NetEase, Inc.
NTESNasdaqServices-Prepackaged SoftwareAlso trades as NETTF
$115.49+1.85 (+1.63%)
Close on Nov 2, 2026Market cap $73.73BP/E 14.7Yield –
NetEase Youdao — Cost of revenues (RMB M) by Year
Youdao — Cost of revenues (RMB M) ($M)
NetEase Youdao — Cost of revenues (RMB M): $3,292M in 2025, up 14.4% from a year earlier. That is the highest of the 9 years on record here.
Latest, 2025
3,292
Period ended Dec 31, 2025
Change on a year earlier
+14.4%
2,877 in 2024
History
9 years
Since 2017
Sources
6
Documents cited below
Where the 2025 figure comes from
“|| Youdao | (699,045 | ) | (940,661 | ) | (859,314 | ) | (122,880 | ) | (2,877,428 | ) | (3,292,191 | ) | (470,777 | )”
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Youdao — Cost of revenues (RMB M) ($M) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 3,292 | +14.4% | NTES Form 6-K (Q4 2025 Earnings Release) ↗ |
| 2024 | Dec 31, 2024 | 2,877 | +9.8% | NTES Form 6-K (Q4 2025 Earnings Release) ↗ |
| 2023 | Dec 31, 2023 | 2,622 | +7.9% | NTES Form 6-K (Q4 2024 Earnings Release) ↗ |
| 2022 | Dec 31, 2022 | 2,431 | -0.7% | NTES Form 6-K (Q4 2023 Earnings Release) ↗ |
| 2021 | Dec 31, 2021 | 2,448 | +42.9% | NTES Form 6-K (Q4 2022 Earnings Release) ↗ |
| 2020 | Dec 31, 2020 | 1,713 | +83.4% | NTES Form 6-K (Q4 2021 Earnings Release) ↗ |
| 2019 | Dec 31, 2019 | 934 | +81.4% | NetEase (NTES) 20-F, filed 2020-04-29 (financial database) ↗ |
| 2018 | Dec 31, 2018 | 515 | +75.3% | NetEase (NTES) 20-F, filed 2020-04-29 (financial database) ↗ |
| 2017 | Dec 31, 2017 | 294 | – | NetEase (NTES) 20-F, filed 2020-04-29 (financial database) ↗ |
Cite this data
StockData. (2026). NetEase Youdao — Cost of revenues (RMB M) ($M), annual 2017–2025 [Data set]. Compiled from NetEase SEC filings and investor materials. https://stockdatahq.com/stocks/ntes/kpis/seg-youdao-cost
See every metric in the NetEase KPI table. Data updated Nov 2, 2026.