NetEase Key Executives
This section highlights NetEase's key executives, including their titles and compensation details.
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NetEase Earnings
This section highlights NetEase's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
---|---|---|---|---|---|
Read Transcript | Q4 | 2024 | 2025-02-20 | $1.77 | $2.07 |
Read Transcript | Q3 | 2024 | 2024-11-14 | $1.74 | $1.44 |
Read Transcript | Q2 | 2024 | 2024-08-22 | $1.79 | $1.66 |
Read Transcript | Q1 | 2024 | 2024-05-23 | $1.85 | $1.81 |
Read Transcript | Q4 | 2023 | 2024-02-29 | $1.80 | $1.60 |
Read Transcript | Q3 | 2023 | 2023-11-16 | $1.65 | $1.82 |
Read Transcript | Q2 | 2023 | 2023-08-24 | $1.33 | $1.91 |
Read Transcript | Q1 | 2023 | 2023-05-25 | $1.31 | $1.69 |

NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally. The company operates through Games and Related Value-Added Services; Youdao; Cloud Music; and Innovative Businesses and Others segments. It develops and operates PC and mobile games, as well as offers games licensed from other game developers. The company's products and services include Youdao Dictionary, an online knowledge tool; Youdao Translation, a tool specifically designed to support translation needs of business and leisure travelers; U-Dictionary, an online dictionary and translation app; Youdao Kids' Dictionary, a smart and fun tool; smart devices, such as Youdao Dictionary Pen, Youdao Smart Learning Pad, and Youdao Listening Pod; online courses; interactive learning apps; and education digitalization solutions, such as Youdao Smart Learning Terminal, a device that automates paper-based homework processing; Youdao Smart Cloud, a cloud-based platform that allows third-party app developers, smart device brands, and manufacturers to the company's OCR capabilities; and Youdao Sports, a sports-centric educational system. Its products and services include NetEase Cloud Music, a music streaming platform; Yanxuan, an e-commerce platform, which sells private label products; www.163.com portal and related mobile app, Wangyi Xinwen, which deliver information such as news, sports events, technology, fashion trends, and online entertainment; NetEase Mail, an email service; NetEase CC Live streaming, a live streaming platform with a focus on game broadcasting; and NetEase Pay, a payment platform. The company was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. NetEase, Inc. was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.
$97.05
Stock Price
$62.55B
Market Cap
29.13K
Employees
Hangzhou, None
Location
Financial Statements
Access annual & quarterly financial statements for NetEase, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
---|---|---|---|---|---|
Revenue | $105.30B | $103.47B | $96.50B | $87.61B | $73.67B |
Cost of Revenue | $39.49B | $40.40B | $43.73B | $40.64B | $34.68B |
Gross Profit | $65.81B | $63.06B | $52.77B | $46.97B | $38.98B |
Gross Profit Ratio | 62.50% | 60.90% | 54.68% | 53.60% | 52.92% |
Research and Development Expenses | $17.52B | $16.48B | $15.04B | $14.08B | $10.37B |
General and Administrative Expenses | $4.55B | $4.90B | $4.70B | $4.26B | $3.37B |
Selling and Marketing Expenses | $14.15B | $13.97B | $13.40B | $12.21B | $10.70B |
Selling General and Administrative Expenses | $18.70B | $18.87B | $18.10B | $16.48B | $14.08B |
Other Expenses | $- | $- | $846.82M | $710.43M | $737.17M |
Operating Expenses | $36.22B | $35.35B | $33.14B | $30.55B | $24.44B |
Cost and Expenses | $75.71B | $75.76B | $76.87B | $71.19B | $59.13B |
Interest Income | $- | $4.12B | $2.15B | $1.52B | $1.60B |
Interest Expense | $- | $- | $2.15B | $- | $- |
Depreciation and Amortization | $2.42B | $3.06B | $2.86B | $3.28B | $3.46B |
EBITDA | $32.00B | $30.76B | $22.49B | $19.69B | $18.00B |
EBITDA Ratio | 30.39% | 29.73% | 21.62% | 19.67% | 26.47% |
Operating Income | $29.58B | $27.71B | $19.63B | $16.42B | $14.54B |
Operating Income Ratio | 28.10% | 26.78% | 20.34% | 18.74% | 19.74% |
Total Other Income Expenses Net | $6.13B | $6.35B | $4.62B | $4.69B | $833.68M |
Income Before Tax | $35.72B | $34.06B | $24.25B | $21.10B | $15.37B |
Income Before Tax Ratio | 33.92% | 32.92% | 25.13% | 24.09% | 20.87% |
Income Tax Expense | $5.46B | $4.70B | $5.03B | $4.13B | $3.04B |
Net Income | $29.70B | $29.42B | $20.34B | $16.86B | $12.06B |
Net Income Ratio | 28.20% | 28.43% | 21.08% | 19.24% | 16.37% |
EPS | $9.19 | $9.05 | $6.11 | $5.07 | $3.65 |
EPS Diluted | $9.19 | $9.05 | $6.04 | $5.01 | $3.60 |
Weighted Average Shares Outstanding | 3.23B | 3.25B | 3.26B | 3.33B | 3.31B |
Weighted Average Shares Outstanding Diluted | 3.23B | 3.25B | 3.37B | 3.37B | 3.35B |
SEC Filing | Source | Source | Source | Source | Source |
Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | $26.75B | $26.21B | $25.49B | $26.85B | $27.14B | $27.27B | $24.01B | $25.05B | $25.35B | $24.43B | $23.16B | $23.56B | $24.37B | $22.19B | $20.52B | $20.52B | $19.76B | $18.66B | $18.18B | $17.06B |
Cost of Revenue | $10.48B | $9.73B | $9.44B | $9.84B | $10.32B | $10.30B | $9.64B | $10.15B | $12.11B | $10.68B | $10.22B | $10.72B | $11.46B | $10.38B | $9.33B | $9.46B | $9.83B | $8.77B | $8.39B | $7.68B |
Gross Profit | $16.27B | $16.48B | $16.04B | $17.02B | $16.83B | $16.97B | $14.38B | $14.90B | $13.24B | $13.74B | $12.94B | $12.84B | $12.92B | $11.81B | $11.19B | $11.05B | $9.93B | $9.89B | $9.79B | $9.38B |
Gross Profit Ratio | 60.84% | 62.90% | 62.90% | 63.40% | 62.00% | 62.20% | 59.90% | 59.50% | 52.20% | 56.30% | 55.90% | 54.50% | 53.00% | 53.20% | 54.50% | 53.90% | 50.24% | 52.98% | 53.85% | 54.96% |
Research and Development Expenses | $4.47B | $4.42B | $4.46B | $4.17B | $4.48B | $4.35B | $3.91B | $3.75B | $4.09B | $3.97B | $3.58B | $3.40B | $3.85B | $3.76B | $3.41B | $3.06B | $3.03B | $2.79B | $2.41B | $2.14B |
