NetEase-S (09999) announced its financial results for the fourth quarter of 2025, with net revenue reaching RMB 275.47 billion, an increase of 3.0% year-over-year. Gross profit was approximately RMB 177 billion, up 8.7% compared to the same period last year. Net profit attributable to the company's shareholders stood at RMB 62.42 billion. The dividend for the fourth quarter was set at USD 0.232 per share.
Revenue from games and related value-added services amounted to RMB 220 billion, a 3.4% increase year-over-year. Net revenue from Youdao reached RMB 16 billion, rising 16.8% compared to the prior year. Net revenue from NetEase Cloud Music was RMB 20 billion, up 4.7% year-over-year.
For the full year 2025, net revenue was approximately RMB 1,126.26 billion, an increase of 6.96% year-over-year. Gross profit was about RMB 724.02 billion, up 10.02% compared to the previous year. Net profit attributable to the company's shareholders was approximately RMB 337.6 billion, a 13.68% increase year-over-year. Basic earnings per share were RMB 10.59.
"We concluded 2025 with another quarter of solid performance, demonstrating our exceptional long-term operational capabilities in games and our growing influence in global markets," said Mr. Ding Lei, CEO and Director of NetEase. "AI has become a core foundational capability for our research, development, and operations. We have systematically integrated AI into game development and gameplay innovation. Currently, AI has achieved significant results in improving production efficiency and has unlocked unprecedented new interactive experiences for our players."
"Looking ahead, NetEase's various business lines will continue to focus on creating high-quality products. By building an innovative talent ecosystem, deepening cooperation with global partners, and steadily advancing the development of AI application capabilities, we will further enhance the vitality of our games, deliver novel product experiences, and create greater value for global players and shareholders," Mr. Ding Lei concluded.