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. In the quarter to June 2026, revenue grew 14.0%, EPS fell 14.4%, free cash flow grew 1.53% and total debt rose 18.0%, each against the same quarter a year earlier. Operating cash flow growth for five consecutive years.
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NetEase, Inc. (NTES) EV/Sales
As of 16 October 2026, NetEase, Inc. (NTES) trades at a EV/Sales of 3.3×. Over the past ten years it has ranged from 1.6× (October 2022) to 7.1× (June 2015); the current reading is higher than 35% of that period. That is above the Electronic Gaming & Multimedia industry median of 1.0× and above the Communication Services sector median of 1.4×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 4.0× | 46.92% |
| FY2024 | 2.7× | (9.33%) |
| FY2023 | 3.0× | 15.88% |
| FY2022 | 2.6× | (35.06%) |
| FY2021 | 4.0× | (12.02%) |
| FY2020 | 4.6× | 24.76% |
| FY2019 | 3.7× | 45.93% |
| FY2018 | 2.5× | (47.02%) |
| FY2017 | 4.7× | 10.93% |
| FY2016 | 4.3× | (24.43%) |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 3.4× | 16.42% |
| Mar 2026 | 2.9× | (28.27%) |
| Dec 2025 | 4.0× | (18.85%) |
| Sep 2025 | 5.0× | 12.41% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| SOHU Sohu.com Inc. compare | 0.1× |
| GRVY GRAVITY Co., Ltd. compare | 0.1× |
| GDEV GDEV Inc. compare | 0.2× |
| DDI DoubleDown Interactive Co., Ltd. Sponsored ADR compare | 0.5× |
| PLTK Playtika Holding Corp. compare | 1.0× |
| FIRY Firy Inc. compare | 2.4× |
| NTES NetEase, Inc. | 3.3× |
| TTWO Take-Two Interactive Software, Inc. compare | 5.8× |
| RBLX Roblox Corporation compare | 5.9× |
| Electronic Gaming & Multimedia industry median | 1.0× |
| Communication Services sector median | 1.4× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)