NetEase-S (09999) announced its financial results for the first quarter of 2026. Net revenues reached RMB 30.6 billion (USD 4.4 billion), representing a 6.1% year-over-year increase. Gross profit was RMB 21.2 billion (USD 3.1 billion), up 14.8% compared to the same period last year. Net profit attributable to the company's shareholders amounted to RMB 10.7 billion (USD 1.5 billion), a year-on-year increase of 3.62%. Basic earnings per share were RMB 3.34, and the quarterly dividend was declared at USD 0.144 per share.

Net revenues from the games and related value-added services segment for Q1 2026 were RMB 25.7 billion (USD 3.7 billion), compared to RMB 22.0 billion in the previous quarter and RMB 24.0 billion in the year-ago quarter. Online game revenues, which accounted for approximately 97.5% of this segment's net revenues this quarter, increased sequentially and year-over-year, primarily driven by higher net revenues from self-developed games such as the *Fantasy Westward Journey* series and *Where Winds Meet*.

Net revenues from the Youdao business were RMB 1.3 billion, a 3.8% increase year-over-year. Net revenues from the NetEase Cloud Music business reached RMB 2.0 billion, rising 6.6% compared to the same period last year.

"We delivered another solid quarter in Q1 2026, supported by our excellent portfolio of games and steady progress in new game development," said Mr. William Ding, Chief Executive Officer and Director of NetEase. "The new titles and content we launched globally have demonstrated exceptional cross-market appeal, providing strong support for the continued execution of our globalization strategy."

"Looking ahead, we remain committed to enhancing our technological capabilities and focusing on content and R&D innovation. By integrating cutting-edge technology with our operational strengths, we aim to create premium content and rich experiences that exceed player expectations, reaching a broader global audience," Mr. Ding concluded.