NetEase, Inc.
NTESNasdaqServices-Prepackaged SoftwareAlso trades as NETTF
$115.49+1.85 (+1.63%)
Close on Nov 2, 2026Market cap $73.73BP/E 14.7Yield –
NetEase Youdao by Year
Youdao — Contract liabilities / deferred revenue (ending, RMB M) ($M)
NetEase Youdao: $848M in 2025, down 11.8% from a year earlier.
Latest, 2025
848
Period ended Dec 31, 2025
Change on a year earlier
-11.8%
961 in 2024
History
8 years
Since 2018
Sources
7
Documents cited below
Where the 2025 figure comes from
“|| Contract liabilities | 847,707 | 835,112 | 123,080”
Source: Youdao (DAO) Form 6-K (Q2 2026 Earnings Release) ↗
Reported in Youdao (DAO) Form 6-K & Form 20-F.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Youdao — Contract liabilities / deferred revenue (ending, RMB M) ($M) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 848 | -11.8% | Youdao (DAO) Form 6-K (Q2 2026 Earnings Release) ↗ |
| 2024 | Dec 31, 2024 | 961 | -8.7% | Youdao (DAO) Form 6-K (Q4 2025 Earnings Release) ↗ |
| 2023 | Dec 31, 2023 | 1,053 | -1.4% | Youdao (DAO) Form 6-K (Q4 2024 Earnings Release) ↗ |
| 2022 | Dec 31, 2022 | 1,067 | +0.2% | Youdao (DAO) Form 6-K (Q4 2023 Earnings Release) ↗ |
| 2021 | Dec 31, 2021 | 1,066 | +19.2% | Youdao (DAO) Form 6-K (Q4 2022 Earnings Release) ↗ |
| 2020 | Dec 31, 2020 | 894 | +95.8% | Youdao (DAO) Form 6-K (Q4 2021 Earnings Release) ↗ |
| 2019 | Dec 31, 2019 | 457 | +157.4% | Youdao (DAO) 20-F, filed 2020-04-29 (financial database) ↗ |
| 2018 | Dec 31, 2018 | 178 | – | Youdao (DAO) 20-F, filed 2020-04-29 (financial database) ↗ |
Breakdown
What makes up youdao
Cite this data
StockData. (2026). NetEase Youdao ($M), annual 2018–2025 [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.