Netease Inc · NASDAQ:NTES
Netease — Q3 2025 Earnings Presentation
14 slides from Netease's earnings presentation, Nov 20, 2025
Slide 1: 3Q25 Investor Presentation
NetEase 3Q25 Investor Presentation Investor Relations November 20, 2025
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 $84.5 3.2 $4.0 $1.90 billion billion billion Market Cap 1 Shares Outstanding, Basic Net Income per ADS Net Revenues (11/19/25) Diluted (3Q25) (GAAP) (3Q25) (3Q25) $1.2 $21.5 billion billion AA 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 3,204 3,277 Online Games Related VAS 2,931 98% (3Q25) 3Q24 2Q25 3Q25 Note: 1 US$1.00 = RMB7.1190 on September 30, 2025. Same exchange rate is applied to all years for illu
Slide 6: Online Games
ONLINE GAMES PC & CONSOLE GAMES MOBILE GAMES Flagship Self-Developed PC & Console Titles Self-Developed Mobile Games Mobile Games in Overseas Markets Licensed Mobile Games From Overseas Developers • Showcased strong long-term operating capabilities with enduring player engagement across well-establi
Slide 7: Youdao
YOUDAO USD million1 Youdao Net Revenues • Youdao continued to solidly execute its AI-Native Net Revenues strategy. 229 • Its learning services partnered with the Yau 221 Mathematical Sciences Center of Tsinghua University, providing technical support to a platform, 199 which is designed to identify
Slide 8: NetEase Cloud Music
NETEASE CLOUD MUSIC USD million1 NetEase Cloud Music Net Revenues Net Revenues • One of the leading online music platforms in China, featuring an interactive content community for music enthusiasts in terms of user scale and engagement 281 277 276 • Provide community-centric online music services an
Slide 9: Innovative Businesses and Others
INNOVATIVE BUSINESSES AND OTHERS USD million1 Innovative Businesses and Others NetEase Yanxuan Net Revenues • Leading private-label consumer lifestyle brand in China 50.0% Net Revenues • Continued to strengthen its brand presence with highly popular 30.0% products in focused categories • Maintained
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS USD billion1 Net Revenues Net Income Attributable to Shareholders (GAAP) 14.8 4.1 4.2 14.5 13.6 2.9 1.2 4.0 FY2022 FY2023 FY2024 3Q25 FY2022 FY2023 FY2024 3Q25 Value Returned to Shareholders Operating Cash Flow US$ FY2022 FY2023 FY2024 3Q25 Dividend per 5.6 $1.38700 $2.56485 $2.
Slide 11: ESG Performance
ESG PERFORMANCE MSCI Ratings S&P Global ESG Score Sustainalytics Ratings AA 52 14.3 Last Updated: October 2024 Last Updated: September 2024 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 232 member of
Slide 12: Balance Sheet Summary
BALANCE SHEET SUMMARY 2024 2025 Dec 31, RMB Sep 30, RMB Sep 30, USD in millions (Unaudited) (Unaudited) ASSETS Current assets: Cash and cash equivalents 51,383 31,327 4,400 Time deposits 75,441 93,552 13,141 Other current assets 26,501 46,331 6,509 Total current assets 153,325 171,210 24,050 Propert
Slide 13: Unaudited Income Statement Summary
UNAUDITED INCOME STATEMENT SUMMARY 3Q24 2Q25 3Q25 3Q25 QoQ YoY in millions except per ADS data & percentage data RMB RMB RMB USD Change Change Total net revenues: 26,210 27,892 28,359 3,984 1.7% 8.2% Games and related value-added services 20,864 22,806 23,328 3,277 2.3% 11.8% Youdao 1,573 1,418 1,62
Slide 14: Thank You
THANK YOU