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Company price
121.26 USD 5.03 ( 4.33%)
Last update at 2026-11-04T21:20:00Z
VOLUME
983152
Market Cap
76503.49M
P/E
15.72

Momentum Score

…

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; NetEase Cloud Music; and Innovative Businesses and Others segments. It develops and operates mobile and PC games; and offers games licensed from other developers. The company also provides live streaming service, and other related or ancillary value-added services related to games, such as the sale of game-themed merchandise. In addition, it offers digital content services with interactive learning features, including Youdao Lingshi and Youdao Literature; STEAM courses consisting computer coding courses and other STEAM courses; and adult courses, such as China University massive open online course. Further, the company provides Youdao Dictionary, an online language tool; Confucius, a large language model for the education sector; Hi Echo, an AI-driven virtual English-speaking tutor; Mr. P AI Tutor, a conversation-based tool; Youdao Desktop Translation, a desktop dictionary tool; U-Dictionary, an online dictionary and translation app; iRecord, an audio transcription tool; LectMate, an interpretation software for study-abroad lecture scenarios; iArch, an AI home design software; Baby Genius, an AI baby generator; and One Translate Translator, a translation tool for travelers. It also offers online marketing services consisting of performance-based advertising services, and global marketing and promotion services through banners, text links, videos, logos, buttons, and rich media. Additionally, the company develops and offers smart devices, including Youdao Dictionary Pen, Youdao Listening Pod, and Youdao Smart Learning Pad. NetEase, Inc. was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. The company was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.

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Day Price Range
118.36
Low
122.15
High
52 Week Price Range
105.01
Low
152.74
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

NetEase is a Chinese internet company that develops online games, operates digital-content platforms (music, education) and provides cloud and advertising services. Long-term growth may be driven by new game releases and overseas publishing, rising subscriptions and ads on its digital platforms, and expansion into cloud and AI services. Investors may find it attractive for its large user base and integrated content ecosystem.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
116.23
Dividend Yield
2.45%
Revenue TTM
116603.43M
Revenue Per Share
36.48
Gross Profit TTM
78304.38M
Debt / Equity
0.04
ROE
20.37%
Net Debt
-45131.55M
ROCE
24.14%
Diluted EPS TTM
7.60

