education company's marketing services revenue flatlined in the final quarter of last year, following strong double-digit gains in the first three quarters

<h4 class="wp-block-heading">Key Takeaways:</h4>
<ul>
<li>Youdao's revenue began contracting in the fourth quarter, falling 9.5% year-on-year, as its fast-growing marketing services suddenly flatlined</li>
<li>The company aims to revive growth in its market services via an enhanced partnership with parent NetEase and more global sales, as its older education business shrinks</li>
</ul>
Education may be valuable, but advertising is even more so.
That's the big lesson learned over the last two years by&nbsp;Youdao Inc.&nbsp;(DAO.US), the education arm of gaming giant NetEase (XHKG:<a class="ticker" href="https://www.benzinga.com/stock/9999#XHKG">9999</a>), whose&nbsp;<a href="https://www.prnewswire.com/news-releases/youdao-reports-fourth-quarter-and-fiscal-year-2024-unaudited-financial-results-302381231.html">latest quarterly results</a>&nbsp;show how marketing services could soon become the company's main breadwinner.
Among other things, the results showed Youdao posted its first-ever annual profit, ending years of losses since its New York listing six years ago. But that milestone was overshadowed by a few more worrisome signals, led by a sharp slowdown in the company's marketing services that were previously a fast-rising star. That came as Youdao's original core learning services also continued to show steep declines, causing its overall revenue to start contracting.
The company tried to ease concerns with discussion of a couple of new initiatives to jumpstart the marketing services business, which we'll detail shortly. Like many other Chinese tech companies, it also talked copiously about AI, noting it had already incorporated DeepSeek into many of its products.
"We are launching our AI Native strategy integrating AI more comprehensively across our business lines by, for example, automating our advertising platforms and introducing AI-driven tutoring for our course customers," noted Youdao CEO Zhou Feng on Youdao's earnings call, which included more than 30 references to AI by various company officials.
Despite its words of reassurance on reviving marketing services and greater use of AI, investors weren't convinced. Youdao's shares fell 6.8% in the two trading days since the results were announced last Friday.
Here, we should point out that this sell-off comes after a remarkable run-up that saw Youdao's shares nearly triple over the last six months, including a 40% jump this year alone. At its latest close of $9.68, the shares now trade at a four-year high, lifted by both the company's own relatively strong performance and a broader wave of bullishness towards overseas-listed Chinese stocks.
Against that backdrop, the latest two-day sell-off looks a bit like profit taking, and the next few weeks will provide a better picture of whether its rally can continue. Even at the latest levels, the stock still trades 43% below its IPO price of $17 during headier days for Chinese stocks when the company first listed in 2019.
That said, we'll take a deeper dive into Youdao's latest results to see what's happening inside this company that's part of NetEase, one of China's earliest internet companies that has also become one of its most successful gaming operators. Online learning was Youdao's original main breadwinner, but it has been scaling back that part of the business following a government crackdown that outlawed after-school tutoring services in core curriculum areas for K-12 students in 2021 and 2022.
The company's marketing services division was picking up most of the slack for its falling education business to keep overall revenue rising in the first three quarters of last year, though the growth rate was slowing throughout the year. That growth spurt ended in the fourth quarter, however, when Youdao's overall revenue fell by 9.5% to 1.3 billion yuan ($179 million) from 1.5 billion yuan in the same quarter a year earlier.
<h4 class="wp-block-heading">Marketing services flatline</h4>
Within the company's broader revenue pie, learning services fell 21.2% to 618 million yuan, accounting for 48% of total revenue. That part of the business accounted for about two-thirds of the company's revenue as recently as 2022, but has been shrinking rapidly since then and fell to less than half in last year's second quarter.
"Since the summer we have proactively focused on courses and services with strong demand and maintained a rational approach to customer acquisition," said CEO Zhou, explaining the reasons behind the rapid declines. "This strategy has enhanced our overall health."
Such a shift looked acceptable when the company's marketing services were posting strong growth, including a 46% year-on-year rise in the third quarter and a doubling in the first half of last year. The shift to advertising services also looked like a shrewd move strategically since such services are far less likely to fall victim to future government crackdowns than the far more sensitive education sector.
But Youdao's marketing services revenue suddenly flatlined in last year's fourth quarter, rising just slightly to 482 million yuan from 474 million yuan a year earlier, accounting for 37% of total revenue in the latest quarter. The company didn't provide a detailed explanation for the slowdown, though we should note that overall advertising spending has been sluggish in China lately due to the uncertain business climate.
Instead, Youdao executives focused on a couple of new initiatives that they hope will jumpstart growth in that part of its business. The one with the most near-term potential will probably come from an enhanced relationship with NetEase offering more services across its parent's large array of internet assets, including not only games but also music and its popular email service. To do that, Youdao and NetEase formed a formal marketing services partnership last year. That relationship now accounts for less than 10% of its advertising revenue, and CEO Zhou said "we expect this to grow considerably in 2025."
The other initiative comes from expanding its marketing services outside China. The company has been doing that through a relationship with TikTok and recently signed a new deal with Google to further that effort. Youdao President Jin Lei noted that international advertising revenue more than doubled last year to about 100 million yuan, accounting for more than one-fifth of the marketing services total.
In valuation terms, Youdao trades at a price-to-sales (P/S) ratio of 1.57, which looks relatively low compared to some of its peers. The much larger&nbsp;New Oriental&nbsp;(EDU.US; 9901.HK) trades higher with a P/S ratio of 1.8, and&nbsp;TAL Education&nbsp;(TAL.US) is even stronger with a ratio of 4.28. That suggests Youdao's stock could still have some upside potential even after the recent big run-up. But first it will need to quickly halt its revenue declines by jump-starting its marketing services.

