NetEase (NTES) stock price is $122.18, down 0.37% on the day, as of Nov 13, 2026. It has a market cap of $78.00Bn and a P/E ratio of 17.50, and is classified in the Video Games industry (Technology sector).
Enterprise Value
Margins
P/FCF
Key Stats
Market Cap78.00 Bn
P/E17.50
FCF (Yr)7.10 Bn
ROA (Yr)17.01
EV to EBIT6.25
Net Income (Yr)4.98 Bn
Enterprise Value36.89 Bn
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About
NetEase, Inc. is an internet technology company that provides online games music streaming intelligent learning e commerce advertising and email services. The company develops and operates a broad portfolio of online games across multiple genres and platforms. It also runs a music streaming platform NetEase Cloud Music an intelligent learning and advertising solutions provider Youdao and a lifestyle brand Yanxuan. NetEase serves users primarily in China while expanding its…
NetEase, Inc. is an internet technology company that provides online games music streaming intelligent learning e commerce advertising and email services. The company develops and operates a broad portfolio of online games across multiple genres and platforms. It also runs a music streaming platform NetEase Cloud Music an intelligent learning and advertising solutions provider Youdao and a lifestyle brand Yanxuan. NetEase serves users primarily in China while expanding its games and services to global markets.
NetEase generates revenue principally from its online games business through sales of in house developed games licensed games and related value added services. The music streaming platform earns income from subscription fees virtual item sales advertising and digital album purchases. Youdao contributes revenue from learning services smart devices and online marketing services including performance based advertising and global promotion. Yanxuan adds earnings from the sale of private label consumer lifestyle products across home life pet care personal care and cleaning categories. Additional revenue streams include premium email services payment processing and other value added offerings such as news portals and B to B technology solutions.
The company operates through the following segments: Games and Related Value added Services Intelligent Learning and Advertising Solutions Youdao Online Music Platform NetEase Cloud Music and Other Innovative Business and Services.
Games and Related Value added Services: develops and operates over 100 online games including MMORPG casual shooting racing and strategy titles both in house developed and licensed from partners such as Blizzard Microsoft and Marvel.
Intelligent Learning and Advertising Solutions Youdao: provides learning services smart devices and online marketing services including AI driven tools performance based advertising and global promotion.
Online Music Platform NetEase Cloud Music: offers music streaming subscriptions virtual item sales advertising and digital album sales to users seeking personalized music discovery and social entertainment.
Other Innovative Business and Services: includes the Yanxuan lifestyle brand advertising services premium email payment platform and news portal www.163.com delivering varied content to users.
NetEase ranks among the largest online game providers in China measured by revenue and user engagement. The company competes with major domestic and global players such as Tencent miHoYo and Activision Blizzard for gamers attention and spending. Its competitive strengths lie in a strong internal research and development capability a deep portfolio of proprietary game franchises and early adoption of cross platform technologies. NetEase also leverages its AI expertise across games music and learning to enhance user experience and operational efficiency. In music streaming it holds a notable share of the domestic market alongside rivals like Tencent Music and Xiaomi. Overall the company maintains a diversified internet services footprint that reduces reliance on any single line of business.
NetEase serves individual consumers who play its online games across PC mobile and console platforms. Its music platform attracts listeners seeking curated playlists social interaction and virtual gifting features. Youdao reaches students professionals and lifelong learners through its educational apps smart devices and advertising solutions. Yanxuan appeals to younger shoppers looking for affordable stylish home and personal care products. Advertising revenue comes from brand advertisers performance marketers and e commerce partners looking to reach NetEase's user base.
Sector:TechnologySector rationaleNetEase's primary revenue is generated from its online games business, music streaming platform, and AI-driven learning services, all of which are internet platforms and software products. A secondary sector of Consumer Discretionary is justified because the company operates Yanxuan, a lifestyle brand that sells private label consumer products in home, pet, and personal care categories.Industries:+2 moreVideo GamesVideo GamesPrimaryNetEase is primarily an online game provider that develops and operates over 100 titles across multiple genres (MMORPG, casual, shooting) and platforms (PC, mobile, console). It generates its principal revenue from the sales of in-house developed and licensed games and related value-added services.StreamingStreamingSecondaryThe company operates NetEase Cloud Music, a streaming platform that earns income from subscriptions, digital album purchases, and advertising.Education TechnologyEducation TechnologySecondaryThrough Youdao, the company provides intelligent learning services and educational apps for students and professionals.Classified using BQ-MICSCIK: 0001110646