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Netease Inc (HK:9999)
:9999
Earnings Data
Report Date
May 26, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.41Last Year’s EPS
3.79Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and strategic picture: solid full-year revenue growth (+7% YoY), strong games performance (+10% YoY for games and +11% online games FY), record results for several flagship titles, meaningful global traction (Where Winds Meet, Marvel Rivals) and major AI integration milestones across development and live services. The company also strengthened its balance sheet (net cash up ~24% YoY), returned capital via dividends and buybacks, and reported full-year non-GAAP profit growth (+11%). Offsetting factors included a weaker quarterly profitability (Q4 non-GAAP net income down 27% YoY), small full-year decline at NetEase Cloud Music (-2%), a Q4 decline in innovative businesses (-10% YoY), and continued high operating investment levels. Overall, positives materially outweigh the near-term quarterly softness and segment-specific headwinds.Company Guidance
Total Revenue Growth (FY2025)
Total net revenues for 2025 increased 7% year-over-year to RMB 112.6 billion (USD 16.1 billion), demonstrating overall top-line growth.
Games and Value-Added Services Expansion
Net revenues from games and related value-added services rose 10% year-over-year to RMB 92.1 billion; online games net revenues increased 11% for the year to RMB 89.6 billion, with Q4 online games revenue up 4% YoY to RMB 21.3 billion.
Quarterly Revenue and Margin Improvement
Fourth-quarter total revenues were RMB 27.5 billion and overall gross profit margin improved to 64.2% in Q4 from 60.8% a year earlier (full-year gross margin 64.3%).
Strong Cash Position and Shareholder Returns
Year-end net cash position increased to about RMB 163.5 billion from RMB 131.5 billion (~+24% YoY); Board approved a dividend of USD 0.232 per share (USD 1.16 per ADS) and the company repurchased ~22.1 million ADS for ~USD 2 billion under a USD 5 billion program.
Non-GAAP Full-Year Profitability
Non-GAAP net income attributable to shareholders for the full year increased 11% to RMB 37.3 billion (USD 5.3 billion), yielding USD 8.38 per ADS.
Global Game Traction — Where Winds Meet
Where Winds Meet surpassed 80 million cumulative players after staged cross-platform launch, topped iOS downloads in 60+ regions, reached #2 on Steam global top sellers, won PlayStation's November Players' Choice Award, and recorded highest monthly revenue and DAU in China in December.
Critical and Commercial Success — Marvel Rivals & Other Titles
Marvel Rivals earned industry recognition (Time's Best Video Games 2025, PlayStation Grand Award, Steam Platinum), reached #2 globally and #1 in several markets (including U.S. and Canada); legacy franchises (Fantasy Westward Journey Online/Mobile) delivered record-high annual revenues in 2025.
AI Integration Across Development and Live Services
Company reports comprehensive AI integration across design, programming, art and QA (tools like CodeMaker, DreamMaker, Danqing); deployed >10,000 AI-powered NPCs in Where Winds Meet, modeled >1 million player behaviors in QA, and used AI features to boost creator ecosystems (Eggy Party: >15 million creators; Sword of Justice Crew Mode: millions of UGC creations).
Youdao Operational Improvements
Youdao achieved its first-ever net cash inflow from operating activities; full-year net revenues rose ~5% YoY to RMB 5.9 billion and Q4 net revenues increased 17% YoY to RMB 1.6 billion.
Product Pipeline and Global Launch Plans
New titles progressing: Sea of Remnants in technical testing with positive early feedback and a target official launch in Q3 (planned cross-platform/global launch); ANANTA development progressing with iterative refinement.
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 |
|---|---|---|---|
Feb 11, 2026 | HK$193.00 | HK$195.00 | +1.04% |
Nov 20, 2025 | HK$214.72 | HK$211.73 | -1.39% |
Aug 14, 2025 | HK$213.64 | HK$206.10 | -3.53% |
May 15, 2025 | HK$163.86 | HK$165.83 | +1.20% |
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 May 26, 2026, After Close (Confirmed).
What is Netease Inc (HK:9999) earnings time?
Netease Inc (HK:9999) earnings time is at May 26, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
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 (Q1) is 3.41.