Asia/Eastern Europe was The9’s largest region in fiscal 2025, bringing in $64.39M of $107.90M (60%).
| Geography | FY 2013 | FY 2016 | FY 2018 | FY 2020 | FY 2021 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Asia/Eastern Europe | $102.96M | $64.39M | |||||
| Greater China | $289.00K | $35.43M | |||||
| Prc | — | — | |||||
| North America | $8.47M | $8.07M | |||||
| Other Areas | — | — | |||||
| Total | $111.71M | $107.90M |
The9 brought in $107.90M from its three regions in fiscal 2025, the year ended December 31, 2025. That was down 3.4% from $111.71M in fiscal 2024. Asia/Eastern Europe was the largest at $64.39M (59.7%), ahead of Greater China at $35.43M (32.8%) and North America at $8.07M (7.5%).
Compared with fiscal 2024, Greater China grew fastest, up 12,159.9% to $35.43M, while Asia/Eastern Europe fell the most, down 37.5% to $64.39M.
Cryptocurrency Mining was The9’s largest segment in fiscal 2025, bringing in $56.35M of $107.90M (52%).
| Segment | FY 2020 | FY 2021 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Cryptocurrency Mining | $110.74M | $56.35M | ||
| Online Game Services | $975.00K | $51.55M | ||
| Corporate & Other | — | — | ||
| Corporate | — | — | ||
| Total | $111.71M | $107.90M |
The9 brought in $107.90M from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 3.4% from $111.71M in fiscal 2024. Cryptocurrency Mining was the largest at $56.35M (52.2%), ahead of Online Game Services at $51.55M (47.8%).
Compared with fiscal 2024, Online Game Services grew 5,186.8% to $51.55M, while Cryptocurrency Mining fell 49.1% to $56.35M.
Cryptocurrency Mining Revenue was The9’s largest product and service line in fiscal 2025, bringing in $56.35M of $100.04M (56%).
| Product and Service | FY 2018 | FY 2021 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Cryptocurrency Mining Revenue | $110.74M | $56.35M | ||
| Online Game Services | — | — | ||
| Online Game Services & Other Revenues | $975.00K | $43.69M | ||
| Other Revenues | — | — | ||
| Total | $111.71M | $100.04M |
The9 brought in $100.04M from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That is less than the $107.90M it reports by geography, so these lines do not cover all of its revenue. Cryptocurrency Mining Revenue was the largest at $56.35M (56.3%), ahead of Online Game Services & Other Revenues at $43.69M (43.7%).
Compared with fiscal 2024, Online Game Services & Other Revenues grew 4,381.2% to $43.69M, while Cryptocurrency Mining Revenue fell 49.1% to $56.35M.
The9 (NCTY) reports its revenue by geography, by segment and by product and service. In fiscal 2025, Asia/Eastern Europe was its largest region, bringing in $64.39M (59.7% of the total), followed by Greater China at $35.43M (32.8%).
Asia/Eastern Europe was The9's largest region in fiscal 2025, bringing in $64.39M, or 59.7% of the $107.90M total across its three regions.
Cryptocurrency Mining was The9's largest segment in fiscal 2025, bringing in $56.35M, or 52.2% of the $107.90M total across its two segments.
Cryptocurrency Mining Revenue was The9's largest product and service line in fiscal 2025, bringing in $56.35M, or 56.3% of the $100.04M total across its two product and service lines.
Among The9's regions that make up at least 2% of revenue, Greater China grew fastest in fiscal 2025, up 12,159.9% from $289.00K to $35.43M.
Every figure comes from The9's annual financial filings, as reported. Each line keeps the name The9 gives it, and years follow its fiscal calendar.
The9's revenue by geography goes back to fiscal 2013, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.