General and Administrative Expenses | $1.16B | $1.10B | $1.09B | $1.20B | $1.25B | $1.49B | $1.16B | $1.02B | $1.30B | $1.26B | $1.11B | $1.02B | $1.16B | $1.14B | $1.01B | $950.19M | $809.96M | $783.82M | $892.62M | $885.43M |
Selling and Marketing Expenses | $2.82B | $3.81B | $3.50B | $4.02B | $4.23B | $3.57B | $3.24B | $2.91B | $3.42B | $3.77B | $3.30B | $2.92B | $3.30B | $3.13B | $3.01B | $2.77B | $3.08B | $3.44B | $2.32B | $1.86B |
Selling General and Administrative Expenses | $3.98B | $4.91B | $4.59B | $5.22B | $5.48B | $5.06B | $4.40B | $3.93B | $4.72B | $5.03B | $4.41B | $3.93B | $4.46B | $4.27B | $4.02B | $3.72B | $3.89B | $4.23B | $3.21B | $2.75B |
Other Expenses | $- | $- | $- | $193.89M | $434.76M | $240.02M | $120.83M | $258.03M | $344.88M | $164.44M | $121.17M | $216.33M | $297.24M | $117.64M | $147.59M | $147.97M | $139.32M | $109.94M | $421.20M | $66.71M |
Operating Expenses | $8.45B | $9.33B | $9.05B | $9.39B | $9.96B | $9.41B | $8.31B | $7.68B | $8.81B | $9.00B | $8.00B | $7.33B | $8.31B | $8.04B | $7.43B | $6.78B | $6.92B | $7.02B | $5.62B | $4.89B |
Cost and Expenses | $18.93B | $19.06B | $18.49B | $19.23B | $20.27B | $19.71B | $17.95B | $17.83B | $20.92B | $19.68B | $18.21B | $18.05B | $19.77B | $18.42B | $16.77B | $16.24B | $16.75B | $15.79B | $14.01B | $12.58B |
Interest Income | $- | $1.28B | $1.19B | $1.28B | $1.26B | $1.15B | $935.58M | $776.03M | $629.29M | $556.15M | $505.99M | $458.24M | $395.03M | $349.55M | $386.21M | $388.93M | $410.00M | $446.91M | $396.52M | $345.18M |
Interest Expense | $- | $- | $- | $- | $- | $- | $- | $- | $629.29M | $556.15M | $505.99M | $458.24M | $395.03M | $349.55M | $386.21M | $388.93M | $410.00M | $446.91M | $396.52M | $345.18M |
Depreciation and Amortization | $697.45M | $520.57M | $631.96M | $567.92M | $659.77M | $651.86M | $661.36M | $1.08B | $769.14M | $713.85M | $609.04M | $766.18M | $836.04M | $805.49M | $814.37M | $819.83M | $962.53M | $913.05M | $892.15M | $690.06M |
EBITDA | $8.52B | $7.67B | $7.63B | $8.19B | $7.53B | $8.21B | $6.72B | $8.30B | $5.20B | $2.71B | $5.56B | $6.27B | $5.44B | $4.58B | $4.57B | $5.10B | $3.97B | $3.78B | $5.06B | $5.18B |
EBITDA Ratio | 31.85% | 29.25% | 29.92% | 29.78% | 30.76% | 29.53% | 20.70% | 32.81% | 23.01% | 11.10% | 23.31% | 29.38% | 17.02% | 21.14% | 20.83% | 20.08% | 30.61% | 21.84% | 23.83% | 29.55% |
Operating Income | $7.82B | $7.15B | $6.99B | $7.62B | $6.87B | $7.56B | $6.06B | $7.22B | $4.43B | $2.00B | $4.95B | $5.51B | $4.61B | $3.78B | $3.76B | $4.28B | $3.01B | $2.87B | $4.17B | $4.49B |
Operating Income Ratio | 29.24% | 27.27% | 27.44% | 28.39% | 25.31% | 27.71% | 25.25% | 28.83% | 17.49% | 8.17% | 21.36% | 23.38% | 18.91% | 17.01% | 18.31% | 20.84% | 15.24% | 15.38% | 22.93% | 26.29% |
Total Other Income Expenses Net | $2.48B | $849.25M | $1.14B | $1.67B | $876.50M | $1.54B | $2.81B | $1.12B | $342.82M | $6.21B | $784.96M | $27.99M | $1.99B | $355.88M | $831.47M | $1.51B | $-1.52B | $266.01M | $1.55B | $546.22M |
Income Before Tax | $10.30B | $8.00B | $8.13B | $9.29B | $7.74B | $9.10B | $8.87B | $8.34B | $4.78B | $8.21B | $5.73B | $5.54B | $6.60B | $4.13B | $4.59B | $5.79B | $1.49B | $3.14B | $5.72B | $5.03B |
Income Before Tax Ratio | 38.52% | 30.51% | 31.90% | 34.59% | 28.54% | 33.37% | 36.95% | 33.29% | 18.84% | 33.60% | 24.75% | 23.50% | 27.06% | 18.62% | 22.36% | 28.21% | 7.53% | 16.81% | 31.43% | 29.50% |
Income Tax Expense | $1.39B | $1.29B | $1.30B | $1.49B | $1.07B | $1.29B | $712.09M | $1.63B | $966.57M | $1.59B | $1.26B | $1.22B | $933.99M | $807.65M | $1.11B | $1.27B | $552.66M | $342.70M | $1.06B | $1.08B |
Net Income | $8.77B | $6.54B | $6.76B | $7.63B | $6.58B | $7.84B | $8.24B | $6.75B | $3.95B | $6.70B | $5.29B | $4.39B | $5.69B | $3.18B | $3.54B | $4.44B | $975.70M | $3.00B | $4.54B | $3.55B |
Net Income Ratio | 32.77% | 24.95% | 26.52% | 28.43% | 24.25% | 28.74% | 34.33% | 26.97% | 15.59% | 27.43% | 22.85% | 18.65% | 23.36% | 14.34% | 17.26% | 21.64% | 4.94% | 16.07% | 24.95% | 20.81% |
EPS | $2.73 | $2.03 | $2.10 | $2.38 | $2.05 | $2.44 | $2.56 | $2.10 | $1.22 | $2.05 | $1.62 | $1.34 | $1.74 | $0.96 | $1.06 | $1.33 | $0.29 | $0.89 | $1.40 | $1.10 |
EPS Diluted | $2.73 | $2.01 | $2.08 | $2.35 | $2.02 | $2.41 | $2.54 | $2.07 | $1.21 | $2.03 | $1.60 | $1.33 | $1.71 | $0.95 | $1.05 | $1.31 | $0.29 | $0.87 | $1.38 | $1.08 |
Weighted Average Shares Outstanding | 3.21B | 3.22B | 3.22B | 3.21B | 3.26B | 3.21B | 3.22B | 3.22B | 3.24B | 3.26B | 3.27B | 3.28B | 3.28B | 3.33B | 3.35B | 3.35B | 3.36B | 3.38B | 3.24B | 3.23B |
Weighted Average Shares Outstanding Diluted | 3.21B | 3.26B | 3.26B | 3.25B | 3.25B | 3.25B | 3.25B | 3.26B | 3.27B | 3.29B | 3.31B | 3.32B | 3.32B | 3.36B | 3.39B | 3.40B | 3.41B | 3.43B | 3.28B | 3.27B |
SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
---|---|---|---|---|---|
Cash and Cash Equivalents | $51.38B | $21.43B | $24.89B | $14.50B | $9.12B |
Short Term Investments | $86.20B | $105.29B | $92.57B | $83.04B | $84.35B |
Cash and Short Term Investments | $137.58B | $126.72B | $117.46B | $97.53B | $93.47B |
Net Receivables | $5.67B | $9.23B | $5.00B | $5.51B | $4.58B |
Inventory | $571.55M | $695.37M | $993.64M | $964.73M | $621.21M |
Other Current Assets | $9.50B | $6.04B | $11.96B | $13.58B | $13.06B |
Total Current Assets | $153.32B | $142.69B | $131.60B | $113.12B | $107.83B |
Property Plant Equipment Net | $8.52B | $8.82B | $6.34B | $5.43B | $4.56B |
Goodwill | $- | $1.86B | $2.17B | $595.28M | $318.94M |
Intangible Assets | $4.17B | $5.96B | $4.12B | $4.11B | $4.18B |
Goodwill and Intangible Assets | $4.17B | $7.82B | $4.12B | $4.11B | $4.18B |
Long Term Investments | $3.02B | $22.83B | $2.97B | $5.82B | $6.63B |
Tax Assets | $- | $- | $1.48B | $1.30B | $1.09B |
Other Non-Current Assets | $26.95B | $3.76B | $26.24B | $23.86B | $17.59B |
Total Non-Current Assets | $42.67B | $43.23B | $41.16B | $40.52B | $34.04B |
Other Assets | $- | $- | $- | $- | $- |
Total Assets | $195.99B | $185.92B | $172.76B | $153.64B | $141.87B |
Account Payables | $720.55M | $881.02M | $1.51B | $985.06M | $1.13B |
Short Term Debt | $11.81B | $19.50B | $24.13B | $19.69B | $19.84B |
Tax Payables | $- | $2.57B | $2.81B | $4.54B | $4.28B |
Deferred Revenue | $- | $16.99B | $12.52B | $12.13B | $10.95B |
Other Current Liabilities | $37.14B | $13.90B | $28.37B | $25.29B | $9.18B |
Total Current Liabilities | $49.67B | $53.84B | $56.83B | $50.50B | $46.74B |
Long Term Debt | $428.00M | $983.83M | $4.33B | $2.01B | $949.76M |
Deferred Revenue Non-Current | $- | $- | $- | $145.24M | $- |
Deferred Tax Liabilities Non-Current | $- | $- | $2.13B | $1.35B | $713.44M |
Other Non-Current Liabilities | $3.40B | $3.01B | $604.93M | $365.58M | $-326.04M |
Total Non-Current Liabilities | $3.83B | $4.00B | $7.06B | $3.86B | $12.13B |
Other Liabilities | $- | $- | $- | $- | $- |
Total Liabilities | $53.50B | $57.84B | $63.89B | $54.37B | $58.88B |
Preferred Stock | $- | $- | $- | $- | $- |
Common Stock | $138.69B | $2.71M | $2.71M | $2.79M | $2.79M |
Retained Earnings | $- | $112.21B | $91.07B | $77.49B | $64.16B |
Accumulated Other Comprehensive Income Loss | $- | $2.16B | $431.79M | $417.06M | $577.99M |
Other Total Stockholders Equity | $- | $9.91B | $11.94B | $17.41B | $17.38B |
Total Stockholders Equity | $138.69B | $124.29B | $104.73B | $95.33B | $82.13B |
Total Equity | $142.49B | $128.08B | $108.87B | $99.28B | $83.00B |
Total Liabilities and Stockholders Equity | $195.99B | $185.92B | $172.76B | $153.64B | $141.87B |
Minority Interest | $3.81B | $3.80B | $4.14B | $3.95B | $871.01M |
Total Liabilities and Total Equity | $195.99B | $185.92B | $172.76B | $153.64B | $141.87B |
Total Investments | $89.22B | $128.13B | $95.54B | $88.86B | $90.98B |
Total Debt | $12.23B | $20.48B | $27.53B | $20.63B | $19.50B |
Net Debt | $-39.15B | $-945.42M | $2.64B | $6.13B | $10.39B |
Balance Sheet Charts
Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash and Cash Equivalents | $51.38B | $20.18B | $18.98B | $43.03B | $21.43B | $15.12B | $12.77B | $13.70B | $24.89B | $18.00B | $16.46B | $9.85B | $14.50B | $22.27B | $9.94B | $8.79B | $9.12B | $6.47B | $10.62B | $5.59B |
Short Term Investments | $86.20B | $103.80B | $103.87B | $91.57B | $105.29B | $95.71B | $97.04B | $106.74B | $92.57B | $98.24B | $95.08B | $92.65B | $83.04B | $69.07B | $90.95B | $90.72B | $84.35B | $91.93B | $85.55B | $69.89B |
Cash and Short Term Investments | $137.58B | $123.99B | $122.86B | $134.60B | $126.72B | $110.83B | $109.81B | $120.44B | $117.46B | $116.24B | $111.55B | $102.50B | $97.53B | $91.33B | $100.88B | $99.51B | $93.47B | $98.40B | $96.17B | $75.48B |
Net Receivables | $5.67B | $6.17B | $6.36B | $7.77B | $6.42B | $6.49B | $5.34B | $6.09B | $5.00B | $5.21B | $5.21B | $5.28B | $5.51B | $5.42B | $4.45B | $5.06B | $4.58B | $4.95B | $5.02B | $5.29B |
Inventory | $571.55M | $613.68M | $574.44M | $603.98M | $695.37M | $721.96M | $806.96M | $876.30M | $993.64M | $932.90M | $843.77M | $861.31M | $964.73M | $1.04B | $884.31M | $874.70M | $621.21M | $524.36M | $558.79M | $562.12M |
Other Current Assets | $9.50B | $9.81B | $8.36B | $8.82B | $6.04B | $9.52B | $8.27B | $8.13B | $6.73B | $9.22B | $10.41B | $10.43B | $7.56B | $11.15B | $9.74B | $10.09B | $13.06B | $9.89B | $9.37B | $8.89B |
Total Current Assets | $153.32B | $140.58B | $138.15B | $151.79B | $142.69B | $127.57B | $124.22B | $135.55B | $131.60B | $131.59B | $128.01B | $119.07B | $113.12B | $108.94B | $115.96B | $115.53B | $107.83B | $113.77B | $111.11B | $90.22B |
Property Plant Equipment Net | $8.52B | $8.20B | $8.09B | $8.06B | $8.82B | $7.58B | $7.35B | $6.62B | $6.34B | $6.17B | $6.02B | $5.84B | $5.43B | $4.96B | $4.69B | $4.65B | $4.56B | $4.44B | $4.42B | $5.07B |
Goodwill | $- | $- | $- | $- | $1.86B | $- | $- | $- | $2.17B | $- | $- | $- | $595.28M | $- | $- | $- | $318.94M | $- | $- | $- |
Intangible Assets | $4.17B | $4.20B | $4.02B | $4.05B | $5.96B | $4.11B | $4.15B | $4.12B | $4.12B | $4.13B | $4.16B | $4.15B | $4.11B | $4.11B | $4.13B | $4.16B | $4.18B | $4.20B | $4.22B | $7.15B |
Goodwill and Intangible Assets | $4.17B | $4.20B | $4.02B | $4.05B | $7.82B | $4.11B | $4.15B | $4.12B | $4.12B | $4.13B | $4.16B | $4.15B | $4.11B | $4.11B | $4.13B | $4.16B | $4.18B | $4.20B | $4.22B | $7.15B |
Long Term Investments | $3.02B | $4.03B | $3.94B | $1.05B | $22.83B | $2.22B | $2.68B | $2.73B | $2.97B | $4.47B | $4.47B | $4.47B | $5.82B | $6.95B | $7.10B | $6.74B | $6.63B | $4.25B | $6.82B | $13.07B |
Tax Assets | $- | $1.17B | $1.50B | $1.48B | $1.56B | $1.42B | $1.32B | $1.27B | $1.48B | $1.39B | $1.25B | $1.13B | $1.30B | $1.10B | $1.10B | $1.04B | $1.09B | $892.86M | $790.05M | $934.60M |
Other Non-Current Assets | $26.95B | $26.71B | $27.63B | $28.64B | $2.20B | $28.67B | $28.18B | $27.95B | $26.24B | $24.96B | $24.26B | $24.58B | $23.86B | $21.72B | $21.86B | $18.38B | $17.59B | $17.18B | $16.81B | $2.21B |
Total Non-Current Assets | $42.67B | $44.32B | $45.19B | $43.27B | $43.23B | $44.01B | $43.68B | $42.69B | $41.16B | $41.12B | $40.17B | $40.17B | $40.52B | $38.84B | $38.90B | $34.98B | $34.04B | $30.97B | $33.06B | $28.43B |
Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Total Assets | $195.99B | $184.90B | $183.34B | $195.06B | $185.92B | $171.58B | $167.91B | $178.24B | $172.76B | $172.71B | $168.18B | $159.25B | $153.64B | $147.79B | $154.86B | $150.50B | $141.87B | $144.73B | $144.17B | $118.65B |
