NetEase, Inc.NTES
What NetEase, Inc. does.
We conduct our business in China through our subsidiaries and the VIEs. Due to legal restrictions and prohibitions on foreign investment in Chinese companies providing, among other things, value-added telecommunications services, internet cultural services and internet publication services, we operate our primary businesses, including the online games, music streaming, online intelligent learning services and internet content services businesses in China mainland, through contractual arrangements with the VIEs and their nominee shareholders. The contractual arrangements provide us with the: (a) the power to direct the activities that most significantly impact the economic performance of the VIEs and their subsidiaries; (b) the economic benefits of these VIEs and their subsidiaries; and (c) an exclusive option to purchase all or part of the equity interests in the VIEs when and to the extent permissible under PRC laws. The VIEs hold ICP licenses and other regulated licenses in which foreign investment is restricted or prohibited and operate our internet businesses and other businesses. Under the contractual arrangements, we provide our computer software, mobile applications, technologies and relevant services to such VIEs, and they operate the NetEase game services in China, education platforms, websites, as well as our other online businesses. For more information on these agreements, see Item 7.B. “Major Shareholders and Related Party Transactions—Related Party Transactions.”
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $73.7B | $87.6B | $96.5B | $103.5B | $105.3B | $112.6B |
| Net income | $12.8B | $17.4B | $20.3B | $29.4B | $29.7B | $33.8B |
| Free cash flow | $23.8B | $23.3B | $25.6B | $33.0B | $38.4B | $49.7B |
More on NTES.
- NetEase, Inc. summary
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- NetEase, Inc. health scores and style box
- NetEase, Inc. earnings
- NetEase, Inc. dividends
- NetEase, Inc. valuation
- NetEase, Inc. ownership and insiders
- NetEase, Inc. peers
Figures from NetEase, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.