NetEase/$NTES
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Capital at risk
About NetEase
Founded in the late 1990s as an internet portal, NetEase has evolved into China's second-largest online gaming company. Its early success was anchored by the massively multiplayer online role-playing game Fantasy Westward Journey, which laid the foundation for a durable franchise strategy. Over the past decade, the company has expanded its portfolio with successful titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which continue to maintain sizable and engaged player bases.In addition to its in-house development capabilities, NetEase partners with global IP holders such as Microsoft and Marvel to develop and publish titles based on established franchises, including World of Warcraft, Diablo Immortal, and Marvel Rivals, further strengthening its global presence.
- Ticker
- $NTES
- Sector
- Consumer Discretionary
- Primary listing
- NASDAQ
- Employees
- 25,382
- Headquarters
- Hangzhou, China
- Website
- ir.netease.com
NetEase Metrics
BasicAdvanced
$80B
16.58
$7.55
0.79
$2.92
2.33%
Price and volume
Market cap
$80B
Beta
0.79
52-week high
$153.54
52-week low
$106.06
Average daily volume
598K
Dividend rate
$2.92
Financial strength
Current ratio
3.453
Quick ratio
3.257
Total debt to equity
0.073
Dividend payout ratio (TTM)
41.38%
Interest coverage (TTM)
122.84%
Profitability
EBITDA (TTM)
32,409.019
Gross margin (TTM)
67.15%
Net profit margin (TTM)
27.88%
Operating margin (TTM)
35.23%
Effective tax rate (TTM)
18.54%
Revenue per employee (TTM)
$3,436,530
Management effectiveness
Return on assets (TTM)
11.65%
Return on equity (TTM)
20.37%
Valuation
Price to earnings (TTM)
16.581
Price to revenue (TTM)
4.58
Price to book
3.74
Price to tangible book (TTM)
3.83
Price to free cash flow (TTM)
10.682
Free cash flow yield (TTM)
9.36%
Free cash flow per share (TTM)
11.712
Dividend yield (TTM)
2.33%
Growth
Revenue change (TTM)
6.31%
Earnings per share change (TTM)
-5.32%
3-year revenue growth (CAGR)
5.66%
10-year revenue growth (CAGR)
14.00%
3-year earnings per share growth (CAGR)
8.70%
10-year earnings per share growth (CAGR)
13.71%
3-year dividend per share growth (CAGR)
18.07%
10-year dividend per share growth (CAGR)
18.78%
What the Analysts think about NetEase
Analyst ratings (Buy, Hold, Sell) for NetEase stock.
Analyst projections of the future price of NetEase stock.
Bulls say / Bears say
Games revenue rose 9.7% year on year in Q2 and 8.1% in the first half of 2026, led by self-developed titles including Fantasy Westward Journey and Where Winds Meet. That shows the core business is still growing. (SEC)
Gaming gross margin rose to 76.1% in Q2 from 70.2% a year earlier, helped by lower platform revenue-sharing costs. If this leaner distribution mix holds, profit could grow faster than sales. (SEC)
NetEase is extending its reach beyond China: Where Winds Meet expanded internationally, while Marvel Rivals’ seasonal updates helped it rank among Steam’s top sellers in several regions. Success overseas could broaden the audience for its games. (The Motley Fool)
Q2 net income attributable to shareholders fell 18.8% year on year, despite higher revenue. Investment losses contributed to the shortfall, showing that reported earnings can be more volatile than the underlying sales trend. (SEC, MarketScreener)
Games revenue fell 2.7% quarter on quarter, as some self-developed and licensed titles weakened. Sea of Remnants also had only moderate early demand, highlighting the risk that new releases may not quickly replace slowing games. (SEC, MarketScreener)
Other businesses offered little offset in Q2: Cloud Music revenue was almost flat year on year, while innovative businesses and others declined 3.5%. This leaves the group heavily reliant on gaming for growth. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 14 Oct 2026.
NetEase Financial Performance
Revenues and expenses
NetEase Earnings Performance
Company profitability
Upcoming events
No upcoming events
NetEase News
AllArticlesVideos
Funds containing NetEase
Fund name | Fund size | $NTES weighting |
|---|---|---|
VanEck Video Gaming and eSports€ESP0 | $590M | 7.25% |
VanEck Video Gaming and eSports$ESPO | $613M | 7.25% |
VanEck Video Gaming and eSports£ESGB | $590M | 7.25% |
SPDR MSCI EM Asia€SPYA | $1.6B | 0.46% |
SPDR MSCI EM Asia$EMAD | $1.6B | 0.46% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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