The9 (NCTY) EBITDA Margin (2025 - 2026)
The9's EBITDA Margin came in at -1770.18% for Q2 2026, down 1880.81 percentage points from 110.63% a year earlier and down 1050.81 percentage points from the prior quarter.
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Analysis
The9 (NCTY) EBITDA Margin (2025 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, The9 reported EBITDA Margin of -265.83%; for FY2025, it was 3497.07%, up 3494.58 percentage points from FY2024.
- EBITDA Margin has increased in each of the last three years, though with a five-year change of -47492.14 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was 2.49% in FY2024 (+134.67 pp), -132.19% in FY2023 (+395.77 pp), -527.96% in FY2022 (-350.40 pp) and -177.56% in FY2021 (-51166.78 pp).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,153.64 Bn | 3,911.16 Bn | 73.85 Bn | 39.96% |
| 2 | Meta Platforms | 1,761.39 Bn | 1,463.91 Bn | 49.47 Bn | 41.33% |
| 3 | Netflix | 292.87 Bn | 253.07 Bn | 6.52 Bn | 68.51% |
| 4 | Alibaba Group Holding | 252.48 Bn | 66.25 Bn | 15.11 Bn | - |
| 5 | Shopify | 226.56 Bn | 203.74 Bn | 1.71 Bn | 13.82% |
| 6 | Uber Technologies | 140.90 Bn | 112.70 Bn | 6.38 Bn | 14.69% |
| 7 | Booking Holdings | 125.99 Bn | 59.04 Bn | - | 35.76% |
| 8 | PDD Holdings | 113.71 Bn | -130.06 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 109.42 Bn | 66.93 Bn | 1.86 Bn | 14.32% |
| 10 | The9 | 24.86 Mn | 6.66 Mn | 319,000.00 | -1,770.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1,770.18% |
| Mar 31, 2026 | -719.66% |
| Jun 30, 2025 | 110.63% |
| Mar 31, 2025 | -146.81% |
API Access
The9 EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NCTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "NCTY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NCTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();