Sep 2025 (Q3 FY25) — Nov 20, 2025
NetEase Q3 FY25 — Strong Gaming Momentum and Global Expansion
Read the full callNetEase earnings: last reported Thu, 20 Nov 2025, for the quarter ended Sep 2025.
Price
1Y: $148.21 on 17 Oct 2025 → $125.25. High $152.85 (20 Oct 2025), low $109.26 (27 Mar 2026).
Overview
Call summaries
NetEase Q3 FY25 — Strong Gaming Momentum and Global Expansion
Read the full callNetEase Q2 FY25 — Strong Game Portfolio Drives Revenue Growth and Record Engagement
Read the full callEvery analysed call
Financials
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 6,399 | 8,100 | 9,833 | 12,161 | 13,205 | 15,805 | 17,856 | 21,415 |
| Total liabilities | 5,171 | 5,614 | 7,369 | 8,508 | 9,263 | 8,147 | 7,329 | 8,052 |
| Fixed assets | 782 | 664 | 698 | 853 | 920 | 1,137 | 1,167 | 1,205 |
| Investments | 1,698 | 2,200 | 2,034 | 1,927 | 1,105 | 625 | 1,474 | 3,261 |
| Total assets | 12,649 | 16,106 | 21,743 | 24,110 | 25,048 | 26,187 | 26,851 | 31,662 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,951 | 2,473 | 3,814 | 3,912 | 4,017 | 4,976 | 5,436 | 7,256 |
| Cash from investing | -1,974 | -3,180 | -4,474 | -1,111 | -1,069 | -2,401 | 2,455 | -4,745 |
| Cash from financing | 231 | 155 | 1,519 | -1,975 | -1,484 | -3,024 | -3,745 | -2,883 |
| Net cash flow | 220 | -547 | 884 | 817 | 1,481 | -476 | 4,147 | -427 |
| Capital expenditure | -368 | -174 | -162 | -251 | -305 | -324 | -175 | -152 |
| Free cash flow | 1,584 | 2,299 | 3,653 | 3,660 | 3,713 | 4,652 | 5,261 | 7,103 |
3 filings between Jun 29, 2026 and Sep 2, 2026.
Purchases
None
No insider bought shares.
Sales
$1.37M
2 sales by 2 insiders
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Boltz Paul William JR | — | $1.28M | Jun 29, 2026 |
| Mo Bin | — | $86.4K | Sep 2, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 2, 2026 | Mo Bin Vice President, Finance | Sale | 716 | $86.4K |
| Aug 11, 2026 | Mo Bin Vice President, Finance | Award | 716 | $0 |
| Jun 29, 2026 | Boltz Paul William JR General Counsel | Sale | 10,000 | $1.28M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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