The earnings call highlighted substantial growth in gaming revenues and successful global launches of new titles. However, these positives were offset by declines in learning services, music revenue, and innovative business revenue, alongside challenges in maintaining engagement for some games and strategic adjustments in overseas operations.

Company Guidance -

Q2 2025

During the NetEase First Quarter 2025 Earnings Conference Call, the company reported notable growth metrics and strategic initiatives. Total net revenue increased by 7% year-over-year to RMB28.8 billion, with the gaming and value-added services segment seeing a 12% year-over-year rise to RMB24.0 billion. The company highlighted the success of several new game titles, including Marvel Rivals and FragPunk, and emphasized their strong performance on global platforms like Steam. Identity V and Naraka: Bladepoint were recognized as official Esports events for the 2026 Aichi-Nagoya Asian Games. Additionally, NetEase's Youdao and Cloud Music segments experienced various shifts, with Youdao prioritizing high-demand subjects and AI-driven innovations, while Cloud Music faced revenue declines. The company's gross profit for the quarter was RMB18.5 billion, reflecting a 9% increase year-over-year, while the non-GAAP net income attributable to shareholders rose 32% year-over-year to RMB11.2 billion. NetEase also emphasized their commitment to ESG initiatives, noting a 16% reduction in greenhouse gas emissions in 2024, and received recognition from leading ESG rating organizations.

Record Revenue in Gaming and Value-Added Services

Total revenue from gaming and value-added services increased by 12% year-over-year to RMB24.0 billion, driven by both new game titles and long-standing favorites.

Strong Global Game Launches

New titles like Marvel Rivals, FragPunk, and Once Human saw significant global traction, with Marvel Rivals reclaiming its #1 position on Steam's global top seller chart and Once Human topping iOS download charts in 160 regions.

Increased Focus on AI and ESG

Youdao achieved record high first quarter operating profit, and NetEase continues to prioritize AI technology in its products. ESG initiatives led to a 16% reduction in greenhouse gas emissions.

Non-GAAP Net Income Growth

Non-GAAP net income attributable to shareholders for the first quarter was RMB11.2 billion, up 32% year-over-year.

Netease Inc (HK:9999) 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

Daily Earnings Calendar >

HK:9999 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 14, 2025	2025 (Q2)	3.25 / -	2.633	―	―	―
May 15, 2025	2025 (Q1)	2.97 / 3.79	2.824	34.21% (+0.97)	―	―
Feb 20, 2025	2024 (Q4)	2.69 / 3.23	2.468	30.92% (+0.76)	―	―
Nov 14, 2024	2024 (Q3)	2.66 / 2.50	2.862	-12.65% (-0.36)	―	―
Aug 22, 2024	2024 (Q2)	2.60 / 2.63	2.992	-12.00% (-0.36)	―	―
May 23, 2024	2024 (Q1)	2.76 / 2.82	2.576	9.63% (+0.25)	―	―
Feb 29, 2024	2023 (Q4)	2.66 / 2.47	1.676	47.26% (+0.79)	―	―
Nov 16, 2023	2023 (Q3)	2.34 / 2.86	2.491	14.89% (+0.37)	―	―
Aug 24, 2023	2023 (Q2)	2.00 / 2.99	1.889	58.39% (+1.10)	―	―
May 25, 2023	2023 (Q1)	1.97 / 2.58	1.817	41.77% (+0.76)	―	―

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 15, 2025	HK$165.21	HK$167.20	+1.20%
Feb 20, 2025	HK$159.67	HK$155.35	-2.71%
Nov 14, 2024	HK$117.91	HK$116.84	-0.91%
Aug 22, 2024	HK$136.12	HK$139.04	+2.15%

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 14, 2025, After Close (Confirmed).

What is Netease Inc (HK:9999) earnings time?

Netease Inc (HK:9999) earnings time is at Aug 14, 2025, 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 2025 (Q2) is 3.25.

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