Account Payables | $720.55M | $755.37M | $792.00M | $871.43M | $881.02M | $863.33M | $740.61M | $831.12M | $1.51B | $867.30M | $942.07M | $924.57M | $985.06M | $1.10B | $889.72M | $1.07B | $1.13B | $997.10M | $853.75M | $1.20B |
Short Term Debt | $11.81B | $10.59B | $13.19B | $24.84B | $19.50B | $11.22B | $11.88B | $27.39B | $24.13B | $25.45B | $28.03B | $22.68B | $19.69B | $19.61B | $27.19B | $21.83B | $19.84B | $22.25B | $21.93B | $19.86B |
Tax Payables | $- | $2.61B | $2.38B | $3.84B | $2.57B | $3.07B | $2.56B | $3.55B | $2.81B | $3.74B | $3.26B | $4.61B | $4.54B | $4.01B | $4.44B | $5.84B | $4.28B | $4.06B | $3.82B | $4.39B |
Deferred Revenue | $- | $15.54B | $13.62B | $14.91B | $16.99B | $14.19B | $12.94B | $13.00B | $12.52B | $13.90B | $12.32B | $12.05B | $12.13B | $13.57B | $11.36B | $11.69B | $10.95B | $10.38B | $9.38B | $11.92B |
Other Current Liabilities | $37.14B | $16.21B | $15.95B | $30.49B | $30.89B | $28.71B | $27.16B | $26.41B | $28.37B | $26.97B | $25.21B | $23.55B | $25.29B | $24.29B | $21.82B | $21.91B | $9.18B | $19.62B | $18.59B | $6.04B |
Total Current Liabilities | $49.67B | $45.71B | $45.93B | $60.05B | $53.84B | $43.87B | $42.34B | $58.18B | $56.83B | $57.03B | $57.44B | $51.76B | $50.50B | $49.01B | $54.34B | $50.65B | $46.74B | $46.93B | $45.20B | $43.41B |
Long Term Debt | $428.00M | $428.00M | $428.00M | $428.00M | $983.83M | $428.00M | $3.95B | $3.73B | $4.33B | $3.55B | $3.36B | $3.17B | $2.01B | $- | $733.66M | $737.93M | $474.88M | $- | $- | $282.89M |
Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $145.24M | $-747.26M | $-733.66M | $-737.93M | $- | $- | $- | $- |
Deferred Tax Liabilities Non-Current | $- | $1.83B | $1.45B | $2.70B | $2.30B | $2.01B | $2.21B | $2.49B | $2.13B | $1.35B | $1.45B | $1.49B | $1.35B | $1.58B | $1.27B | $997.22M | $713.44M | $533.21M | $980.53M | $625.58M |
Other Non-Current Liabilities | $3.40B | $1.20B | $1.19B | $3.95B | $3.01B | $3.33B | $3.35B | $3.79B | $2.73B | $2.62B | $2.61B | $2.68B | $1.86B | $13.68B | $12.36B | $11.94B | $10.94B | $11.18B | $11.02B | $11.16B |
Total Non-Current Liabilities | $3.83B | $3.46B | $3.07B | $4.38B | $4.00B | $3.76B | $7.30B | $7.52B | $7.06B | $6.17B | $5.97B | $5.86B | $3.86B | $13.68B | $13.09B | $12.68B | $12.13B | $11.71B | $12.00B | $11.44B |
Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Total Liabilities | $53.50B | $49.17B | $49.00B | $64.43B | $57.84B | $47.63B | $49.64B | $65.70B | $63.89B | $63.20B | $63.42B | $57.62B | $54.37B | $62.68B | $67.43B | $63.33B | $58.88B | $58.64B | $57.19B | $54.85B |
Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $10.54B | $10.39B |
Common Stock | $138.69B | $- | $- | $127.28B | $2.71M | $119.98B | $114.26B | $108.64B | $2.71M | $105.36B | $100.83B | $97.67B | $2.79M | $83.78B | $86.14B | $85.71B | $2.79M | $85.25B | $85.80B | $2.65M |
Retained Earnings | $- | $- | $- | $- | $112.21B | $- | $- | $- | $91.07B | $- | $- | $- | $77.49B | $- | $- | $- | $64.16B | $- | $- | $59.02B |
Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $2.16B | $- | $- | $- | $1.71B | $- | $- | $- | $417.06M | $- | $- | $- | $577.99M | $- | $- | $1.28B |
Other Total Stockholders Equity | $- | $132.15B | $130.91B | $- | $9.91B | $- | $- | $- | $11.94B | $- | $- | $- | $30.75B | $- | $- | $- | $17.38B | $- | $- | $-8.09B |
Total Stockholders Equity | $138.69B | $132.15B | $130.91B | $127.28B | $124.29B | $119.98B | $114.26B | $108.64B | $104.73B | $105.36B | $100.83B | $97.67B | $95.33B | $83.78B | $86.14B | $85.71B | $82.13B | $85.25B | $85.80B | $62.60B |
Total Equity | $142.49B | $135.73B | $134.35B | $130.64B | $128.08B | $123.95B | $118.27B | $112.54B | $108.87B | $109.51B | $104.76B | $101.63B | $99.28B | $85.10B | $87.42B | $87.18B | $83.00B | $86.09B | $86.98B | $63.81B |
Total Liabilities and Stockholders Equity | $195.99B | $184.90B | $183.34B | $195.06B | $185.92B | $171.58B | $167.91B | $178.24B | $172.76B | $172.71B | $168.18B | $159.25B | $153.64B | $147.79B | $154.86B | $150.50B | $141.87B | $144.73B | $144.17B | $118.65B |
Minority Interest | $3.81B | $3.58B | $3.44B | $3.36B | $3.80B | $3.97B | $4.00B | $3.89B | $4.14B | $4.14B | $3.93B | $3.96B | $3.95B | $1.32B | $1.29B | $1.47B | $871.01M | $847.00M | $1.17B | $1.21B |
Total Liabilities and Total Equity | $195.99B | $184.90B | $183.34B | $195.06B | $185.92B | $171.58B | $167.91B | $178.24B | $172.76B | $172.71B | $168.18B | $159.25B | $153.64B | $147.79B | $154.86B | $150.50B | $141.87B | $144.73B | $144.17B | $118.65B |
Total Investments | $89.22B | $107.83B | $107.81B | $92.62B | $106.34B | $97.93B | $99.72B | $109.48B | $95.54B | $102.71B | $99.56B | $97.12B | $107.67B | $76.02B | $98.05B | $97.46B | $102.69B | $96.18B | $92.37B | $82.96B |
Total Debt | $12.23B | $11.02B | $13.62B | $25.27B | $20.48B | $11.65B | $15.84B | $31.12B | $27.53B | $29.00B | $31.38B | $25.85B | $20.63B | $19.61B | $27.19B | $21.83B | $19.50B | $22.25B | $21.93B | $20.15B |
Net Debt | $-39.15B | $-9.16B | $-5.37B | $-17.76B | $-945.42M | $-3.47B | $3.07B | $17.42B | $2.64B | $11.00B | $14.92B | $16.00B | $6.13B | $-2.65B | $17.25B | $13.04B | $10.39B | $15.78B | $11.31B | $14.55B |
Annual Cash Flow
Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
---|---|---|---|---|---|
Net Income | $29.70B | $29.36B | $19.22B | $16.98B | $12.33B |
Depreciation and Amortization | $2.42B | $3.06B | $2.86B | $3.28B | $3.46B |
Deferred Income Tax | $- | $131.44M | $489.67M | $407.95M | $88.18M |
Stock Based Compensation | $3.88B | $3.24B | $3.17B | $3.04B | $2.66B |
Change in Working Capital | $1.35B | $375.88M | $3.50B | $3.19B | $4.77B |
Accounts Receivables | $716.38M | $-1.47B | $554.34M | $-1.19B | $-530.41M |
