NetEase (NTES) EBITDA (2009 - 2026)
NetEase's (NTES) quarterly EBITDA came in at $1.8 billion in Q2 2026, up 41.73% on a YoY basis from $1.3 billion in Q2 2025, and down 2.84% quarter-over-quarter from $1.8 billion in Q1 2026.
Analysis
NetEase (NTES) EBITDA (2009 - 2026) Analysis & Trends
NetEase (NTES) has reported EBITDA for 18 consecutive years, with $1.8 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBITDA rose 41.73% year-over-year to $1.8 billion; the trailing twelve-month figure through Jun 2026 stood at $5.9 billion (up 23.46% YoY), and the FY2025 full-year result was $5.1 billion, up 26.43% from the prior year.
- EBITDA declined to $1.8 billion in Q2 2026 per NTES's latest filing, from $1.8 billion in the prior quarter.
- Across five years, EBITDA topped out at $1.8 billion in Q1 2026 and bottomed at $623.4 million in Q4 2022.
- Historically, EBITDA has averaged $1.1 billion across 5 years, with a median of $1.1 billion in 2023.
- The sharpest annual moves came in 2022 and 2023: EBITDA decreased 13.51% in 2022, then soared 53.03% in 2023.
- Over 5 years, EBITDA stood at $623.4 million in 2022, then soared by 53.03% to $953.9 million in 2023, then advanced by 14.14% to $1.1 billion in 2024, then rose by 7.72% to $1.2 billion in 2025, then jumped by 51.37% to $1.8 billion in 2026.
- According to Business Quant data, EBITDA over the past three periods registered $1.8 billion, $1.8 billion, and $1.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 73.81 Bn | 63.67 Bn | 3.13 Bn | 1.78 Bn |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | 513.00 Mn |
| 3 | Take Two Interactive Software | 40.29 Bn | 38.47 Bn | 882.50 Mn | 4.60 Mn |
| 4 | Roblox | 32.49 Bn | 29.45 Bn | 1.18 Bn | -229.00 Mn |
| 5 | The9 | 3.01 Bn | 3.00 Bn | 319,000.00 | -13.36 Mn |
| 6 | Playtika Holding | 881.03 Mn | 442.53 Mn | 538.20 Mn | 134.60 Mn |
| 7 | DoubleDown Interactive | 628.34 Mn | 74.78 Mn | 71.22 Mn | 36.50 Mn |
| 8 | Gravity | 495.39 Mn | 494.95 Mn | 34,891.11 | 18,385.77 |
| 9 | Sohu.com | 356.62 Mn | -476.01 Mn | 133.81 Mn | -18.30 Mn |
| 10 | Gdev | 206.92 Mn | 124.67 Mn | - | 20.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.78 Bn |
| 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 |