Morningstar
•
Aug 21, 2026
NetEase, Inc.: NetEase Earnings: Record Game Margins Confirm Long-Run Upside; Maintain USD 200 Fair Value Estimate
Symbols
NTESSector(s)
Communication Services
Rating
Current Price
113.64
Fair Value
Economic Moat
Stewardship
Summary
Founded in the late 1990s as an internet portal, NetEase has evolved into China’s second-largest online gaming company. Its early success was anchored by the massively multiplayer online role-playing game Fantasy Westward Journey, which laid the foundation for a durable franchise
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