Inventory | $123.78M | $296.76M | $-27.61M | $-343.59M | $29.70M |
Accounts Payables | $- | $-559.42M | $447.67M | $-155.26M | $-86.35M |
Other Working Capital | $510.34M | $2.11B | $2.52B | $4.87B | $5.36B |
Other Non Cash Items | $2.33B | $-831.34M | $-1.53B | $-1.96B | $1.58B |
Net Cash Provided by Operating Activities | $39.68B | $35.33B | $27.71B | $24.93B | $24.89B |
Investments in Property Plant and Equipment | $-1.28B | $-4.28B | $-2.64B | $-3.11B | $-3.29B |
Acquisitions Net | $- | $-291.99M | $2.41B | $1.12B | $-1.69B |
Purchases of Investments | $- | $-128.86B | $-110.05B | $-103.12B | $-113.08B |
Sales Maturities of Investments | $- | $116.80B | $103.20B | $98.24B | $89.01B |
Other Investing Activities | $19.19B | $-413.63M | $-282.31M | $-197.13M | $-143.13M |
Net Cash Used for Investing Activities | $17.92B | $-17.04B | $-7.37B | $-7.08B | $-29.19B |
Debt Repayment | $-819.27M | $-8.31B | $4.85B | $1.71B | $4.04B |
Common Stock Issued | $- | $- | $- | $- | $21.91B |
Common Stock Repurchased | $-8.83B | $-5.23B | $-8.33B | $-12.92B | $- |
Dividends Paid | $-11.17B | $-8.01B | $-6.72B | $-3.51B | $-4.28B |
Other Financing Activities | $-6.52B | $86.16M | $-30.92M | $2.14B | $-11.76B |
Net Cash Used Provided by Financing Activities | $-27.34B | $-21.47B | $-10.24B | $-12.59B | $9.91B |
Effect of Forex Changes on Cash | $10.75M | $-202.46M | $110.40M | $-55.35M | $161.89M |
Net Change in Cash | $30.27B | $-3.38B | $10.21B | $5.21B | $5.77B |
Cash at End of Period | $54.47B | $24.21B | $27.59B | $17.38B | $12.17B |
Cash at Beginning of Period | $24.21B | $27.59B | $17.38B | $12.17B | $6.40B |
Operating Cash Flow | $39.68B | $35.33B | $27.71B | $24.93B | $24.89B |
Capital Expenditure | $-1.28B | $-4.28B | $-2.64B | $-3.11B | $-3.29B |
Free Cash Flow | $38.40B | $31.06B | $25.07B | $21.82B | $21.60B |
Cash Flow Charts
Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | $8.77B | $6.71B | $6.83B | $7.80B | $6.68B | $7.81B | $8.16B | $6.71B | $3.81B | $6.62B | $4.47B | $4.32B | $5.66B | $3.32B | $3.48B | $4.51B | $934.84M | $2.79B | $4.65B | $3.95B |
Depreciation and Amortization | $697.45M | $520.57M | $631.96M | $567.92M | $659.77M | $651.86M | $661.36M | $1.08B | $769.14M | $713.85M | $609.04M | $766.18M | $836.04M | $805.49M | $814.37M | $819.83M | $962.53M | $913.05M | $892.15M | $690.06M |
Deferred Income Tax | $- | $711.64M | $-1.28B | $485.05M | $193.85M | $-305.70M | $-334.38M | $577.67M | $578.32M | $-234.34M | $-169.54M | $315.23M | $-431.01M | $307.99M | $202.89M | $328.07M | $-74.04M | $-550.14M | $499.51M | $212.85M |
Stock Based Compensation | $931.44M | $978.14M | $1.08B | $894.30M | $812.99M | $819.55M | $787.86M | $822.41M | $876.56M | $787.00M | $764.45M | $746.15M | $1.00B | $688.23M | $700.11M | $650.25M | $628.98M | $676.75M | $691.95M | $665.81M |
Change in Working Capital | $2.91B | $1.12B | $-499.99M | $-38.82M | $2.56B | $817.69M | $134.17M | $-3.13B | $2.33B | $2.27B | $1.11B | $-2.21B | $2.43B | $803.32M | $-193.59M | $146.25M | $3.69B | $1.26B | $-1.24B | $1.05B |
Accounts Receivables | $517.85M | $146.76M | $1.41B | $-1.36B | $53.09M | $-1.18B | $770.55M | $-1.12B | $224.20M | $35.79M | $82.28M | $212.07M | $-97.06M | $-1.18B | $573.11M | $-484.34M | $355.50M | $43.18M | $-498.55M | $-430.54M |
Inventory | $42.13M | $-39.28M | $29.55M | $91.38M | $25.05M | $84.97M | $69.41M | $117.33M | $-60.70M | $-88.30M | $17.79M | $103.59M | $73.59M | $-154.07M | $-9.61M | $-253.50M | $-96.50M | $34.43M | $3.33M | $88.44M |
Accounts Payables | $- | $6.32M | $-126.86M | $-7.00M | $18.44M | $150.87M | $-115.79M | $-612.94M | $576.02M | $-84.43M | $48.45M | $-92.37M | $-89.21M | $172.70M | $-178.10M | $-60.65M | $136.21M | $147.81M | $-271.70M | $-98.68M |
Other Working Capital | $2.35B | $1.00B | $-1.81B | $1.57B | $-847.56M | $1.76B | $-590.00M | $-1.52B | $1.59B | $2.41B | $961.55M | $-2.43B | $2.54B | $1.96B | $-578.99M | $944.74M | $3.30B | $1.04B | $-471.49M | $1.50B |
Other Non Cash Items | $-293.29M | $542.22M | $-227.71M | $3.34B | $-138.54M | $49.64M | $-1.73B | $-60.14M | $649.97M | $-2.67B | $-154.83M | $649.89M | $-1.13B | $364.19M | $-277.35M | $-915.42M | $2.07B | $305.83M | $-724.16M | $-73.64M |
Net Cash Provided by Operating Activities | $13.01B | $10.58B | $6.53B | $9.56B | $11.81B | $9.84B | $7.68B | $6.00B | $9.01B | $7.49B | $6.63B | $4.58B | $8.37B | $6.29B | $4.72B | $5.54B | $8.21B | $5.40B | $4.77B | $6.50B |
Investments in Property Plant and Equipment | $-311.98M | $-379.52M | $-568.41M | $-603.84M | $-606.72M | $-1.39B | $-803.87M | $-1.48B | $-510.81M | $-709.30M | $-530.17M | $-893.20M | $-739.67M | $-625.86M | $-988.61M | $-755.88M | $-636.85M | $-1.11B | $-1.08B | $-471.15M |
Acquisitions Net | $- | $- | $- | $- | $-370.70M | $20.90M | $-279.03M | $- | $92.80M | $2.28B | $6.41M | $- | $616.54M | $-207.14M | $266.28M | $198.90M | $-940.47M | $-250.19M | $-486.91M | $187.31M |
Purchases of Investments | $- | $-40.67B | $-70.16B | $-35.04B | $-47.83B | $-33.24B | $-11.15B | $-38.27B | $-30.30B | $-19.68B | $-34.18B | $-26.99B | $-34.42B | $-12.94B | $-33.05B | $-20.85B | $-19.18B | $-31.27B | $-41.49B | $-22.71B |
Sales Maturities of Investments | $- | $40.67B | $56.05B | $48.54B | $38.17B | $34.27B | $23.57B | $22.48B | $34.64B | $21.40B | $33.56B | $17.00B | $19.02B | $34.78B | $26.60B | $14.34B | $21.84B | $24.85B | $21.79B | $20.53B |
Other Investing Activities | $20.94B | $-347.09M | $-171.88M | $-34.62M | $-90.64M | $-178.16M | $252.13M | $-118.34M | $-59.30M | $-28.48M | $-37.56M | $-156.98M | $-43.17M | $148.74M | $1.63B | $-53.13M | $-44.20M | $281.61M | $1.01B | $-9.75M |
