NetEase (NTES) Capital Expenditures (2009 - 2026)
NetEase's (NTES) quarterly Capital Expenditures came in at -$45.1 million in Q1 2026, up 27.86% YoY from -$35.2 million in Q1 2025, and down 131.92% on a QoQ basis from -$19.4 million in Q4 2025.
NetEase (NTES) Capital Expenditures (2009 - 2026) Analysis & Trends
NetEase (NTES) has 18 years of Capital Expenditures data on file, last reported at -$45.1 million in Q1 2026.
- Quarterly Capital Expenditures rose 27.86% year-over-year to -$45.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$130.4 million (up 28.44% YoY) and the FY2025 annual result came in at $96.3 million, down 31.38% from the prior year.
- Capital Expenditures retreated to -$45.1 million in Q1 2026, from -$19.4 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of -$19.4 million in Q4 2025 to a low of -$118.1 million in Q1 2022.
- A 5-year average of -$59.6 million and a median of -$58.0 million in 2024 frame the typical range for Capital Expenditures.
- Annual changes were most pronounced in 2022 — Capital Expenditures sank 132.1% — and 2024, when it jumped 68.61%.
- Tracing NTES's Capital Expenditures over 5 years: stood at -$49.0 million in 2022, then tumbled by 37.32% to -$67.4 million in 2023, then soared by 35.51% to -$43.4 million in 2024, then jumped by 55.26% to -$19.4 million in 2025, then sank by 131.92% to -$45.1 million in 2026.
- The last three Capital Expenditures figures came in at -$45.1 million (Q1 2026), -$19.4 million (Q4 2025), and -$39.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 81.94 Bn | -13,107,903.48 Bn | 3.06 Bn | -45.07 Mn |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | 76.00 Mn |
| 3 | Take Two Interactive Software | 45.68 Bn | 43.86 Bn | 882.50 Mn | 25.00 Mn |
| 4 | Roblox | 27.76 Bn | 24.75 Bn | 1.18 Bn | 22.00 Mn |
| 5 | Playtika Holding | 907.73 Mn | 469.23 Mn | 538.20 Mn | 5.20 Mn |
| 6 | DoubleDown Interactive | 641.71 Mn | 186.49 Mn | 71.22 Mn | 152,000.00 |
| 7 | Gravity | 493.72 Mn | 493.29 Mn | 34,891.11 | - |
| 8 | Sohu.com | 361.15 Mn | -471.83 Mn | 106.58 Mn | - |
| 9 | Gdev | 200.35 Mn | 200.35 Mn | - | - |
| 10 | Meridian Holdings | 178.45 Mn | 161.13 Mn | 26.85 Mn | 1.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -45.07 Mn |
| Mar 31, 2026 | -45.07 Mn |
| Dec 31, 2025 | -19.43 Mn |
| Dec 31, 2025 | -19.43 Mn |
| Sep 30, 2025 | -39.63 Mn |
| Sep 30, 2025 | -39.63 Mn |
| Jun 30, 2025 | -26.25 Mn |
| Jun 30, 2025 | -26.25 Mn |
| Mar 31, 2025 | -62.46 Mn |
| Mar 31, 2025 | -62.46 Mn |
| Dec 31, 2024 | -43.43 Mn |
| Dec 31, 2024 | -43.43 Mn |
| Sep 30, 2024 | -52.95 Mn |
| Sep 30, 2024 | -52.95 Mn |
| Jun 30, 2024 | -23.33 Mn |
| Jun 30, 2024 | -23.33 Mn |
| Mar 31, 2024 | -58.04 Mn |
| Mar 31, 2024 | -58.04 Mn |
| Dec 31, 2023 | -67.35 Mn |
| Dec 31, 2023 | -67.35 Mn |