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NetEase, Inc.

NTESNasdaqServices-Prepackaged SoftwareAlso trades as NETTF
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 15, 2026Score 8/30
$115.49+1.85 (+1.63%)

Close on Nov 2, 2026Market cap $73.73BP/E 14.7Yield –

NetEase Youdao by Quarter

Youdao — Contract liabilities / deferred revenue (ending, RMB M) ($M)

QuarterlyAnnual

NetEase Youdao: $835M in Q2 2026, down 2.5% from a year earlier.

Latest, Q2 2026
835
Period ended Jun 30, 2026
Change on a year earlier
-2.5%
857 in Q2 2025
History
20 quarters
Since Q4 2020
Sources
19
Documents cited below

Where the Q2 2026 figure comes from

“|| Contract liabilities | 847,707 | 835,112 | 123,080”

Source: Youdao (DAO) Form 6-K (Q2 2026 Earnings Release) ↗

Reported in Youdao (DAO) Form 6-K & Form 20-F.

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedYoudao — Contract liabilities / deferred revenue (ending, RMB M) ($M)Year on yearSource
Q2 2026Jun 30, 2026835-2.5%Youdao (DAO) Form 6-K (Q2 2026 Earnings Release) ↗
Q1 2026Mar 31, 2026667-6.2%Youdao (DAO) Form 6-K (Q1 2026 Earnings Release) ↗
Q4 2025Dec 31, 2025848-11.8%Youdao (DAO) Form 6-K (Q2 2026 Earnings Release) ↗
Q3 2025Sep 30, 2025751-10.6%Youdao (DAO) Form 6-K (Q3 2025 Earnings Release) ↗
Q2 2025Jun 30, 2025857-17.5%Youdao (DAO) Form 6-K (Q2 2025 Earnings Release) ↗
Q1 2025Mar 31, 2025711-7.5%Youdao (DAO) Form 6-K (Q1 2025 Earnings Release) ↗
Q4 2024Dec 31, 2024961-8.7%Youdao (DAO) Form 6-K (Q4 2025 Earnings Release) ↗
Q3 2024Sep 30, 2024840-9.9%Youdao (DAO) Form 6-K (Q3 2024 Earnings Release) ↗
Q2 2024Jun 30, 20241,039-14.4%Youdao (DAO) Form 6-K (Q2 2024 Earnings Release) ↗
Q1 2024Mar 31, 2024769-7.6%Youdao (DAO) Form 6-K (Q1 2024 Earnings Release) ↗
Q4 2023Dec 31, 20231,053-1.4%Youdao (DAO) Form 6-K (Q4 2024 Earnings Release) ↗
Q3 2023Sep 30, 2023932-6.5%Youdao (DAO) Form 6-K (Q3 2023 Earnings Release) ↗
Q2 2023Jun 30, 20231,213+7.7%Youdao (DAO) Form 6-K (Q2 2023 Earnings Release) ↗
Q1 2023Mar 31, 2023832+14.1%Youdao (DAO) Form 6-K (Q1 2023 Earnings Release) ↗
Q4 2022Dec 31, 20221,067+0.2%Youdao (DAO) Form 6-K (Q4 2023 Earnings Release) ↗
Q3 2022Sep 30, 2022997–Youdao (DAO) Form 6-K (Q3 2022 Earnings Release) ↗

Breakdown

What makes up youdao

Cite this data

StockData. (2026). NetEase Youdao ($M), quarterly Q4 2020–Q2 2026 [Data set]. Compiled from NetEase SEC filings and investor materials. https://stockdatahq.com/stocks/ntes/kpis/dao-contract-liabilities

See every metric in the NetEase KPI table. Data updated Nov 2, 2026.