In the first quarter, the core business of NTES-S(09999) led with double growth in revenue and net profit. Net profit attributable to the parent company increased by 3.62% year-on-year to 10.7 billion yuan.

NETEASE-S (09999) announced its financial performance for the first quarter of 2026, with net revenue totaling RMB 30.6 billion (USD 4.4 billion), an increase of 6.1% year-on-year. Gross profit was RMB 21.2 billion (USD 3.1 billion), an increase of 14.8% compared to the same period last year. Net profit attributable to the company's shareholders was RMB 10.7 billion (USD 1.5 billion), representing a 3.62% year-on-year growth; basic earnings per share were RMB 3.34, with a quarterly dividend of USD 0.144 per share. The net revenue from gaming and related value-added services for the first quarter of 2026 was RMB 25.7 billion (USD 3.7 billion), compared to RMB 22 billion and RMB 24 billion in the previous quarter and the same period last year, respectively. This quarter, net revenue from online games accounted for approximately 97.5% of the division's net revenue, compared to 96.8% in the previous quarter and 97.5% in the same period last year. The increase in net revenue from online games was mainly driven by the self-developed games such as the "Fantasy Westward Journey" series and "Yanyun Sixteen Melodies." Net revenue from Youdao was RMB 1.3 billion, an increase of 3.8% year-on-year. NETEASE MUSIC's net revenue was RMB 2 billion, an increase of 6.6% year-on-year. "In the first quarter of 2026, we once again demonstrated strong quarterly performance. We have an excellent game product matrix, and the development of new games is progressing steadily," said Ding Lei, CEO and Director of NetEase. "The new products and content we have launched globally have shown outstanding cross-market appeal, providing solid support for the continued implementation of our globalization strategy." "Looking ahead, we will continue to strengthen our technological capabilities, focus on content and research and development innovation. By integrating cutting-edge technology with operational capabilities, we will create premium content and rich experiences that surpass player expectations, reaching a broader global player base," Mr. Ding Lei concluded.