NetEase, Inc.
NTES Communication Services Electronic Gaming & Multimedia
NetEase, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.1 billion, up 11.6% from fiscal 2024.
- Revenue
- +14.0%
- EPS
- −14.4%
- Free cash flow
- +1.53%
- Total debt
- +18.0%
Quarter to June 2026, against a year earlier
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NetEase, Inc. (NTES) EBITDA
NetEase, Inc.'s EBITDA for fiscal 2025 was $5.4B, up 24.2% from $4.4B in fiscal 2024. Over the twelve months to 30 June 2026 it was $6.4B. Over the past ten years it has ranged from $1.2B (fiscal 2015) to $5.4B (fiscal 2025) — the current reading is the highest in ten years. EBITDA has risen for 7 consecutive fiscal years. NetEase, Inc. ranks 1st of 20 Electronic Gaming & Multimedia companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $5.4B | 24.21% |
| FY2024 | $4.4B | 1.18% |
| FY2023 | $4.3B | 32.91% |
| FY2022 | $3.3B | 5.50% |
| FY2021 | $3.1B | 12.04% |
| FY2020 | $2.8B | 17.05% |
| FY2019 | $2.4B | 62.39% |
| FY2018 | $1.5B | (27.13%) |
| FY2017 | $2.0B | 6.71% |
| FY2016 | $1.9B | 62.16% |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Jun 2026 | $1.8B | (2.62%) |
| Mar 2026 | $1.9B | 35.34% |
| Dec 2025 | $1.4B | 15.55% |
| Sep 2025 | $1.2B | (4.08%) |
| 42 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| NTES NetEase, Inc. | $6.4B |
| TTWO Take-Two Interactive Software, Inc. compare | $1.2B |
| DDI DoubleDown Interactive Co., Ltd. Sponsored ADR compare | $147.4M |
| PLTK Playtika Holding Corp. compare | $115.3M |
| GDEV GDEV Inc. compare | $84.9M |
| GRVY GRAVITY Co., Ltd. compare | $61.5M |
| FIRY Firy Inc. compare | −$60.0M |
| SOHU Sohu.com Inc. compare | −$77.5M |
| RBLX Roblox Corporation compare | −$957.6M |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
More on NTES
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement