NetEase reported RMB 27.9 billion in second-quarter 2025 net revenues, up 9.4%

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

NetEase reported on Aug 14, 2025 that its net revenues for the second quarter ended June 30, 2025 were RMB 27.9 billion, up 9.4% on the same quarter of 2024, when they were RMB 25.5 billion. The quarter’s revenues were down from RMB 28.8 billion in the preceding quarter. The results are unaudited. RMB is the renminbi, China’s currency; the dollar amounts NetEase gives, US$3.9 billion for net revenues, are a convenience for the reader, and its percentages are calculated on the RMB figures. NetEase filed the press release as an exhibit to a Form 6-K, the report a foreign private issuer, the SEC’s term for a qualifying non-US company, files with the US Securities and Exchange Commission.1^,2^,3^,4^,5^,6^,7^,8

Games and related value-added services accounted for RMB 22.8 billion of the quarter’s net revenues, up 13.7% from RMB 20.1 billion a year earlier and down from RMB 24.0 billion in the preceding quarter. Online games were about 97.1% of that segment’s revenues. NetEase said the increase on the year came from higher revenues from Identity V, its newly launched games Where Winds Meet and Marvel Rivals, and certain licensed games, and that online games revenue fell from the preceding quarter because of certain self-developed and licensed games. NetEase is both developer and publisher of Marvel Rivals, which it listed among its recent highlights as No. 2 on Steam’s global top-sellers chart, with a Summer Party Event unveiled on July 17. Chief executive William Ding said product innovation, disciplined execution and deep community engagement were at the core of the company’s expansion.9^,10^,11^,12^,13^,14^,15^,16^,17

Net income attributable to NetEase’s shareholders, on a US GAAP basis, was RMB 8.6 billion, against RMB 6.8 billion a year earlier and RMB 10.3 billion in the preceding quarter. NetEase’s own non-GAAP measure, which excludes share-based compensation expenses, put it at RMB 9.5 billion, against RMB 7.8 billion a year earlier. Gross profit was RMB 18.1 billion, up 12.5% from RMB 16.0 billion a year earlier, and total operating expenses were RMB 9.0 billion, down 0.6% from a year earlier. Operating profit was RMB 9.1 billion against RMB 7.0 billion a year earlier.18^,19^,20^,21^,22^,23^,24^,25^,26

NetEase’s board approved a dividend for the quarter of US$0.1140 per share, or US$0.5700 per ADS (American depositary share), for holders as of Aug 28, 2025. Under a share repurchase program of up to US$5.0 billion that NetEase announced on Nov 17, 2022, it had bought back about 22.1 million ADSs by June 30, 2025, at a total cost of US$2.0 billion.27^,28^,29

This account rests on NetEase’s press release as filed on Aug 14, 2025; the company’s other filings are not read here.1^,8