Today, NetEase announced its unaudited financial results for the third quarter of 2025. The data shows that NetEase achieved a revenue of 28.4 billion yuan (approximately 4 billion US dollars) in this quarter, representing an 8.2% increase compared to the same period in 2024, demonstrating a steady growth trend. In terms of gross profit, NetEase achieved 18.2 billion yuan (approximately 2.6 billion US dollars), with a year-over-year growth of 10.3%, indicating further improvement in profitability.

Regarding cost control, NetEase's total operating expenses were 10.2 billion yuan (1.4 billion US dollars), an 8.9% increase compared to the same period in 2024. The growth rate of expenses was lower than the revenue growth rate, showing good cost control capabilities. The net profit attributable to ordinary shareholders of the company reached 8.6 billion yuan (1.2 billion US dollars). Under non-GAAP measures, this figure rose to 9.5 billion yuan (1.3 billion US dollars), significantly enhancing profitability.

NetEase

Other than the gaming business, Youdao, a subsidiary of NetEase, achieved a net income of 1.6 billion yuan (approximately 228.8 million US dollars), an increase of 3.6% compared to the same period in 2024. Driven by the deepening of the "AI-native" strategy and the focus on business structure, Youdao's cumulative operating profit increased by nearly 150% in the first three quarters of 2025. Net income from online marketing services and sales of AI subscription services both reached record highs. NetEase Cloud Music achieved a net income of 2 billion yuan (approximately 275.9 million US dollars). Although it slightly decreased by 1.8% compared to the same period in 2024, the overall business remained stable. Net income from innovative businesses and other sources was 1.4 billion yuan (approximately 202.1 million US dollars), a decrease of 18.9% compared to the same period last year. NetEase will continue to explore new business growth points.

Notably, NetEase's R&D investment in the third quarter of 2025 reached 4.5 billion yuan, with an R&D intensity of 16%, showing a strong emphasis on technological innovation and product development. AI technology has become an important engine for business growth and user experience enhancement at NetEase. In the future, NetEase will continue to increase its investment in the AI field, driving continuous innovation and development of its business.