NetEase generated US$3.94 billion in revenue in Q4 2025, up 3.0% year over year. Gross profit increased while net income declined versus the prior-year period. The games segment remained the primary growth driver.
Revenue increased 3.0% year over year to US$3.94 billion.
Games and related services revenue reached US$3.14 billion.
Net income attributable to shareholders was US$892.6 million.
Non-GAAP net income per ADS was US$1.57.
The company did not provide specific quantitative guidance for the next quarter but highlighted continued investment in AI integration and global expansion of its game portfolio.
Visualization of income flow from segment revenue to net income
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