Netease Inc · NASDAQ:NTES
Netease — Q2 2026 Earnings Presentation
14 slides from Netease's earnings presentation, Aug 20, 2026
Slide 1: 2Q26 Investor Presentation
Net Eas e 2Q26 Investor Presentation Investor Relations August 20, 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 $81.5 3.2 $4.4 $1.61 billion billion billion Market Cap 1 Shares Outstanding, Basic Net Income per ADS Net Revenues (8/19/26) Diluted (2Q26) (GAAP) (2Q26) (2Q26) $1.0 $24.7 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 3,790 3,688 3,361 Online Games Related VAS 98% (2Q26) 2Q25 1Q26 2Q26 Note: 1 US$1.00 = RMB6.7851 on June 30, 2026. Same exchange rate is applied to all years for illustrat
Slide 6: Online Games
ONLINE GAMES PC & CONSOLE GAMES MOBILE GAMES Flagship Self-Developed PC & Console Titles Self-Developed Mobile Games Mobile Games in Overseas Markets Flagship Licensed Titles Licensed Mobile Games From Overseas Developers • The Fantasy Westward Journey franchise, Identity V, Eggy Party, Sword of Jus
Slide 7: Youdao
YOUDAO USD million1 Youdao Net Revenues • Youdao advanced its AI-native strategy and deepened Net Revenues AI-driven innovation across its ecosystem. • Launched the large language model Confucius 4, 236 which delivers leading mathematical reasoning 230 224 216 capabilities at lower inference costs c
Slide 8: NetEase Cloud Music
NETEASE CLOUD MUSIC USD million1 NetEase Cloud Music Net Revenues Net Revenues • NetEase Cloud Music further developed its music- centric ecosystem. • Enhancements to the user experience and strong brand perception continued to drive higher user 290 292 291 engagement and expanded the daily active u
Slide 9: Innovative Businesses and Others
INNOVATIVE BUSINESSES AND OTHERS USD million1 Innovative Businesses and Others NetEase Yanxuan Net Revenues • Leading private-label consumer lifestyle brand in China Net Revenues 50.0% • Continued to strengthen its brand presence with highly popular products in focused categories 30.0% • Maintained
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS USD billion1 Net Revenues Net Income Attributable to Shareholders (GAAP) 16.6 15.2 15.5 5.0 4.3 4.4 4.4 1.0 FY2023 FY2024 FY2025 2Q26 FY2023 FY2024 FY2025 2Q26 Value Returned to Shareholders Operating Cash Flow US$ FY2023 FY2024 FY2025 2Q26 Dividend per 7.5 ADS (declared) $2.564
Slide 11: ESG Performance
ESG PERFORMANCE MSCI Ratings S&P Global ESG Score Sustainalytics Ratings AAA 50 13.9 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 12: Balance Sheet Summary
BALANCE SHEET SUMMARY 2025 2026 Dec 31, RMB Jun 30, RMB Jun 30, USD in millions (Unaudited) (Unaudited) ASSETS Current assets: Cash and cash equivalents 47,168 22,815 3,362 Time deposits 92,639 101,979 15,030 Other current assets 40,808 67,270 9,915 Total current assets 180,615 192,064 28,307 Proper
Slide 13: Unaudited Income Statement Summary
UNAUDITED INCOME STATEMENT SUMMARY 2Q25 1Q26 2Q26 2Q26 QoQ YoY in millions except per ADS data & percentage data RMB RMB RMB USD Change Change Total net revenues: 27,892 30,591 30,107 4,437 -1.6% 7.9% Games and related value-added services 22,806 25,713 25,023 3,688 -2.7% 9.7% Youdao 1,418 1,348 1,4
Slide 14: Thank You
THANK YOU