Education

Youdao Looks To Parent, Global Markets To Revive Stalling Growth

Barclays analyst Jiong Shao maintains NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) with a Equal-Weight and raises the price target from $82 to $104.

Barclays Maintains Equal-Weight on NetEase, Raises Price Target to $104

Shares of Youdao Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAO#NYSE">DAO</a>) fell slightly following the company's fourth-quarter results, mainly on profit-taking with the stock having <a href="https://www.benzinga.com/quote/DAO">climbed almost 45% over the past month</a>.
The results came amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here's a deep dive into Youdao's financial release.
Analyst Ratings For Youdao
The company is known for its online platform that focuses on providing learning tools and services. Powered by AI, the platform has been developed by internet services company NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>).
Morgan Stanley, Jefferies and Citigroup have a Buy rating on Youdao. Check out <a href="https://www.benzinga.com/analyst-ratings/analyst-color">other analyst stock ratings</a>.
Youdao: Highlights Of Financial Release
For the fourth quarter, Youdao reported net revenues of RMB 1.3 billion ($180 million), down 9.5% year-on-year. Management indicated that the top-line contraction was mainly due to a decline in revenues from learning services.
Despite the decline in revenues, profitability improved in the quarter. Income from operations reached RMB 84.2 million ($11.6 million), representing 10.3% year-on-year growth.
The Chinese company reported earnings of 70 cents per share for the fourth quarter, significantly beating the consensus estimate of 54 cents per share by 30.6%.
For the full year, net revenues reached RMB 5.6 billion ($770 million), up 4.4% year-on-year. Income from operations reached RMB 148.8 million ($20.51 million), compared to a loss of RMB 466.3 million ($64.26 million) in 2023.
Management said that Youdao Lingshi, the service that provides online learning courses, improved customer loyalty in the fourth quarter. Backed by Youdao Lingshi's AI-powered tiered learning videos and learning counseling, retention rates surpassing 70% in the fourth quarter, marking a year-over-year improvement of over 5 percentage points.
The company also indicated that the transition from larger to smaller classes had driven an over 20% year-on-year increase in gross billings in the fourth quarter.
Youdao Desktop Translation won the "Best Online Education App Award" at the Microsoft Store 2024 Annual App Awards.
Youdao Leverages DeepSeek
On February 6, Youdao announced the full deployment of DeepSeek-R1 in its learning apps, courses, ad platforms and hardware devices.
Mr. P AI Tutor, Youdao's popular tool that provides deeper insights into learning materials, is being powered by DeepSeek-R1 to offer "a faster, more responsive, and cost-efficient service," the company said in a statement.
Mr. P AI Tutor is available in several languages. The company said that the "long reasoning chains offered by DeepSeek-R1" has helped Mr. P AI Tutor to improve its personalized Q&amp;A capabilities, "providing deeper and more accurate solutions and significantly upgrading the user experience." The company plans to launch Mr. P AI Tutor 2.0 in the near term.
DeepSeek's advanced reasoning capabilities are fully deployed in other products, like SpaceOne.
Youdao has also introduced the&nbsp;SpaceOne full-screen tutoring device, an AI-powered learning tool designed for students and professionals.
"We believe that large AI models should serve not merely as additional features, but as autonomous agents that drive outcomes," CEO Feng Zhou said during the earnings call. He added that Youdao plans to launch an "AI Native" strategy, which involves "leveraging AI as a foundational layer across our business lines."
DAO Price Action: Shares of Youdao had declined by 1.25% to close at $10.26 on Friday.
Photo: Shutterstock

