NetEase Q1 Revenue Hits RMB30.6 Billion; Gross Profit Jumps 14.8%
NetEase reported Q1 2026 net revenues of RMB30.6 billion, up 6.1% year-over-year, driven by a 6.9% increase in games segment to RMB25.7 billion. Gross profit rose 14.8% to RMB21.2 billion, while non-GAAP net income reached RMB11.3 billion.
1. Strong Revenue and Profit Growth
NetEase posted Q1 2026 net revenues of RMB30.6 billion, a 6.1% increase year-over-year, with gross profit up 14.8% to RMB21.2 billion and non-GAAP net income of RMB11.3 billion.
2. Segment Breakdown
Games and related value-added services generated RMB25.7 billion in net revenues, up 6.9%, while Youdao and Cloud Music contributed RMB1.3 billion and RMB2.0 billion, respectively. Innovative businesses fell 4.6% to RMB1.5 billion.
3. International Expansion and Outlook
Established titles like Fantasy Westward Journey and Where Winds Meet drove engagement, supporting global rollouts of Marvel Rivals and other releases. Management plans continued investment in technology and content to extend international reach and accelerate future growth.