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 40830.47M 35717.75M 34056.93M 24250.26M 21104.46M
Minority interest -1037.98M -558.74M 296.44M 494.31M -119.35M
Net income 33759.80M 29697.61M 29416.55M 20337.60M 16856.84M
Selling general administrative 4228.19M 4550.62M 4899.88M 4695.80M 4263.55M
Selling and marketing expenses 14619.70M 14147.66M 13969.46M 13402.72M 12214.19M
Gross profit 72401.87M 65807.08M 63063.39M 52766.13M 46970.80M
Reconciled depreciation 2247.43M 2417.89M 3164.63M 2858.21M 3275.73M
Ebit 40830.47M 35717.75M 34056.93M 19628.59M 16417.07M
Ebitda 43067.95M 38135.65M 37112.19M 20861.62M 17235.56M
Depreciation and amortization 2237.48M 2417.89M 3055.26M 1233.03M 818.49M
Operating income 35834.87M 29583.99M 27709.14M 19628.59M 16417.07M
Other operating expenses 76790.94M 75711.25M 75759.01M 76867.22M 71188.96M
Interest expense - - - 2149.67M 7025.28M
Tax provision 6032.69M 5461.41M 4597.62M 5031.84M 4128.27M
Interest income 3953.49M 4920.91M 3488.12M 2149.67M 1519.71M
Net interest income 3953.49M 4920.91M 3488.12M 2149.67M 1519.71M
Income tax expense 6032.69M 5461.41M 4699.70M 5031.84M 4128.27M
Total revenue 112625.81M 105295.24M 103468.16M 96495.81M 87606.03M
Total operating expenses 36567.00M 36223.09M 35354.25M 33137.53M 30553.73M
Cost of revenue 40223.94M 39488.15M 40404.76M 43729.68M 40635.22M
Total other income expense net 4995.60M 6133.77M 6347.78M 4621.67M 4687.39M
Discontinued operations - - - 624.86M 624.86M
Net income from continuing ops 34797.78M 30256.35M 26490.59M 19218.43M 16976.19M
Net income applicable to common shares - - - 20337.60M 16856.84M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 221556.05M 195991.55M 185924.98M 172760.98M 153643.92M
Intangible assets 4047.36M 4172.47M 5959.75M 4121.77M 4108.09M
Other current assets 7663.22M 9503.27M 132.27M 5448.28M 126.39M
Total liab 56346.91M 53497.41M 57840.90M 63887.50M 54365.29M
Total stockholder equity 160398.19M 142494.14M 124285.78M 104731.32M 95328.08M
Other current liab 24842.64M 37142.06M 16475.17M 18927.11M 18031.21M
Common stock 160296.12M 138685.61M 2.71M 2.71M 2.79M
Capital stock 2.63M 2.63M 2.71M 2.71M 2.79M
Retained earnings 149755.00M 130333.40M 112214.58M 91074.68M 77494.48M
Other liab - - - 3403.69M 1345.87M
Good will 1855.32M 1855.29M 1855.39M 2166.49M 595.28M
Other assets - - - 27719.85M 25157.88M
Cash 51520.04M 51383.31M 21428.90M 24889.00M 14498.16M
Total current liabilities 52402.30M 49667.66M 53842.48M 56828.85M 50501.33M
Current deferred revenue 20527.60M -171.61M 16986.64M 12518.89M 12132.74M
Net debt -45131.55M -39150.26M -945.42M 2641.67M 6129.30M
Short term debt 6388.48M 11805.05M 19499.66M 23875.70M 19352.31M
Short long term debt 6384.42M 11805.05M 19240.16M 23875.70M 19352.31M
Short long term debt total 6388.48M 12233.05M 20483.48M 27530.67M 20627.45M
Other stockholder equity 160398.19M 138682.98M 9910.29M 13222.15M 17413.75M
Property plant equipment - - - 6342.33M 5433.86M
Total current assets 180730.49M 153324.66M 142692.58M 131603.20M 113120.25M
Long term investments 21457.88M 23231.36M 22833.19M 2973.84M 5823.84M
Net tangible assets - - - 100609.55M 91219.99M
Short term investments 115516.39M 86197.50M 105292.09M 92570.35M 83036.39M
Net receivables 5341.22M 5669.03M 9234.10M 5002.87M 5507.99M
Long term debt - 428.00M 428.00M 3654.96M 1275.14M
Inventory 689.62M 571.55M 695.37M 993.64M 964.73M
Accounts payable 643.57M 720.55M 881.02M 1507.14M 985.06M
Accumulated other comprehensive income - 1006.81M 2158.20M 431.79M 417.06M
Non currrent assets other 22513.49M 26949.33M 2199.66M 26239.06M 23859.93M
Non current assets total 40825.56M 42666.89M 43232.39M 41157.79M 40523.67M
Capital lease obligations 345.32M 584.21M 815.32M 931.69M 1066.53M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -27112.69M 17916.40M -2454.59M -7369.73M -3771.16M
Change to liabilities - - - 833.06M 1196.00M
Total cashflows from investing activities -32176.34M 17916.40M -17043.43M -7369.73M -7078.29M
Net borrowings -5798.58M -7476.26M -8305.02M 4845.01M 1708.24M
Total cash from financing activities -19711.51M -27335.70M -21467.05M -10237.70M -12585.57M
Change to operating activities - - - 3055.19M 3267.10M
Net income 32840.02M 30256.35M 29357.22M 19218.43M 16976.19M
Change in cash -661.34M 30268.26M -3381.67M 10212.21M 5207.51M
Begin period cash flow 52181.38M 24206.66M 27588.33M 17376.12M 12168.60M
End period cash flow 51520.04M 54474.92M 24206.66M 27588.33M 17376.12M
Total cash from operating activities 49357.40M 39676.81M 35331.28M 27709.23M 24926.73M
Depreciation 2186.20M 2417.89M 3055.26M 2858.21M 3275.73M
Other cashflows from investing activities 38.56M -1731.34M -413.63M -323.78M -268.65M
Dividends paid 13449.00M 11165.34M 8013.90M -6723.67M -3508.38M
Change to inventory -114.43M 123.78M 296.76M -27.61M -343.59M
Change to account receivables 256.88M 716.38M -1470.37M 554.34M -1186.59M
Sale purchase of stock -621.92M -8830.11M -5234.29M -8328.12M -12924.33M
Other cashflows from financing activities - 136.01M 86.16M 5087.73M 2138.90M
Change to netincome - - - 1016.06M 1606.17M
Capital expenditures 1036.35M 2206.39M 4275.88M 2643.48M 3110.01M
Change in working capital 8483.87M 3651.62M 375.88M 3497.37M 3187.99M
Stock based compensation 3647.66M 3882.94M 3242.81M 3174.16M 3041.49M
Other non cash items 7067.27M -852.71M -831.34M -1528.60M -1962.62M
Free cash flow 48321.05M 37470.43M 31055.40M 25065.75M 21816.72M

