NetEase Inc · NASDAQ:NTES
NetEase — Q1 2025 Earnings Presentation
13 slides from NetEase's earnings presentation, May 15, 2025
Slide 1: 1Q25 Investor Presentation
NetEase 1Q25 Investor Presentation Investor Relations May 15, 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 $67.8 3.2 $4.0 $2.24 billion billion billion Market Cap 1 Shares Outstanding, Basic Net Income per ADS Net Revenues (5/14/25) Diluted (1Q25) (GAAP) (1Q25) (1Q25) $1.4 $18.9 billion billion AA Net income attributable to the Net cash 2 MSCI ESG Rating 3 Company's shareholders (G
Slide 5: Games and Related Value-Added Services
GAMES AND RELATED VALUE-ADDED SERVICES USD million1 Games and Related Value-added Services Net Revenues and Gross Margin Online Games Related VAS Gross Margin 4,500 80.0% 69.5% 68.8% 66.7% 4,000 70.0% 3,500 3,314 60.0% Online Games Related VAS 3,000 2,957 2,927 50.0% 98% (1Q25) 2,500 40.0% 2,000 30.
Slide 6: Online Games
ONLINE GAMES PC & CONSOLE GAMES MOBILE GAMES Flagship Self-Developed PC & Console Titles Self-Developed Mobile Games Mobile Games in Overseas Markets Licensed Mobile Games From Overseas Developers • Success of recently released titles drove increased traction in the global game market and further di
Slide 7: Youdao
YOUDAO USD million1 Youdao Net Revenues and Gross Margin Net Revenues Gross Margin • Youdao achieved record-high first-quarter operating 49.0% 47.8% profit, maintaining the profitability momentum of 47.3% 50.0% 202 previous quarters. 196 192 40.0% 190 185 • Learning services focused on high-demand 3
Slide 8: NetEase Cloud Music, Innovative Businesses and Others
NETEASE CLOUD MUSIC, INNOVATIVE BUSINESSES AND OTHERS NetEase Cloud Music Innovative Businesses and Others • Net revenues from NetEase Cloud Music were • Net revenues from innovative businesses and others were RMB1.6 RMB1.9 billion for 1Q25, compared with RMB2.0 billion for 1Q25, compared with RMB2.
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS USD billion1 Net Revenues Net Income Attributable to Shareholders (GAAP) 14.5 4.1 4.1 14.3 13.3 2.8 1.4 4.0 FY2022 FY2023 FY2024 1Q25 FY2022 FY2023 FY2024 1Q25 Value Returned to Shareholders Operating Cash Flow US$ FY2022 FY2023 FY2024 1Q25 Dividend per 5.5 $1.38700 $2.56485 $2.
Slide 10: ESG Performance
ESG PERFORMANCE MSCI Ratings S&P Global ESG Score Sustainalytics Ratings AA 52 15.9 Last Updated: May 2025 Last Updated: September 2024 Last Updated: March 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 the 2
Slide 11: Balance Sheet Summary
BALANCE SHEET SUMMARY 2024 2025 Dec 31, RMB Mar 31, RMB Mar 31, USD in millions (Unaudited) (Unaudited) ASSETS Current assets: Cash and cash equivalents 51,383 41,749 5,753 Time deposits 75,441 81,008 11,163 Other current assets 26,501 34,914 4,812 Total current assets 153,325 157,671 21,728 Propert
Slide 12: Income Statement Summary
INCOME STATEMENT SUMMARY 1Q24 4Q24 1Q25 1Q25 QoQ YoY in millions except per ADS data & percentage data RMB RMB RMB USD Change Change (Unaudited) (Unaudited) Total net revenues: 26,852 26,748 28,829 3,973 7.8% 7.4% Games and related value-added services 21,460 21,242 24,048 3,314 13.2% 12.1% Youdao 1
Slide 13: Thank You
THANK YOU