NetEase Hong Kong shares climb most in a year on first-quarter results beat

NetEase

22/05/2026 03:45

** Hong Kong shares of NetEase Inc 9999.HK climb 8% to HK$185.40, on course for their biggest one-day pct gain since May 2025

** Stock touches the highest point since May 14, 2026

** U.S.-listed stock NTES.O slipped 2.1% on Thursday

** China online game provider's Q1 revenue rose 6% y/y to 30.6 bln yuan ($4.50 bln) on games segment growth

** Jefferies, with "buy" rating, says NetEase Q1 revenue and non-GAAP earnings beat expectations and AI at an early stage is positive for game development

** Nomura maintains "buy", says NetEase delivered robust Q1 results, beating expectations across both top and bottom lines, with upcoming launch of title Sea of Remnants anticipated to re-accelerate gaming growth in second half of year

** YTD, Hong Kong stock down 14.3%, U.S.-listed shares down 16.9%, Hang Seng TECH Index .HSTECH down 12.3%

($1 = 6.8000 Chinese yuan)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))