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Earnings Data
Report Date
Aug 13, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.62Last Year’s EPS
3.23Same Quarter Last Year
Strong Buy
Based on 20 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted solid top‑line growth led by the games business, meaningful margin improvement, strong cash and shareholder returns, successful global launches and continued investment in new titles and AI. Offsetting these positives were softness in NetEase Cloud Music, meaningful quarter‑over‑quarter declines in the innovative/other segment (driven by e‑commerce and ad weakness), mixed quarterly performance at Youdao, and elevated marketing spend. On balance, operational strength in the core games franchise, improving profitability, strong cash and successful global expansion outweighed the segment weaknesses.Company Guidance
Total Revenue and Revenue Growth
Total net revenue reached RMB 30.6 billion in Q1 2026, representing a 6% year‑over‑year increase, driven primarily by games and related value‑added services.
Games Business Strength
Games and related value‑added services generated RMB 25.7 billion in net revenue, up 7% year‑over‑year. Online games net revenue was RMB 25.1 billion, up 18% quarter‑over‑quarter and 7% year‑over‑year, reflecting strong long‑term live‑ops performance.
Successful Global Title Launches and Engagement
Where Winds Meet became a global phenomenon since its overseas launch (Nov 2025), achieving #2 on Steam global top seller chart after major updates. Other titles (Marvel title, BlackStripe) hit top charts and recorded strong community engagement and record daily active users for BlackStripe.
Significant Gross Margin Improvement
Overall gross profit margin increased to 69.4% from 54.1% year‑over‑year. Game and related VAS gross margin improved to 74.8% from 68.8% YoY, primarily driven by lower revenue sharing costs.
Strong Profitability and EPS
Non‑GAAP net income attributable to shareholders was RMB 11.3 billion (broadly stable YoY). Non‑GAAP basic earnings per ADS reported at USD 0.51 for the quarter.
Robust Cash Position and Capital Return
Net cash position was RMB 167.2 billion as of March 31, 2026 (up from RMB 153.5 billion at end of 2025). Board approved a dividend (USD 0.44 per share) and the company is executing a USD 5 billion share repurchase program (material repurchases reported to date).
Product Pipeline Progress and Strategy
New titles in pipeline (e.g., Radome and Ananta) reported steady progress with positive test feedback; Ananta targeted for a larger test and a Q3 launch window and is positioned with a differentiated urban open‑world concept and cosmetics‑centric monetization.
AI, Learning Services and Smart Device Execution
Advanced AI initiatives: further development of a large language model and AI‑native applications; Learning Services saw strong growth in AI‑enabled subscription offerings and new AI applications were launched. Smart Devices prioritized profitability and continued product/category execution (e.g., Yanxuan).
ESG and Operational Efficiency
Published seventh annual ESG report; included in Forbes World's Best Employer list for nine consecutive years; MSCI upgraded company to AAA. Company reported a 12% year‑over‑year reduction in greenhouse gas emissions through data center and campus energy efficiency improvements.
HK:9999 Earnings History
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
HK:9999 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 21, 2026 | HK$179.36 | HK$170.71 | -4.82% |
Feb 11, 2026 | HK$189.98 | HK$191.95 | +1.04% |
Nov 20, 2025 | HK$211.36 | HK$208.42 | -1.39% |
Aug 14, 2025 | HK$210.30 | HK$202.88 | -3.53% |
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.
FAQ
When does Netease Inc (HK:9999) report earnings?
Netease Inc (HK:9999) is schdueled to report earning on Aug 13, 2026, After Close (Confirmed).
What is Netease Inc (HK:9999) earnings time?
Netease Inc (HK:9999) earnings time is at Aug 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Netease Inc stock?
The P/E ratio of Netease Inc is N/A.
What is HK:9999 EPS forecast?
HK:9999 EPS forecast for the fiscal quarter 2026 (Q2) is 3.62.