Netease Inc · NASDAQ:NTES
Netease — Q1 2026 Earnings Presentation
13 slides from Netease's earnings presentation, May 21, 2026
Slide 1: 1Q26 Investor Presentation
Net Eas e 1Q26 Investor Presentation Investor Relations May 21, 2026
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This announcement contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expect
Slide 3: NetEase, Inc.
NetEase, Inc. NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, “NetEase”) is a leading internet and game services provider centered around premium content. With extensive offerings across its expanding gaming ecosystem, the Company develops and operates some of the most popular and longest-running mobile
Slide 4: Market Snapshot
MARKET SNAPSHOT In USD $74.5 3.2 $4.4 $2.42 billion billion billion Market Cap 1 Shares Outstanding, Basic Net Income per ADS Net Revenues (5/20/26) Diluted (1Q26) (GAAP) (1Q26) (1Q26) $1.5 $24.3 billion billion AAA Net Income Attributable to the Net Cash 2 MSCI ESG Rating 3 Company’s Shareholders (
Slide 5: Games and Related Value-added Services
GAMES AND RELATED VALUE-ADDED SERVICES USD million1 Games and Related Value-added Services Net Revenues Online Games Related VAS 3,728 3,486 Online Games Related 3,185 VAS 98% (1Q26) 1Q25 4Q25 1Q26 Note: 1 US$1.00 = RMB6.8980 on March 31, 2026. Same exchange rate is applied to all years for illustra
Slide 6: Online Games
ONLINE GAMES PC & CONSOLE GAMES MOBILE GAMES Flagship Self-Developed PC & Console Titles Self-Developed Mobile Games Mobile Games in Overseas Markets Flagship Licensed Titles Licensed Mobile Games From Overseas Developers • Sustained strong engagement and revenue performance across established title
Slide 7: Youdao
YOUDAO USD million1 Youdao Net Revenues • Youdao continued to iterate its Confucius large Net Revenues language model and more deeply embed AI throughout its ecosystem. 236 227 230 224 • Learning services segment made steady progress, 218 212 supported by strong growth in Youdao Lingshi and 206 200
Slide 8: NetEase Cloud Music, Innovative Businesses and Others
NETEASE CLOUD MUSIC, INNOVATIVE BUSINESSES AND OTHERS NetEase Cloud Music Innovative Businesses and Others • Net revenues from NetEase Cloud Music were RMB2.0 • Net revenues from innovative businesses and others were RMB1.5 billion billion(US$287.2 million) for the first quarter of 2026, (US$224.6 m
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS USD billion1 Net Revenues Net Income Attributable to Shareholders (GAAP) 16.3 15.0 15.3 4.9 4.3 4.3 4.4 1.5 FY2023 FY2024 FY2025 1Q26 FY2023 FY2024 FY2025 1Q26 Value Returned to Shareholders Operating Cash Flow US$ FY2023 FY2024 FY2025 1Q26 Dividend per 7.4 ADS (declared) $2.564
Slide 10: ESG Performance
ESG PERFORMANCE MSCI Ratings S&P Global ESG Score Sustainalytics Ratings AAA 50 14.3 Last Updated: March 2026 Last Updated: January 2026 Last Updated: August 2025 According to MSCI’s evaluation, NetEase has been selected as a NetEase is rated as a low-risk NetEase is a leader among over 200 member o
Slide 11: Balance Sheet Summary
BALANCE SHEET SUMMARY 2025 2026 Dec 31, RMB Mar 31, RMB Mar 31, USD in millions (Unaudited) (Unaudited) ASSETS Current assets: Cash and cash equivalents 47,168 50,815 7,367 Time deposits 92,639 80,110 11,613 Other current assets 40,808 57,734 8,370 Total current assets 180,615 188,659 27,350 Propert
Slide 12: Unaudited Income Statement Summary
UNAUDITED INCOME STATEMENT SUMMARY Note: All percentages are calculated based on numbers in millions except per ADS data
Slide 13: Thank You
THANK YOU