炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！

金吾财讯 | 招银国际发研报指，网易(09999)于2月20日公布了4Q24业绩：总营收同比下降1.4%至267亿元，基本符合一致预期；经营利润同比增长13.9%至78亿元，较一致预期高出8%，主要得益于对销售费用的审慎控制（同比下降33%）。FY24总营收和经营利润分别同比增长2%和7%。展望FY25，该行预计《漫威争锋》和《燕云十六声》等新游戏将推动游戏业务营收增长再次加速。

该行将FY25-20总营收预期下调2%-3%，但将非GAAP净利润预期上调2%-3%，鉴于公司对运营费用的审慎控制。该行维持基于SOTP估值的目标价125.5美元。维持“买入”评级。

海量资讯、精准解读，尽在新浪财经APP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.