Where Winds Meet
GameBy Everstone Studio
Documents about Where Winds Meet
NetEase 4Q25 Investor Presentation
NetEase’s fourth-quarter 2025 investor presentation outlines the company’s performance as a leading global internet and gaming services provider.
- NetEase generated $3.9 billion in total net revenue for 4Q25, with the gaming segment contributing $3.14 billion of that total.
- Net income attributable to shareholders reached $893 million for the quarter, supported by a strong gross profit margin of 64.2%.
- The gaming division's performance was bolstered by the global expansion of new titles Marvel Rivals and Sword of Justice, alongside record-high annual revenue for licensed Blizzard titles in China.
NetEase 3Q25 Investor Presentation
NetEase’s third-quarter 2025 investor presentation outlines the company’s financial performance and strategic positioning as a premier global internet and gaming services provider.
- NetEase reported total net revenues of $3.98 billion for 3Q25, an 8.2% year-over-year increase, with net income rising 31.8% to $1.21 billion.
- The gaming segment remains the primary revenue driver, contributing $3.28 billion in 3Q25, representing an 11.8% year-over-year growth fueled by titles like Fantasy Westward Journey and the launch of Destiny: Rising.
- The company maintains a strong financial position with $21.5 billion in net cash as of September 30, 2025, supporting ongoing dividend declarations and share buyback programs.
NetEase First Quarter 2025 Unaudited Financial Results
NetEase reported strong financial results for the first quarter of 2025, characterized by significant revenue growth and improved profitability.
- NetEase reported Q1 2025 total net revenues of RMB 28.8 billion, a 7.4% year-over-year increase driven by a 12.1% growth in the gaming segment to RMB 24.0 billion.
- Net income reached RMB 10.3 billion, with non-GAAP net income rising to RMB 11.2 billion, supported by a 14.4% reduction in total operating expenses to RMB 8.0 billion.
- Gaming performance was bolstered by new titles including Where Winds Meet, FragPunk, and Marvel Rivals, the global mobile launch of Once Human, and the return of Blizzard Entertainment titles to the Chinese market.
NetEase 2Q26 Investor Presentation
NetEase’s second quarter 2026 investor presentation outlines the company’s financial performance and strategic positioning as a global provider of premium internet and gaming services.
- NetEase reported $4.4 billion in total net revenue for 2Q26, with the games and related value-added services segment accounting for $3.688 billion.
- The company maintains a robust liquidity position with $24.7 billion in net cash as of June 30, 2026, supporting ongoing dividend declarations and share buyback programs.
- Operational efficiency remains high, with the company achieving a 70.5% gross profit margin for the second quarter of 2026.
NetEase 1Q26 Investor Presentation
NetEase’s first-quarter 2026 investor presentation outlines the company’s financial performance and strategic positioning as a global internet and gaming services provider.
- NetEase generated $4.4 billion in total net revenue for 1Q26, with the gaming segment contributing $3.7 billion of that total.
- The company reported $1.5 billion in net income for the quarter, maintaining a gross profit margin of 69.4%.
- As of March 31, 2026, NetEase holds a robust balance sheet with $24.3 billion in net cash.
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