NetEase has released its financial results for the second quarter of 2026, showcasing a robust performance across its diverse business segments. The company achieved a quarterly net revenue of RMB 30.1 billion, with operating profit reaching RMB 12.1 billion. Research and development investment totaled RMB 4.6 billion, representing a robust 15% R&D intensity ratio.
Within the quarter, revenue from games and related value-added services hit RMB 25 billion, marking a 10% year-over-year increase. Several premium titles maintained strong growth trajectories, with Where Winds Meet and Marvel Rivals continuing to penetrate key international markets, including North America and Europe. The popular party game Eggy Party has integrated cutting-edge large language models like DeepSeek V4 to enhance its user-generated content creation experience, propelling its global registered user base beyond 700 million, with monthly active users exceeding 100 million. The game's ranking on bestseller charts has also climbed to third place.
Youdao continues to advance its "AI-Native" strategy, generating net revenue of RMB 1.5 billion and maintaining positive operating profit for eight consecutive quarters. Meanwhile, NetEase Cloud Music reported net revenue of RMB 2 billion, with its subscriber base steadily expanding. The innovation segment contributed RMB 1.6 billion in net revenue, reflecting a 6% sequential growth. NetEase Yanxuan's pet category dominated various platform rankings during the 618 shopping festival.
NetEase's enterprise services arm has upgraded its one-stop AI application suite, with intelligent products now serving over one million corporate clients. In the media sector, NetEase Media has integrated AI into content consumption, expression, and social interaction scenarios, boosting daily content production by text creators on the NetEase News app by 15%.
In consumer-facing sectors such as learning and digital music, AI-driven initiatives are yielding significant results. Youdao's learning services revenue reached RMB 800 million in the second quarter, up 21% year-over-year, while AI subscription sales hit approximately RMB 100 million. Core products like Hi Echo and real-time translation features have doubled their performance. NetEase Cloud Music has also upgraded its AI songwriting feature, fully integrating the core elements of music creation, from lyrics and composition to singing and distribution, thereby lowering the barrier for amateur creators. A recent AI music creation competition attracted over 160,000 submissions. Additionally, the platform has enhanced its proprietary AI-generated recommendation model, Climber, and launched innovative features such as "AI-inspired playlists" and an "AI mood tuner".
In the B2B domain, NetEase Zhiqi has launched a comprehensive upgrade of its enterprise AI application matrix. The flagship enterprise-level AI agent platform, "Emperor Crab", now includes over 200 scenario-based skill packages for sales, operations, and customer service. The enterprise AI coding platform CodeWave is streamlining application development, reducing investment in key projects by more than 70%. Furthermore, NetEase Lingdong, leveraging its proprietary industrial large model and "Mechanical Intelligence" training framework, has deployed loading and excavation robots across more than 100 projects, including power plants and ports in over ten provinces, safely completing more than 700,000 operations.