On November 15, Gelonghui reported that ubs group stated that netease's third-quarter earnings exceeded expectations, with core game business revenue surpassing predictions, reassuring investors. Before the earnings announcement, the market sentiment towards netease was weak, but the third-quarter performance alleviated concerns about the company’s gaming growth momentum and sales channels for next year. It is expected that netease's game growth will return to double-digit year-on-year increases next year. ubs group raised its earnings per share forecast for netease from 0% to 7% for 2024 to 2026. Therefore, the firm maintained the company’s "buy" rating, increasing the target price for its listed in hong kong shares to HK$198. ubs group mentioned that netease executed a $0.5 billion share buyback in the third quarter, recording significant quarter-on-quarter growth for two consecutive quarters. If netease fully executes the remaining $3.4 billion buyback quota, it could bring approximately 9% annualized shareholder return for investors after accounting for buybacks and dividends.