NetEase (NTES) Research & Development (2009 - 2026)
NetEase (NTES) posted Research & Development of -$496.8 million for Q1 2026, up 9.37% on a QoQ basis from -$548.2 million in Q4 2025, and down 33.99% year-over-year from -$752.6 million in Q1 2025.
NetEase (NTES) Research & Development (2009 - 2026) Analysis & Trends
NetEase's Research & Development history runs 18 years deep, the most recent figure standing at -$496.8 million for Q1 2026.
- Quarterly Research & Development fell 33.99% year-over-year to -$496.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$2.2 billion (down 21.64% YoY) and the FY2025 annual result came in at $2.5 billion, up 5.54% from the prior year.
- Research & Development was -$496.8 million for Q1 2026 at NetEase, up from -$548.2 million in the prior quarter.
- Across five years, Research & Development topped out at -$370.8 million in Q1 2025 and bottomed at -$622.8 million in Q3 2025.
- A 5-year average of -$498.0 million and a median of -$494.7 million in 2025 frame the typical range for Research & Development.
- Peak annual rise in Research & Development reached 34.07% in 2025, while the deepest fall reached 39.71% in 2025.
- NetEase's Research & Development stood at -$480.6 million in 2022, then fell by 22.12% to -$586.9 million in 2023, then jumped by 33.14% to -$392.4 million in 2024, then tumbled by 39.71% to -$548.2 million in 2025, then grew by 9.37% to -$496.8 million in 2026.
- Business Quant data shows NTES's Research & Development at -$496.8 million in Q1 2026, -$548.2 million in Q4 2025, and -$622.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Electronic Arts | 52.46 Bn | 49.60 Bn | 1.76 Bn | 1.95 Bn |
| 2 | Take Two Interactive Software | 48.15 Bn | 47.69 Bn | 938.70 Mn | 958.70 Mn |
| 3 | Roblox | 33.85 Bn | 30.63 Bn | 1.15 Bn | 422.00 Mn |
| 4 | Gdev | 2.31 Bn | 2.31 Bn | 85.00 Mn | -37.00 Mn |
| 5 | NetEase | 2.16 Bn | -7,331,731.34 Bn | 3.06 Bn | -496.85 Mn |
| 6 | Playtika Holding | 1.35 Bn | 575.11 Mn | 552.50 Mn | 360.60 Mn |
| 7 | Gravity | 418.32 Mn | 418.18 Mn | 35,341.61 | 775.20 |
| 8 | Meridian Holdings | 152.70 Mn | 138.17 Mn | 28.14 Mn | - |
| 9 | Firy | 128.08 Mn | -57.32 Mn | 25.51 Mn | 17.28 Mn |
| 10 | CTW Cayman | 118.94 Mn | 99.19 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -466.35 Mn |