0747 GMT - NetEase's 4Q earnings are expected to be largely in line with market expectations but may see strong upside in PC game revenues following the successful launch of Marvel Rivals in December, Citi analysts write in a note. Citi estimates the company's 4Q total net revenue at around CNY27.3 billion, a 0.6% on-year increase. Online game revenue is projected to rise 0.4% on year to CNY21.0 billion, driven by contributions from Marvel Rivals and Where Wind Meets, partially offset by softer performance from some major titles, they add. Citi maintains a buy rating on the stock and raises its target price to $121.00 from $115.00. Its ADRs last traded at $99.31. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
January 17, 2025 02:47 ET (07:47 GMT)
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