NetEase (NTES) Research & Development (2009 - 2026)
NetEase's (NTES) quarterly Research & Development came in at -$647.1 million in Q1 2026, down 7.24% YoY from -$697.6 million in Q1 2025, and down 3.5% on a QoQ basis from -$625.2 million in Q4 2025.
NetEase (NTES) Research & Development (2009 - 2026) Analysis & Trends
NetEase (NTES) has 18 years of Research & Development data on file, last reported at -$647.1 million in Q1 2026.
- Quarterly Research & Development fell 7.24% year-over-year to -$647.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$2.5 billion (down 2.06% YoY) and the FY2025 annual result came in at $2.5 billion, up 5.54% from the prior year.
- Research & Development declined to -$647.1 million in Q1 2026, from -$625.2 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$535.4 million in Q1 2022 to a low of -$647.1 million in Q1 2026.
- A 5-year average of -$595.0 million and a median of -$602.3 million in 2025 frame the typical range for Research & Development.
- The widest YoY moves for Research & Development: up 4.44% in 2022, down 13.41% in 2022.
- Tracing NTES's Research & Development over 5 years: stood at -$575.1 million in 2022, then retreated by 8.18% to -$622.1 million in 2023, then slipped by 0.03% to -$622.3 million in 2024, then decreased by 0.47% to -$625.2 million in 2025, then slipped by 3.5% to -$647.1 million in 2026.
- The last three Research & Development figures came in at -$647.1 million (Q1 2026), -$625.2 million (Q4 2025), and -$634.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 76.41 Bn | -13,107,909.00 Bn | 3.06 Bn | -496.85 Mn |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | 743.00 Mn |
| 3 | Take Two Interactive Software | 44.66 Bn | 42.84 Bn | 882.50 Mn | 369.70 Mn |
| 4 | Roblox | 27.67 Bn | 24.66 Bn | 1.18 Bn | 420.00 Mn |
| 5 | Playtika Holding | 896.31 Mn | 457.81 Mn | 538.20 Mn | 252.60 Mn |
| 6 | DoubleDown Interactive | 632.30 Mn | 177.08 Mn | 71.22 Mn | 3.82 Mn |
| 7 | Gravity | 490.49 Mn | 490.06 Mn | 34,891.11 | 1,967.09 |
| 8 | Sohu.com | 366.49 Mn | -466.48 Mn | 106.58 Mn | 68.89 Mn |
| 9 | Gdev | 202.43 Mn | 202.43 Mn | - | -37.00 Mn |
| 10 | Meridian Holdings | 176.93 Mn | 159.61 Mn | 26.85 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -647.09 Mn |
| Dec 31, 2025 | -625.20 Mn |
| Sep 30, 2025 | -634.58 Mn |
| Jun 30, 2025 | -602.32 Mn |
| Mar 31, 2025 | -603.41 Mn |
| Dec 31, 2024 | -622.28 Mn |
| Sep 30, 2024 | -617.35 Mn |
| Jun 30, 2024 | -615.50 Mn |
| Mar 31, 2024 | -583.82 Mn |
| Dec 31, 2023 | -622.11 Mn |
| Sep 30, 2023 | -600.97 Mn |
| Jun 30, 2023 | -558.09 Mn |
| Mar 31, 2023 | -548.11 Mn |
| Dec 31, 2022 | -575.08 Mn |
| Sep 30, 2022 | -580.29 Mn |
| Jun 30, 2022 | -543.15 Mn |
| Mar 31, 2022 | -535.40 Mn |
| Dec 31, 2021 | -601.82 Mn |
| Sep 30, 2021 | -581.41 Mn |
| Jun 30, 2021 | -527.23 Mn |