Net Cash Used for Investing Activities | $20.63B | $-720.86M | $-14.85B | $12.86B | $-10.72B | $-515.91M | $11.59B | $-17.39B | $3.86B | $987.02M | $-1.18B | $-11.04B | $-15.57B | $21.16B | $-5.54B | $-7.13B | $1.04B | $-7.50B | $-20.26B | $-2.48B |
Debt Repayment | $457.00M | $-2.48B | $-11.70B | $5.64B | $8.00B | $-4.15B | $-16.03B | $3.88B | $-1.18B | $-3.62B | $4.33B | $5.32B | $1.39B | $-7.59B | $5.72B | $2.19B | $-1.91B | $1.10B | $2.31B | $2.54B |
Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $22.08B | $- |
Common Stock Repurchased | $-1.60B | $-3.99B | $-2.01B | $-1.23B | $-625.83M | $-296.50M | $-2.20B | $-2.12B | $-3.01B | $-1.96B | $-2.12B | $-1.24B | $-2.11B | $-6.31B | $-2.47B | $-2.03B | $- | $-2.22B | $- | $-2.56B |
Dividends Paid | $-1.98B | $-1.97B | $-2.26B | $-4.95B | $-2.26B | $-2.42B | $-2.12B | $-1.21B | $-2.02B | $-1.62B | $-1.40B | $-1.68B | $-940.54M | $-1.03B | $-1.28B | $-260.84M | $-861.21M | $-1.38B | $-1.12B | $-926.54M |
Other Financing Activities | $657.71M | $-8.39M | $50.57M | $42.21M | $28.01M | $11.57M | $22.23M | $24.35M | $23.62M | $14.30M | $33.20M | $-102.04M | $588.87M | $34.80M | $8.18M | $1.51B | $-3.44B | $4.82M | $-3.10B | $-3.01B |
Net Cash Used Provided by Financing Activities | $-2.46B | $-8.46B | $-15.92B | $-495.06M | $5.14B | $-6.85B | $-20.33B | $572.43M | $-6.18B | $-7.18B | $840.87M | $2.29B | $-1.07B | $-14.89B | $1.98B | $1.41B | $-6.38B | $-2.50B | $20.18B | $-1.39B |
Effect of Forex Changes on Cash | $113.79M | $-68.14M | $8.23M | $-43.14M | $-174.28M | $4.20M | $-47.88M | $15.50M | $53.24M | $3.47M | $74.90M | $-21.20M | $-80.67M | $14.44M | $-25.11M | $35.99M | $-67.23M | $-25.03M | $180.06M | $74.10M |
Net Change in Cash | $31.29B | $1.33B | $-24.23B | $21.88B | $6.05B | $2.48B | $-1.11B | $-10.80B | $6.74B | $1.29B | $6.36B | $-4.19B | $-8.35B | $12.57B | $1.13B | $-141.36M | $2.82B | $-4.62B | $4.87B | $2.70B |
Cash at End of Period | $54.47B | $23.18B | $21.86B | $46.09B | $24.21B | $18.16B | $15.68B | $16.78B | $27.59B | $20.84B | $19.55B | $13.19B | $17.38B | $25.73B | $13.16B | $12.03B | $12.17B | $9.35B | $13.97B | $9.10B |
Cash at Beginning of Period | $23.18B | $21.86B | $46.09B | $24.21B | $18.16B | $15.68B | $16.78B | $27.59B | $20.84B | $19.55B | $13.19B | $17.38B | $25.73B | $13.16B | $12.03B | $12.17B | $9.35B | $13.97B | $9.10B | $6.40B |
Operating Cash Flow | $13.01B | $10.58B | $6.53B | $9.56B | $11.81B | $9.84B | $7.68B | $6.00B | $9.01B | $7.49B | $6.63B | $4.58B | $8.37B | $6.29B | $4.72B | $5.54B | $8.21B | $5.40B | $4.77B | $6.50B |
Capital Expenditure | $-311.98M | $-601.77M | $-568.41M | $-603.84M | $-606.72M | $-1.39B | $-803.87M | $-1.48B | $-510.81M | $-709.30M | $-530.17M | $-893.20M | $-739.67M | $-625.86M | $-988.61M | $-755.88M | $-636.85M | $-1.11B | $-1.08B | $-471.15M |
Free Cash Flow | $12.70B | $9.97B | $5.96B | $8.95B | $11.20B | $8.46B | $6.87B | $4.52B | $8.50B | $6.78B | $6.10B | $3.69B | $7.63B | $5.67B | $3.73B | $4.79B | $7.58B | $4.29B | $3.70B | $6.03B |
NetEase Dividends
Explore NetEase's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
1.86%
Dividend Payout Ratio
27.24%
Dividend Paid & Capex Coverage Ratio
2.87x
NetEase Dividend History
Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
---|---|---|---|---|---|
$1.21775 | $1.21775 | March 06, 2025 | March 06, 2025 | March 20, 2025 | February 20, 2025 |
$0.4325 | $0.4325 | November 29, 2024 | November 29, 2024 | December 13, 2024 | November 14, 2024 |
$0.435 | $0.435 | September 06, 2024 | September 06, 2024 | September 20, 2024 | |
$0.495 | $0.495 | June 06, 2024 | June 06, 2024 | June 21, 2024 | May 23, 2024 |
$1.07735 | $1.07735 | March 13, 2024 | March 14, 2024 | March 28, 2024 | February 29, 2024 |
$0.495 | $0.495 | November 30, 2023 | December 01, 2023 | December 15, 2023 | November 16, 2023 |
$0.525 | $0.525 | September 07, 2023 | September 08, 2023 | September 22, 2023 | August 24, 2023 |
$0.465 | $0.465 | June 08, 2023 | June 09, 2023 | June 26, 2023 | May 25, 2023 |
$0.2675 | $0.2675 | March 08, 2023 | March 09, 2023 | March 24, 2023 | February 23, 2023 |
$0.433 | $0.435 | December 01, 2022 | December 02, 2022 | December 16, 2022 | November 17, 2022 |
$0.36 | $0.3575 | August 31, 2022 | September 01, 2022 | September 16, 2022 | August 18, 2022 |
$0.319 | $0.322 | June 07, 2022 | June 08, 2022 | June 23, 2022 | May 24, 2022 |
$0.403 | $0.405 | March 10, 2022 | March 11, 2022 | March 25, 2022 | February 24, 2022 |
$0.222 | $0.225 | November 30, 2021 | December 01, 2021 | December 16, 2021 | November 19, 2021 |
$0.237 | $0.2375 | September 13, 2021 | September 14, 2021 | September 30, 2021 | September 02, 2021 |
$0.2975 | $0.2975 | June 02, 2021 | June 03, 2021 | June 18, 2021 | May 18, 2021 |
$0.06 | $0.0575 | March 11, 2021 | March 12, 2021 | March 26, 2021 | February 25, 2021 |
$0.195 | $0.195 | December 03, 2020 | December 04, 2020 | December 18, 2020 | November 19, 2020 |
$1.485 | $0.2965 | August 26, 2020 | August 27, 2020 | September 18, 2020 | January 01, 1900 |
$1.16 | $0.2315 | June 11, 2020 | June 12, 2020 | June 26, 2020 | May 21, 2020 |
NetEase News
Read the latest news about NetEase, including recent articles, headlines, and updates.
NetEase, Inc. (NTES) Q4 2024 Earnings Call Transcript
NetEase, Inc. (NASDAQ:NTES ) Q4 2024 Earnings Conference Call February 20, 2025 7:00 AM ET Company Participants Brandi Piacente - Investor Relations Bill Pang - Vice President, Corporate Development William Ding - Chief Executive Officer Conference Call Participants Yang Bai - CICC Yang Liu - Morgan Stanley Ritchie Sun - HSBC Alicia Yap - Citigroup. Lincoln Kong - Goldman Sachs Felix Liu - UBS Operator Good day and welcome to the NetEase 2024 Fourth Quarter and Fiscal Year 2024 Earnings Conference Call.

