The earnings call highlighted significant revenue growth and successful game launches, driven by innovative offerings and strong community engagement. However, challenges remain in sustaining growth for new games and in the competitive shooting game landscape.

Company Guidance -

Q3 2025

During the second quarter of 2025, NetEase's total revenues increased by 9% year-over-year, reaching RMB 27.9 billion (USD 3.9 billion), with games and related VAS revenues rising 14% to RMB 22.8 billion. The company introduced several new game titles, contributing to the growth, including the strong performance of "MARVEL Mystic Mayhem," which topped iOS download charts in multiple regions. The gross profit for the quarter rose 13% year-over-year to RMB 18.1 billion, with a margin of 64.7%. Non-GAAP net income attributable to shareholders was RMB 9.5 billion, marking a 22% increase year-over-year. NetEase's cash position was robust, with approximately RMB 142.1 billion as of June 30, 2025. The company also repurchased 22.1 million ADS under its USD 5 billion share repurchase program.

Revenue Growth and Gaming Expansion

Total revenues increased 9% year-over-year driven by a diverse portfolio of games. Revenue from games and related VAS rose 14% compared to the same period last year.

Successful Game Launches

MARVEL Mystic Mayhem surpassed 1 million players and topped iOS download charts. FragPunk reached #2 on PlayStation's North America free-to-play download chart.

Evergreen Titles and Community Engagement

Fantasy Westward Journey Online reached a new all-time high peak in concurrent players, surpassing 2.93 million. Identity V broke its quarterly revenue record.

AI and Innovation in Learning Services

Youdao delivered its first second quarter operating profit driven by AI innovations, including Mr. P AI Tutor and AI advertising placement optimizer.

Strong Financial Performance

Gross profit for the second quarter was RMB 18.1 billion, up 13% year-over-year. Non-GAAP net income attributable to shareholders was RMB 9.5 billion, up 22% year-over-year.

NetEase (NTES) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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NTES Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 13, 2025	2025 (Q3)	2.05 / -	1.619	―	―	―
Aug 14, 2025	2025 (Q2)	2.07 / 2.06	1.677	22.90% (+0.38)
May 15, 2025	2025 (Q1)	1.94 / 2.44	1.823	33.66% (+0.61)
Feb 20, 2025	2024 (Q4)	1.75 / 2.10	1.578	33.07% (+0.52)
Nov 14, 2024	2024 (Q3)	1.70 / 1.62	1.851	-12.56% (-0.23)
Aug 22, 2024	2024 (Q2)	1.67 / 1.68	1.932	-13.18% (-0.25)
May 23, 2024	2024 (Q1)	1.75 / 1.82	1.617	12.74% (+0.21)
Feb 29, 2024	2023 (Q4)	1.70 / 1.58	1.024	54.08% (+0.55)
Nov 16, 2023	2023 (Q3)	1.51 / 1.85	1.578	17.28% (+0.27)
Aug 24, 2023	2023 (Q2)	1.27 / 1.93	1.139	69.68% (+0.79)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NTES Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 14, 2025	$134.90	$129.67	-3.88%
May 15, 2025	$106.53	$122.10	+14.62%
Feb 20, 2025	$102.38	$99.68	-2.64%
Nov 14, 2024	$74.60	$82.36	+10.40%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.