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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
$116.23+0.74 (+0.64%)

Close on Nov 3, 2026Market cap $74.20BP/E 14.8Yield –

NetEase Smart devices — Cost of revenues (RMB M) by Year

Smart devices — Cost of revenues (RMB M) ($M)

NetEase Smart devices — Cost of revenues (RMB M): $397M in 2025, down 28.4% from a year earlier.

Latest, 2025
397
Period ended Dec 31, 2025
Change on a year earlier
-28.4%
554 in 2024
History
6 years
Since 2020
Sources
5
Documents cited below

Where the 2025 figure comes from

“|| Smart devices | 134,896 | 122,179 | 109,291 | 15,628 | 553,620 | 396,456”

Source: Youdao (DAO) Form 6-K (Q4 2025 Earnings Release) ↗

Annual history

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

PeriodEndedSmart devices — Cost of revenues (RMB M) ($M)Year on yearSource
2025Dec 31, 2025397-28.4%Youdao (DAO) Form 6-K (Q4 2025 Earnings Release) ↗
2024Dec 31, 2024554+0.1%Youdao (DAO) Form 6-K (Q4 2025 Earnings Release) ↗
2023Dec 31, 2023553-27.8%Youdao (DAO) Form 6-K (Q4 2024 Earnings Release) ↗
2022Dec 31, 2022766+23.7%Youdao (DAO) Form 6-K (Q4 2023 Earnings Release) ↗
2021Dec 31, 2021619+73.8%Youdao (DAO) Form 6-K (Q4 2022 Earnings Release) ↗
2020Dec 31, 2020356–Youdao (DAO) Form 6-K (Q4 2021 Earnings Release) ↗

Cite this data

StockData. (2026). NetEase Smart devices — Cost of revenues (RMB M) ($M), annual 2020–2025 [Data set]. Compiled from NetEase SEC filings and investor materials. https://stockdatahq.com/stocks/ntes/kpis/dao-devices-cost

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

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