Peer Comparison*

Sector: Communication Services Industry: Electronic Gaming & Multimedia

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
NTES
NetEase Inc
5.03
4.33%
121.26 15.72 11.25 0.66 3.03 2.88 7.76
NETTF
NetEase Inc
-
-%
22.95 14.36 10.27 0.59 2.77 2.88 7.76
NTDOF
Nintendo Co. Ltd
3.54
6.88%
55.00 22.94 18.90 0.03 3.27 3.16 12.52
NTDOY
Nintendo Co ADR
0.87
6.75%
13.76 22.48 18.45 0.03 3.18 3.16 12.52
TTWO
Take-Two Interactive Software Inc
13.84
7.10%
208.83 - 30.58 5.93 11.55 6.40 34.22

Profile*

NetEase Inc

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; NetEase Cloud Music; and Innovative Businesses and Others segments. It develops and operates mobile and PC games; and offers games licensed from other developers. The company also provides live streaming service, and other related or ancillary value-added services related to games, such as the sale of game-themed merchandise. In addition, it offers digital content services with interactive learning features, including Youdao Lingshi and Youdao Literature; STEAM courses consisting computer coding courses and other STEAM courses; and adult courses, such as China University massive open online course. Further, the company provides Youdao Dictionary, an online language tool; Confucius, a large language model for the education sector; Hi Echo, an AI-driven virtual English-speaking tutor; Mr. P AI Tutor, a conversation-based tool; Youdao Desktop Translation, a desktop dictionary tool; U-Dictionary, an online dictionary and translation app; iRecord, an audio transcription tool; LectMate, an interpretation software for study-abroad lecture scenarios; iArch, an AI home design software; Baby Genius, an AI baby generator; and One Translate Translator, a translation tool for travelers. It also offers online marketing services consisting of performance-based advertising services, and global marketing and promotion services through banners, text links, videos, logos, buttons, and rich media. Additionally, the company develops and offers smart devices, including Youdao Dictionary Pen, Youdao Listening Pod, and Youdao Smart Learning Pad. NetEase, Inc. was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. The company was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.

NetEase Building, Hangzhou, China, 310052

86 57 1898 53378

25382

Name Title Year Born
Mr. Lei Ding Founder, CEO & Director 1972
Mr. Zhaoxuan Yang Chief Financial Officer 1984
Ms. Margaret Shi IR Director NA
Mr. Feng Zhou Sr. VP of Search Operations 1978
Mr. Bill Pang Vice President of Corporate Development NA
Mr. Zhaoxuan Yang Consultant 1984
Ryutaro Ichimura President & Representative Director of PinCool Inc. NA
Ms. Aileen Bin Mo Vice President of Finance 1980
Mr. Paul W. Boltz Jr. General Counsel 1970
Mr. Yingfeng Ding Consultant 1972

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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