NetEase, Inc. (NTES)
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.
- Ticker
- NTES
- Exchange
- Nasdaq
- Sector
- Communication Services
- Industry
- Electronic Gaming & Multimedia
- 52-week range
- $106.06 - $149.11
Valuation
- Share price
- $129.45 (close of Nov 6, 2026)
- P/E (TTM)
- 16.95x
- Price to book
- 3.22x
- Price to free cash flow
- 10.90x
Price performance
| Period | Change |
|---|---|
| 1 day | +2.28% |
| 5 days | +13.91% |
| 1 month | +8.72% |
| 3 months | -0.70% |
| 6 months | +9.36% |
| Year to date | -5.94% |
| 1 year | -7.05% |
| 3 years | +16.04% |
| 5 years | +27.52% |
| 10 years | +165.87% |
| All time | +21,252.58% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 0.62%
- Shares short
- 2.17M
- Days to cover
- 3.59
- Change since prior report
- -27.37%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed NTES trades
Lisa McClain · Josh Gottheimer · Sheri Biggs
Super investors holding NTES
Dodge & Cox (Dodge & Cox Funds) · Christopher Davis (Davis Selected Advisers) · Sarah Ketterer (Causeway Capital Management LLC)
Profitability and growth
- Return on equity
- 21.09%
- Return on invested capital
- 17.35%
- Return on assets
- 15.72%
- Return on capital employed
- 21.20%
- Gross margin
- 64.29%
- Net margin
- 30.90%
- EBITDA margin
- 33.81%
- Revenue growth
- 6.96%
- Net income growth
- 15.01%
- Free cash flow growth
- 29.36%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 9.18%
- Current ratio
- 3.45x
- Net debt to EBITDA
- -1.66x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Shares outstanding
- 637.29M
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 64.29% | 30.90% | 21.09% | 17.35% |
| 2024-12-31 | 62.50% | 28.73% | 21.25% | 15.54% |
| 2023-12-31 | 60.95% | 28.37% | 22.94% | 15.50% |
| 2022-12-31 | 54.68% | 20.56% | 18.25% | 10.64% |
| 2021-12-31 | 53.62% | 19.38% | 17.10% | 12.09% |
| 2020-12-31 | 52.92% | 16.74% | 14.86% | 13.72% |
| 2019-12-31 | 53.27% | 36.18% | 34.24% | 17.25% |
| 2018-12-31 | 53.43% | 12.66% | 14.07% | 16.33% |
| 2017-12-31 | 56.36% | 24.41% | 23.36% | 23.34% |
| 2016-12-31 | 56.74% | 30.40% | 30.17% | 27.37% |
Investor relations
Next earnings report
- Next confirmed report
- Nov 19, 2026
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-08-20 | Jun 2026 | - |
| 2026-05-21 | Mar 2026 | - |
| 2026-02-11 | Dec 2025 | - |
| 2025-11-20 | Sep 2025 | - |
| 2025-08-14 | Jun 2025 | - |
| 2025-05-15 | Mar 2025 | - |
| 2025-02-20 | Dec 2024 | - |
| 2024-11-14 | Sep 2024 | - |
Filings and sources
- Company website
- ir.netease.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
Take-Two Interactive Software Inc (TTWO) · Roblox Corp (RBLX) · Alphabet Inc. (GOOGL) · Alphabet Inc. (GOOG) · Meta Platforms, Inc. (META) · AMC Entertainment Holdings, Inc. (AMC) · Nebius Group N.V. (NBIS) · Sphere Entertainment Co. (SPHR)
All Communication Services companies
Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades