Quarterly ResultMay 21, 2026, 06:08 AM
NetEase Q1 Net Revenues +6.1% to $4.4B; Net Income $1.5B
AI Summary
NetEase announced strong unaudited financial results for the first quarter ended March 31, 2026. The company reported a 6.1% year-over-year increase in net revenues to $4.4 billion, driven by a 6.9% rise in games and related value-added services. Gross profit grew by 14.8% to $3.1 billion, and net income attributable to shareholders reached $1.5 billion. Operational highlights included sustained engagement across established game titles and progress in global expansion. The board also approved a quarterly dividend of $0.720 per ADS and continued its share repurchase program.
Key Highlights
- NetEase Q1 2026 net revenues increased 6.1% YoY to $4.4 billion (RMB30.6 billion).
- Games and related value-added services net revenues rose 6.9% YoY to $3.7 billion (RMB25.7 billion).
- Gross profit increased 14.8% YoY to $3.1 billion (RMB21.2 billion).
- Net income attributable to shareholders was $1.5 billion (RMB10.7 billion).
- Non-GAAP net income attributable to shareholders was $1.6 billion (RMB11.3 billion).
- Basic net income per ADS was $2.42, and non-GAAP basic net income per ADS was $2.56.
- Board approved a Q1 2026 dividend of $0.144 per share ($0.720 per ADS).
- Approximately 23.2 million ADSs repurchased for $2.1 billion under the extended program.
Price Impact
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