NTESNasdaqServices-Prepackaged SoftwareAlso trades as NETTF
NetEase, Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 15, 2026
$125.25−0.81 (-0.64%)
Close on Oct 19, 2026
NetEase, Inc. revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Games and related value-added services | CN¥92.15B | CN¥83.62B | CN¥81.57B | CN¥74.57B | CN¥67.82B | CN¥58.72B | – | – | – | – | 81.8% | +10.2% |
| NetEase Cloud Music | CN¥7.76B | CN¥7.95B | CN¥7.87B | CN¥8.99B | – | – | – | – | – | – | 6.9% | -2.4% |
| Innovative businesses and others | CN¥6.81B | CN¥8.10B | CN¥8.65B | CN¥7.92B | CN¥7.43B | CN¥6.88B | CN¥9.20B | CN¥5.23B | CN¥3.74B | CN¥3.50B | 6.0% | -15.9% |
| Youdao | CN¥5.91B | CN¥5.63B | CN¥5.39B | CN¥5.01B | CN¥5.35B | CN¥3.17B | CN¥1.30B | CN¥731.60M | CN¥455.75M | – | 5.2% | +5.0% |
| Advertising services | – | – | – | – | – | – | – | CN¥2.50B | CN¥2.41B | CN¥2.15B | – | – |
| Online game services | – | – | – | – | CN¥62.81B | CN¥54.61B | CN¥46.42B | CN¥40.19B | CN¥36.28B | CN¥27.98B | – | – |
| E-mail, wireless value-added services and others | – | – | – | – | – | – | – | – | – | CN¥8.05B | – | – |
| E-commerce | – | – | – | – | – | – | – | CN¥19.24B | CN¥11.67B | CN¥4.54B | – | – |
| E-mail and others | – | – | – | – | – | – | – | – | CN¥3.74B | CN¥3.50B | – | – |
| Innovative businesses and others | – | – | – | – | – | CN¥15.89B | CN¥11.51B | CN¥10.26B | CN¥7.70B | – | – | – |
| Cloud Music | – | – | CN¥7.87B | CN¥8.99B | CN¥7.00B | CN¥4.90B | CN¥2.32B | – | – | – | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Products | – | – | – | – | – | – | – | CN¥18.64B | CN¥11.45B | CN¥4.43B | – | – |
| Services | – | – | – | – | – | – | – | CN¥48.52B | CN¥42.65B | CN¥33.75B | – | – |
| Advertising barter transactions | – | – | – | – | – | – | – | – | CN¥0 | CN¥0 | – | – |
| Online game services | – | – | – | – | – | – | – | CN¥40.19B | CN¥36.28B | CN¥27.98B | – | – |
| Advertising services | – | – | – | – | – | CN¥2.65B | CN¥2.58B | CN¥2.77B | CN¥2.45B | CN¥2.15B | – | – |
| Others | – | – | – | – | – | – | – | CN¥5.83B | CN¥3.96B | CN¥3.62B | – | – |
| Online games services | – | – | – | – | – | CN¥54.61B | CN¥46.42B | CN¥40.19B | CN¥36.28B | – | – | – |
| Youdao learning services and products | – | – | – | – | – | – | CN¥851.87M | CN¥428.72M | CN¥149.92M | – | – | – |
| Others | – | – | – | – | – | CN¥14.25B | CN¥9.54B | CN¥7.82B | CN¥5.56B | – | – | – |
| Youdao learning services | – | – | – | – | – | CN¥2.15B | CN¥699.83M | CN¥398.19M | – | – | – | – |
By region
From the segment and revenue-disaggregation notes of NetEase's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.