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NTES (Trans): '遗忘之海' launch slips to Q3; '无限大' still being polished
Below is Dolphin Research's FY25 Q4 earnings call Trans for $NetEase(NTES.US). For the earnings analysis, cf. 'NetEase: The Pig Farm Still Has to Hold On'.
I. Key highlights: 1) Shareholder returns: declared a $1.16/ADS dividend and has repurchased approx. $2.0bn under its $5.0bn program. 2) Outlook: will keep investing in content R&D (R&D ratio to stay above 15%), and expects long-term AI-driven efficiency gains to further unlock...NetEaseConference Minutes