NetEase Cloud Music Inc. Reports Fiscal Year 2024 Financial Results
HANGZHOU, China , Feb. 20, 2025 /PRNewswire/ -- NetEase Cloud Music Inc. (HKEX: 9899 or the "Company"), a leading interactive music streaming service provider in China, today announced its financial results for the fiscal year 2024 ended December 31, 2024. Summary of Key Financial Metrics (RMB in thousands, unless otherwise stated) Year ended 31 December 2024 2023 (Unaudited) (Unaudited) Revenue 7,950,146 7,866,992 Gross profit 2,681,512 2,102,670 Profit before income tax 1,570,255 767,679 Profit for the period 1,565,369 734,182 Non-IFRS measure: Adjusted net profit (1) 1,700,078 818,500 Fiscal Year 2024 K ey Financial Highlights Revenue was RMB8.0 billion, an increase of 1.1% compared with RMB7.9 billion in 2023.

Youdao Reports Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results
HANGZHOU, China , Feb. 20, 2025 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Total net revenues were RMB1.3 billion (US$183.6 million), representing a 9.5% decrease from the same period in 2023.

NetEase Announces Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results
HANGZHOU, China , Feb. 20, 2025 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter 202 4 Financial Highlights Net revenues were RMB26.7 billion (US$3.7 billion), a decrease of 1.4% compared with the same quarter of 2023.

