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

126.73 5.47 +4.51%
Market cap
$80.6B
P/E
16.9×
Fwd P/E
12.5×
Dividend yield
2.31%
F-score
9/9
Altman Z
9.21
Beneish M
−2.86
Dividend safety
69/100

NetEase, Inc. (NTES) EBITDA

Alert me on 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

Against its own ten years

Low $1.2B High $5.4B
Ten-year median $2.8B
Current reading's percentile 100

EBITDA against peers

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

The full definition of EBITDA →

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