NetEase (NTES) EBITDA (2009 - 2026)
NetEase's (NTES) quarterly EBITDA came in at $1.8 billion in Q1 2026, up 27.22% YoY from $1.4 billion in Q1 2025, and up 55.79% on a QoQ basis from $1.2 billion in Q4 2025.
NetEase (NTES) EBITDA (2009 - 2026) Analysis & Trends
NetEase (NTES) has 18 years of EBITDA data on file, last reported at $1.8 billion in Q1 2026.
- Quarterly EBITDA rose 27.22% year-over-year to $1.8 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $5.4 billion (up 19.7% YoY) and the FY2025 annual result came in at $5.1 billion, up 26.43% from the prior year.
- EBITDA climbed to $1.8 billion in Q1 2026, from $1.2 billion in the prior quarter.
- In the past five years, EBITDA ranged from a high of $1.8 billion in Q1 2026 to a low of $623.4 million in Q4 2022.
- A 5-year average of $1.0 billion and a median of $1.0 billion in 2023 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2022 — EBITDA retreated 13.51% — and 2023, when it surged 53.03%.
- Tracing NTES's EBITDA over 5 years: stood at $623.4 million in 2022, then jumped by 53.03% to $953.9 million in 2023, then rose by 14.14% to $1.1 billion in 2024, then grew by 7.72% to $1.2 billion in 2025, then soared by 55.79% to $1.8 billion in 2026.
- The last three EBITDA figures came in at $1.8 billion (Q1 2026), $1.2 billion (Q4 2025), and $1.1 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 76.41 Bn | -13,107,909.00 Bn | 3.06 Bn | 1.83 Bn |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | 513.00 Mn |
| 3 | Take Two Interactive Software | 44.66 Bn | 42.84 Bn | 882.50 Mn | 4.60 Mn |
| 4 | Roblox | 27.67 Bn | 24.66 Bn | 1.18 Bn | -229.00 Mn |
| 5 | Playtika Holding | 896.31 Mn | 457.81 Mn | 538.20 Mn | 134.60 Mn |
| 6 | DoubleDown Interactive | 632.30 Mn | 177.08 Mn | 71.22 Mn | 36.50 Mn |
| 7 | Gravity | 490.49 Mn | 490.06 Mn | 34,891.11 | 18,385.77 |
| 8 | Sohu.com | 366.49 Mn | -466.48 Mn | 106.58 Mn | -18.30 Mn |
| 9 | Gdev | 202.43 Mn | 202.43 Mn | - | 18.00 Mn |
| 10 | Meridian Holdings | 176.93 Mn | 159.61 Mn | 26.85 Mn | 2.44 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.83 Bn |
| Dec 31, 2025 | 1.17 Bn |
| Sep 30, 2025 | 1.12 Bn |
| Jun 30, 2025 | 1.25 Bn |
| Mar 31, 2025 | 1.44 Bn |
| Dec 31, 2024 | 1.09 Bn |
| Sep 30, 2024 | 997.18 Mn |
| Jun 30, 2024 | 966.03 Mn |
| Mar 31, 2024 | 1.07 Bn |
| Dec 31, 2023 | 953.95 Mn |
| Sep 30, 2023 | 1.04 Bn |
| Jun 30, 2023 | 865.60 Mn |
| Mar 31, 2023 | 1.06 Bn |
| Dec 31, 2022 | 623.36 Mn |
| Sep 30, 2022 | 693.25 Mn |
| Jun 30, 2022 | 750.10 Mn |
| Mar 31, 2022 | 867.69 Mn |
| Dec 31, 2021 | 720.76 Mn |
| Sep 30, 2021 | 583.57 Mn |
| Jun 30, 2021 | 581.59 Mn |