NetEase (NETTF) Research & Development (2009 - 2026)
NetEase's (NETTF) quarterly Research & Development came in at -$647.1 million in Q1 2026, down 7.24% YoY from -$697.6 million in Q1 2025, and down 3.5% on a QoQ basis from -$625.2 million in Q4 2025.
Analysis
NetEase (NETTF) Research & Development (2009 - 2026) Analysis & Trends
NetEase (NETTF) has 18 years of Research & Development data on file, last reported at -$647.1 million in Q1 2026.
- Quarterly Research & Development fell 7.24% year-over-year to -$647.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$2.5 billion (down 2.06% YoY) and the FY2025 annual result came in at $2.5 billion, up 5.54% from the prior year.
- Research & Development declined to -$647.1 million in Q1 2026, from -$625.2 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$535.4 million in Q1 2022 to a low of -$647.1 million in Q1 2026.
- A 5-year average of -$595.0 million and a median of -$602.3 million in 2025 frame the typical range for Research & Development.
- The widest YoY moves for Research & Development: up 4.44% in 2022, down 13.41% in 2022.
- Tracing NETTF's Research & Development over 5 years: stood at -$575.1 million in 2022, then retreated by 8.18% to -$622.1 million in 2023, then slipped by 0.03% to -$622.3 million in 2024, then decreased by 0.47% to -$625.2 million in 2025, then slipped by 3.5% to -$647.1 million in 2026.
- The last three Research & Development figures came in at -$647.1 million (Q1 2026), -$625.2 million (Q4 2025), and -$634.6 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | 743.00 Mn |
| 2 | Take Two Interactive Software | 40.60 Bn | 38.78 Bn | 882.50 Mn | 369.70 Mn |
| 3 | Roblox | 30.12 Bn | 27.11 Bn | 1.18 Bn | 420.00 Mn |
| 4 | NetEase | 15.23 Bn | 5.09 Bn | 3.13 Bn | -542.19 Mn |
| 5 | Playtika Holding | 863.96 Mn | 425.46 Mn | 538.20 Mn | 252.60 Mn |
| 6 | DoubleDown Interactive | 650.14 Mn | 96.38 Mn | 71.22 Mn | -13.86 Mn |
| 7 | Gravity | 503.59 Mn | 503.15 Mn | 34,891.11 | 1,967.09 |
| 8 | Sohu.com | 389.63 Mn | -443.35 Mn | 106.58 Mn | 68.89 Mn |
| 9 | Gdev | 205.79 Mn | 123.54 Mn | - | -32.68 Mn |
| 10 | Meridian Holdings | 170.35 Mn | 153.03 Mn | 26.85 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -542.19 Mn |
| Mar 31, 2026 | -496.85 Mn |
| Dec 31, 2025 | -548.22 Mn |
| Sep 30, 2025 | -622.82 Mn |
| Jun 30, 2025 | -494.69 Mn |
| Mar 31, 2025 | -370.82 Mn |
| Dec 31, 2024 | -392.40 Mn |
| Sep 30, 2024 | -530.92 Mn |
| Jun 30, 2024 | -483.72 Mn |
| Mar 31, 2024 | -562.49 Mn |
| Dec 31, 2023 | -586.88 Mn |
| Sep 30, 2023 | -493.15 Mn |
| Jun 30, 2023 | -467.12 Mn |
| Mar 31, 2023 | -424.64 Mn |
| Dec 31, 2022 | -480.57 Mn |
| Sep 30, 2022 | -550.98 Mn |
| Jun 30, 2022 | -500.54 Mn |
| Mar 31, 2022 | -459.37 Mn |
| Dec 31, 2021 | -516.16 Mn |
| Sep 30, 2021 | -484.46 Mn |