NetEase (NTES) Operating Leases (2019 - 2025)
NetEase's (NTES) quarterly Operating Leases came in at $32.7 million in Q4 2025, down 43.03% YoY from $57.4 million in Q4 2024, and down 43.03% on a QoQ basis from $57.4 million in Q4 2024.
NetEase (NTES) Operating Leases (2019 - 2025) Analysis & Trends
NetEase (NTES) has 7 years of Operating Leases data on file, last reported at $32.7 million in Q4 2025.
- Quarterly Operating Leases fell 43.03% year-over-year to $32.7 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $32.7 million (down 43.03% YoY) and the FY2025 annual result came in at $33.2 million, down 41.28% from the prior year.
- Operating Leases eased to $32.7 million in Q4 2025, from $57.4 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $114.5 million in Q4 2021 to a low of $32.7 million in Q4 2025.
- A 5-year average of $75.3 million and a median of $77.2 million in 2023 frame the typical range for Operating Leases.
- Annual changes were most pronounced in 2021 — Operating Leases jumped 59.81% — and 2025, when it plunged 43.03%.
- Tracing NTES's Operating Leases over 5 years: stood at $114.5 million in 2021, then retreated by 17.41% to $94.6 million in 2022, then decreased by 18.37% to $77.2 million in 2023, then declined by 25.59% to $57.4 million in 2024, then sank by 43.03% to $32.7 million in 2025.
- The last three Operating Leases figures came in at $32.7 million (Q4 2025), $57.4 million (Q4 2024), and $77.2 million (Q4 2023), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | NetEase | 76.41 Bn | -13,107,909.00 Bn | 3.06 Bn |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn |
| 3 | Take Two Interactive Software | 44.66 Bn | 42.84 Bn | 882.50 Mn |
| 4 | Roblox | 27.67 Bn | 24.66 Bn | 1.18 Bn |
| 5 | Playtika Holding | 896.31 Mn | 457.81 Mn | 538.20 Mn |
| 6 | DoubleDown Interactive | 632.30 Mn | 177.08 Mn | 71.22 Mn |
| 7 | Gravity | 490.49 Mn | 490.06 Mn | 34,891.11 |
| 8 | Sohu.com | 366.49 Mn | -466.48 Mn | 106.58 Mn |
| 9 | Gdev | 202.43 Mn | 202.43 Mn | - |
| 10 | Meridian Holdings | 176.93 Mn | 159.61 Mn | 26.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 32.73 Mn |
| Dec 31, 2024 | 57.44 Mn |
| Dec 31, 2023 | 77.20 Mn |
| Dec 31, 2022 | 94.58 Mn |
| Dec 31, 2021 | 114.51 Mn |
| Dec 31, 2020 | 71.66 Mn |
| Mar 31, 2020 | 40.53 Mn |
| Dec 31, 2019 | 39.72 Mn |