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《大行報告》裏昂:網易(NTES.US)第四季業績略遜預期 維持「買入」評級
裏昂發表報告指,網易(NTES.US)去年第四季業績略遜預期,總收入按年增長4%,經調整息EBIT按年跌3.9%,較市場預期低3%。由於缺乏大型新遊戲產品推出,加上2021年同期基數較高,期內線上遊戲收入僅按年增長1.6%。 裏昂指,與動視暴雪(ATVI.US)終止「魔獸世界」的合作,預料對近期遊戲收入亦造成壓力,但目前來看產品管線有所改善,新推出的休閒競技手遊《蛋仔派對》帶動強勁的用戶增長,每日活躍用戶量創公司歷史新高。 該行預期,網易今年仍有六款已獲批的國內遊戲有待推出,考慮到海外研發投資增加,裏昂將今明兩年經調整淨利潤預測各下調4%,維持「買入」評級及美股目標價111.5美元不變。
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