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Netease Earnings Calls
| Release date | May 21, 2026 |
| EPS estimate | $0.436 |
| EPS actual | $0.513 |
| EPS Surprise | 17.69% |
| Revenue estimate | 4.256B |
| Revenue actual | 4.491B |
| Revenue Surprise | 5.54% |
| Release date | Feb 11, 2026 |
| EPS estimate | $0.403 |
| EPS actual | $0.318 |
| EPS Surprise | -21.00% |
| Revenue estimate | 4.08B |
| Revenue actual | 4.002B |
| Revenue Surprise | -1.90% |
| Release date | Nov 20, 2025 |
| EPS estimate | $0.410 |
| EPS actual | $0.375 |
| EPS Surprise | -8.53% |
| Revenue estimate | 4.043B |
| Revenue actual | 3.983B |
| Revenue Surprise | -1.50% |
| Release date | Jun 30, 2025 |
| EPS estimate | $0.413 |
| EPS actual | $0.373 |
| EPS Surprise | -9.75% |
| Revenue estimate | 3.942B |
| Revenue actual | 3.889B |
| Revenue Surprise | -1.33% |
Last 4 Quarters for Netease
Below you can see how NETTF performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jun 30, 2025 |
| Price on release | $25.45 |
| EPS estimate | $0.413 |
| EPS actual | $0.373 |
| EPS surprise | -9.75% |
| Date | Price |
|---|---|
| Jun 24, 2025 | $27.51 |
| Jun 25, 2025 | $24.52 |
| Jun 26, 2025 | $28.12 |
| Jun 27, 2025 | $28.06 |
| Jun 30, 2025 | $25.45 |
| Jul 01, 2025 | $28.75 |
| Jul 02, 2025 | $26.59 |
| Jul 03, 2025 | $28.02 |
| Jul 07, 2025 | $28.17 |
| 4 days before | -7.49% |
| 4 days after | 10.70% |
| On release day | 12.96% |
| Change in period | 2.41% |
| Release date | Nov 20, 2025 |
| Price on release | $26.75 |
| EPS estimate | $0.410 |
| EPS actual | $0.375 |
| EPS surprise | -8.53% |
| Date | Price |
|---|---|
| Nov 14, 2025 | $25.49 |
| Nov 17, 2025 | $26.75 |
| Nov 18, 2025 | $26.75 |
| Nov 19, 2025 | $26.75 |
| Nov 20, 2025 | $26.75 |
| Nov 21, 2025 | $25.49 |
| Nov 24, 2025 | $26.75 |
| Nov 25, 2025 | $26.75 |
| Nov 26, 2025 | $26.75 |
| 4 days before | 4.93% |
| 4 days after | 0% |
| On release day | 0% |
| Change in period | 4.93% |
| Release date | Feb 11, 2026 |
| Price on release | $27.52 |
| EPS estimate | $0.403 |
| EPS actual | $0.318 |
| EPS surprise | -21.00% |
| Date | Price |
|---|---|
| Feb 05, 2026 | $27.52 |
| Feb 06, 2026 | $27.52 |
| Feb 09, 2026 | $27.52 |
| Feb 10, 2026 | $27.52 |
| Feb 11, 2026 | $27.52 |
| Feb 12, 2026 | $27.52 |
| Feb 13, 2026 | $27.52 |
| Feb 17, 2026 | $24.03 |
| Feb 18, 2026 | $24.03 |
| 4 days before | 0% |
| 4 days after | -12.68% |
| On release day | 0% |
| Change in period | -12.68% |
| Release date | May 21, 2026 |
| Price on release | $22.04 |
| EPS estimate | $0.436 |
| EPS actual | $0.513 |
| EPS surprise | 17.69% |
| Date | Price |
|---|---|
| May 15, 2026 | $22.04 |
| May 18, 2026 | $22.04 |
| May 19, 2026 | $22.04 |
| May 20, 2026 | $22.04 |
| May 21, 2026 | $22.04 |
| May 22, 2026 | $22.04 |
| May 26, 2026 | $22.04 |
| May 27, 2026 | $22.04 |
| May 28, 2026 | $22.04 |
| 4 days before | 0% |
| 4 days after | 0% |
| On release day | 0% |
| Change in period | 0% |
Netease Earnings Call Transcript Summary of Q1 2026
NetEase reported a solid start to 2026 with total Q1 revenue of RMB 30.6 billion, driven by a strong games business (RMB 25.7 billion, +7% YoY). Online games revenue was RMB 25.1 billion (+18% QoQ, +7% YoY) supported by both overseas and domestic momentum: Where Winds Meet has become a global hit post-launch with sustained engagement and major updates; other international successes include Marvel franchise content, crossovers (Tokyo Ghoul), and steady performance from long-running MMOs and titles (e.g., multiple franchise anniversaries driving DAU). The company reiterated disciplined margin management (group gross margin 69.4%; game gross margin 74.8%), stable R&D spend (~14.7% of revenue), and improved profitability (non-GAAP net income ~RMB 11.3 billion). Cash position remains strong (net cash RMB 167.2 billion) and the Board approved a Q1 dividend of USD 0.44 per ADS; under the $5 billion buyback program NetEase repurchased ~$3.1 billion to date. Other business highlights: continued AI investments and productization across the ecosystem (Youdao, AI agents), NetEase Cloud Music modestly down YoY, Yanxuan focusing on profitable categories, and ongoing ESG progress (MSCI AAA upgrade). Management emphasized product quality and differentiation for upcoming titles (notably Ananta/Enanta and other new launches) and plans continued investment in global publishing, localization and cross-platform expansion.
