NetEase publishes 2025 annual report

Netease Inc Sponsored ADR

Netease Inc Sponsored ADR

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  • NetEase published its 2025 annual report covering year ended Dec. 31, 2025, showing continued growth in revenue and profit.
  • Games and related value-added services remained core earnings driver, with RMB 92.1 billion in segment revenue.
  • Audit section flagged key judgment areas tied to in-game virtual item revenue recognition, reflecting ongoing reliance on player-behavior estimates.
  • Balance sheet showed larger liquidity position, led by higher time deposits and short-term investments.


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