

Founded in 2007, NetEase is now an $80 billion (by market cap) gaming and content ecosystem employing more than 25,000 people. The company has increased its dividend for five consecutive years. That's in USD terms on the ordinary shares, although the actual ADR dividends can vary quite a bit from quarter to quarter. NetEase has a stellar financial position. The company has essentially no long-term debt. Moreover, it ended FY 2025 with $23.4 billion in net cash.

NetEase, Inc. reported Q2 revenues of $4.4B, up 8% y/y, but non-GAAP EPADS missed by $0.53 due to $435M in investment losses. Gross margins improved 550bps y/y and operating expenses declined 35% over six months, enhancing operating leverage and cash flow. NTES maintains a strong balance sheet with $3.3B in cash, $15B in time deposits, minimal debt, and robust free cash flow generation.

NetEase, Inc. (NTES) Q2 2026 Earnings Call Transcript

NetEase NASDAQ: NTES reported second-quarter revenue of RMB 30.1 billion ($4.4 billion), supported by continued growth in its games business, while management highlighted live-service updates, global expansion and artificial intelligence investments as key parts of its operating strategy.

HANGZHOU, China, Aug. 20, 2026 /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 first half of 2026 ended June 30, 2026. Summary of Key Financial Metrics (RMB in thousands, unless otherwise stated) Six months ended 30 June 2026 2025 (Unaudited) (Unaudited) Revenue 3,958,706 3,827,117 Gross profit 1,474,409 1,392,485 Operating profit 746,232 844,506 Profit before income tax 930,894 1,068,060 Profit for the period 809,236 1,882,142(1 ) Non-IFRS Measure (2 ) : Adjusted operating profit 796,652 905,360 Adjusted net profit 859,656 1,946,353(1 ) Note: (1) During the period ended 30 June 2025, the Group recognised a deferred income tax credit of RMB849.4 million which primarily arose from the recognition of deferred tax assets in respect of cumulative tax losses incurred by a wholly-owned subsidiary.

HANGZHOU, China, Aug. 20, 2026 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an AI solutions provider specializing in learning and advertising, today announced its unaudited financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Financial Highlights Total net revenues were RMB1.5 billion (US$216.2 million), representing a 3.5% increase from the same period in 2025.

HONG KONG, Aug. 20, 2026 /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 second quarter ended June 30, 2026. In this results announcement, "we", "us", and "our" refer to the Company and where the context otherwise requires, the Group.

So far this year, NetEase (NASDAQ:NTES | NTES Price Prediction) has lost more than 14%.