Earnings Beats

Youdao Turns Profitable In 2024, Leveraging DeepSeek To Upgrade User Experience In Learning

Benchmark analyst Fawne Jiang maintains NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) with a Buy and raises the price target from $105 to $115.

Benchmark Maintains Buy on NetEase, Raises Price Target to $115

On Thursday, NetEase, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) reported a fiscal fourth-quarter revenue decline of 1.4% year-on-year to $3.66 billion (26.7&nbsp;billion Chinese yuan), missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43840713/netease-announces-fourth-quarter-and-fiscal-year-2024-unaudited-financial-results" rel="noreferrer noopener">analyst consensus estimate of $3.74 billion</a>.
The Chinese gaming&nbsp;player's&nbsp;adjusted EPADS of $2.07 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $1.77</a>. The stock fell after the report.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43812289/wix-q4-earnings-beats-estimates-raises-2025-outlook-ai-powered-expansion-and-market-share-gains" rel="noreferrer noopener">Wix Q4 Earnings: EPS Beat, Issues Strong 2025 Outlook With Two Products Launch</a>
Segments and margins: Games and related value-added services revenues rose 1.5%&nbsp;year over year&nbsp;to $2.9 billion.&nbsp;The corresponding gross margin decreased by 280 bps to 67.5%, mainly attributable to higher revenue contributions from licensed games, which have comparatively lower gross profit margins.
Youdao,&nbsp;Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAO#NYSE">DAO</a>) revenue declined by 9.5%&nbsp;year over year&nbsp;to $183.6 million,&nbsp;and&nbsp;the corresponding gross margin declined by 210 bps to 47.8%, primarily due to decreased net revenues from its&nbsp;learning services.
Cloud&nbsp;Music's&nbsp;revenues were $257.6 million, down 5.3% year over year, and its gross margin expanded by 160 bps to 31.9%, mainly due to increased net revenues from sales of membership subscriptions and continued improvement in cost control measures.
Innovative businesses and other revenue declined 17.0%&nbsp;year over year&nbsp;to $313.1 million, and the gross margin increased by 340 bps to 37.8%, mainly due to increased gross profit margins from Yanxuan.
As&nbsp;of December 31, 2024, NetEase held $18.0 billion in cash and equivalents and generated $1.78 billion in operating cash flow.
Dividend:&nbsp;The board of directors approved a dividend of&nbsp;$1.22025&nbsp;per ADS for the fourth quarter of 2024 versus $0.4350&nbsp;per ADS for the third quarter.
NetEase confirmed the laying off of the U.S.-based developers working on&nbsp;Marvel Rivals, the Verge <a target="_blank" href="https://www.theverge.com/news/615288/marvel-rivals-layoffs-netease-overseas-investments" rel="noreferrer noopener">cites</a> the company. However, the development of&nbsp;Rivals&nbsp;would continue with a core group of developers based in China.
Price Action: NTES stock is down 5.91% at $98.01 at&nbsp;the last check on Thursday.
Also Read:
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Photo via Shutterstock

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NetEase Q4 Earnings: Revenue Miss, Gaming and Cost Controls Drive Margins, Boosts Dividend

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Youdao Reports Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results

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NetEase Announces Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results

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