Beyond DeepSeek: 4 Chinese ETFs for AI & Tech Exposure
As Chinese artificial intelligence company DeepSeek continues to challenge American chip manufacturer NVIDIA for chip dominance, investors are looking to China for their next tech investments. Billionaire investor and founder of Appaloosa Management recently increased his firm's holdings in companies like Alibaba Group NYSE: BABA while drastically decreasing holdings in American companies like Meta Platforms NASDAQ: META.

NetEase Cloud Music Inc. to Report Fiscal Year 2024 Financial Results on February 20, 2025
HANGZHOU, China , Feb. 6, 2025 /PRNewswire/ -- NetEase Cloud Music Inc. (HKEX: 9899 or the "Company"), a leading interactive music streaming service provider in China, today announced that it will report its financial results for the fiscal year of 2024 ended December 31, 2024 on Thursday, February 20, 2025, after the Hong Kong market closes. The Company's management will host an earnings conference call at 7:00 p.m.

NetEase to Report Fourth Quarter and Fiscal Year 2024 Financial Results on February 20
HANGZHOU, China , Feb. 6, 2025 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced that it will report financial results for the fourth quarter and fiscal year 2024 on Thursday, February 20, 2025, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 7:00 a.m.

Youdao to Report Fourth Quarter and Fiscal Year 2024 Financial Results on February 20
HANGZHOU, China , Feb. 6, 2025 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced that it will report its fourth quarter and fiscal year 2024 financial results on Thursday, February 20, 2025, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 5:00 a.m.

Cash Flow Focus: Thermo Fisher, Energy Transfer, and NetEase
Investors focused on top-and-bottom-line performance—important as they are—do so at the risk of neglecting another crucial metric for companies across industries: cash flow. Put simply, without adequate cash flow, it becomes difficult for any company to sustain its operations, let alone continue to grow its business through expansion, innovation, or acquisitions.

Youdao Dictionary Pen Unveils at CES 2025, Showcasing Cutting-Edge AI Innovations and Applications in Education
LAS VEGAS , Jan. 10, 2025 /PRNewswire/ -- Youdao, a leading intelligent learning company in China, is showcasing its AI-equipped smart device, the Youdao Dictionary Pen X7 series, at the International Consumer Electronics Show (CES 2025).This event showcases the strength of 'Chinese AI' in the field of educational technology to a global audience. The Youdao booth attracted significant attention at the exhibition.

NetEase: The Chinese Stock In The Right Industry At The Right Price
The developer of newly released Marvel Rivals is trading at a cheap valuation despite the successful launch of their popular title in December. NetEase is trading at an 8.8x TTM free cash flow to enterprise value. As of Q3 2024, NetEase had ~$18.6 billion in cash and short-term investments with less than ~$1.6 billion in debt.

Netease Cloud Music Expands Galaxy Album Writing Camp's Reach with Global Talent
HANGZHOU, China , Dec. 11, 2024 /PRNewswire/ -- Netease Cloud Music's (NCM) Galaxy Album Writing Camp, a premier songwriting initiative, established to support domestic music artists, has expanded to embrace international music artists and songwriters aiming to enhance cross-market collaborations and cultural exchange. Into its 10th season, the Galaxy Album Writing Camp brought together talented songwriters and producers from around the world for intensive writing sessions held at the China Musical Techno Base in Xiaoshan, Hangzhou from Dec 2, 2024.

NetEase (NTES) Crossed Above the 200-Day Moving Average: What That Means for Investors
From a technical perspective, NetEase (NTES) is looking like an interesting pick, as it just reached a key level of support. NTES recently overtook the 200-day moving average, and this suggests a long-term bullish trend.

NetEase: Solid Gaming Leadership With Clear Growth Runway And Attractive Valuation
NetEase's strong game development, operational excellence, and growth opportunities make it a compelling investment despite recent revenue fluctuations. Successful Blizzard partnership revival and strong performance in self-developed games highlight NetEase's resilience and growth potential. NetEase's technical expertise, community-building, and AI integration in games showcase its market position and operational excellence.

NetEase, Inc. (NTES) Q3 2024 Earnings Call Transcript
NetEase, Inc. (NASDAQ:NTES ) Q3 2024 Earnings Conference Call November 14, 2024 7:00 AM ET Company Participants Brandi Piacente - Investor Relations William Ding - Founder, Director and Chief Executive Officer Bill Pang - Vice President of Corporate Development Conference Call Participants Lincoln Kong - Goldman Sachs Xueqing Zhang - CICC Ritchie Sun - HSBC Felix Liu - UBS Alicia Yap - Citigroup Operator Good day, and welcome to the NetEase 2024 Third Quarter Earnings Conference Call. Today's conference is being recorded.

Youdao Reports Third Quarter 2024 Unaudited Financial Results
HANGZHOU, China , Nov. 14, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Total net revenues were RMB1.6 billion (US$224.1 million), representing a 2.2% increase from the same period in 2023.

Youdao, Inc. to Hold Annual General Meeting on December 12, 2024
BEIJING , Nov. 14, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced that it will hold its annual general meeting of shareholders (the "AGM") at its offices at Building No.7, West Zone, Zhongguancun Software Park (Phase II), No.10 Xibeiwang East Road, Haidian District, Beijing, People's Republic of China on December 12, 2024 at 3:00 p.m. – 5:00 p.m.

NetEase Announces Third Quarter 2024 Unaudited Financial Results
HANGZHOU, China , Nov. 14, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 202 4 Financial Highlights Net revenues were RMB26.2 billion (US$3.7 billion), a decrease of 3.9% compared with the same quarter of 2023.

NetEase: Robust IP, Strong R&D, And An Attractive Price
NetEase has a strong history of developing successful games and maintaining profitability, with a focus on mobile-first gaming and robust intellectual property. The company demonstrates impressive net profit growth and competitive advantage through significant R&D investment and high insider ownership. Despite regulatory challenges in China, NetEase remains undervalued compared to competitors, with a forward PE of 11.56.

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