NetEase (NTES) Revenue & Revenue Breakdown


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NetEase Revenue Highlights


Latest Revenue (Y)

$103.47B

Latest Revenue (Q)

$26.85B

Main Segment (Y)

Cloud Music

NetEase Revenue by Period


NetEase Revenue by Year

DateRevenueChange
2023-12-31$103.47B7.23%
2022-12-31$96.50B10.15%
2021-12-31$87.61B18.92%
2020-12-31$73.67B24.35%
2019-12-31$59.24B-11.79%
2018-12-31$67.16B24.13%
2017-12-31$54.10B41.71%
2016-12-31$38.18B67.43%
2015-12-31$22.80B94.68%
2014-12-31$11.71B27.37%
2013-12-31$9.20B12.14%
2012-12-31$8.20B12.49%
2011-12-31$7.29B94.06%
2010-12-31$3.76B-1.74%
2009-12-31$3.82B23.95%
2008-12-31$3.08B39.37%
2007-12-31$2.21B2.26%
2006-12-31$2.16B34.24%
2005-12-31$1.61B78.44%
2004-12-31$903.60M66.64%
2003-12-31$542.23M145.47%
2002-12-31$220.89M680.38%
2001-12-31$28.31M-56.49%
2000-12-31$65.05M316.52%
1999-12-31$15.62M-

NetEase generated $103.47B in revenue during NA 2023, up 7.23% compared to the previous quarter, and up 154.07% compared to the same period a year ago.

NetEase Revenue by Quarter

DateRevenueChange
2024-03-31$26.85B-1.06%
2023-12-31$27.14B-0.48%
2023-09-30$27.27B13.57%
2023-06-30$24.01B-4.13%
2023-03-31$25.05B-1.21%
2022-12-31$25.35B3.80%
2022-09-30$24.43B5.47%
2022-06-30$23.16B-1.68%
2022-03-31$23.56B-3.35%
2021-12-31$24.37B9.84%
2021-09-30$22.19B8.12%
2021-06-30$20.52B0.04%
2021-03-31$20.52B3.82%
2020-12-31$19.76B5.91%
2020-09-30$18.66B2.60%
2020-06-30$18.18B6.58%
2020-03-31$17.06B8.44%
2019-12-31$15.73B7.51%
2019-09-30$14.64B-22.02%
2019-06-30$18.77B2.25%
2019-03-31$18.36B-7.50%
2018-12-31$19.84B17.73%
2018-09-30$16.86B3.51%
2018-06-30$16.28B14.89%
2018-03-31$14.17B-2.98%
2017-12-31$14.61B17.07%
2017-09-30$12.48B-6.72%
2017-06-30$13.38B-1.94%
2017-03-31$13.64B12.74%
2016-12-31$12.10B31.34%
2016-09-30$9.21B2.89%
2016-06-30$8.95B13.11%
2016-03-31$7.92B0.16%
2015-12-31$7.90B18.45%
2015-09-30$6.67B46.06%
2015-06-30$4.57B24.80%
2015-03-31$3.66B5.70%
2014-12-31$3.46B11.11%
2014-09-30$3.12B12.62%
2014-06-30$2.77B17.00%
2014-03-31$2.37B-2.35%
2013-12-31$2.42B2.79%
2013-09-30$2.36B4.07%
2013-06-30$2.26B5.20%
2013-03-31$2.15B-5.21%
2012-12-31$2.27B13.43%
2012-09-30$2.00B2.01%
2012-06-30$1.96B-0.16%
2012-03-31$1.97B-6.36%
2011-12-31$2.10B7.22%
2011-09-30$1.96B12.94%
2011-06-30$1.73B15.58%
2011-03-31$1.50B-8.19%
2010-12-31$1.63B16.66%
2010-09-30$1.40B6.99%
2010-06-30$1.31B12.41%
2010-03-31$1.16B-6.83%
2009-12-31$1.25B43.99%
2009-09-30$868.03M0.57%
2009-06-30$863.09M11.23%
2009-03-31$775.92M-15.69%
2008-12-31$920.29M13.16%
2008-09-30$813.29M-4.60%
2008-06-30$852.49M30.74%
2008-03-31$652.05M22.52%
2007-12-31$532.21M-

NetEase generated $26.85B in revenue during Q1 2024, up -1.06% compared to the previous quarter, and up 105.91% compared to the same period a year ago.

NetEase Revenue Breakdown


NetEase Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 22Dec 21Dec 20Dec 19Dec 18
Innovative businesses and others$7.92B$12.45B---
Cloud Music$8.99B$7.00B---
Youdao$5.01B$5.35B---
Online game services-$62.81B---
Youdao Learning Services--$2.15B--
Advertising--$2.65B$2.58B$2.50B
Online Games Services--$54.61B$46.42B-
Products Sales And Other Services--$14.25B$9.39B-
Youdao Learning Services And Products---$851.87M-
Service Other----$5.83B
Product----$18.64B

NetEase's latest annual revenue breakdown by segment (product or service), as of Dec 22: Cloud Music (41.01%), Innovative businesses and others (36.13%), and Youdao (22.86%).

NetEase Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
GRVYGravity$713.44B$119.78B
NTESNetEase$103.47B$26.85B
EAElectronic Arts$7.56B$2.03B
TTWOTake-Two Interactive Software$5.35B$1.35B
RBLXRoblox$2.80B$918.95M
PLTKPlaytika$2.57B$620.80M
DDIDoubleDown Interactive$308.34M$87.63M
SKLZSkillz$150.11M$24.56M

NTES Revenue FAQ


What is NetEase’s yearly revenue?

NetEase's yearly revenue for 2023 was $103.47B, representing an increase of 7.23% compared to 2022. The company's yearly revenue for 2022 was $96.5B, representing an increase of 10.15% compared to 2021. NTES's yearly revenue for 2021 was $87.61B, representing an increase of 18.92% compared to 2020.

What is NetEase’s quarterly revenue?

NetEase's quarterly revenue for Q1 2024 was $26.85B, a -1.06% decrease from the previous quarter (Q4 2023), and a 7.21% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $27.14B, a -0.48% decrease from the previous quarter (Q3 2023), and a 7.04% increase year-over-year (Q4 2022). NTES's quarterly revenue for Q3 2023 was $27.27B, a 13.57% increase from the previous quarter (Q2 2023), and a 11.64% increase year-over-year (Q3 2022).

What is NetEase’s revenue growth rate?

NetEase's revenue growth rate for the last 3 years (2021-2023) was 18.11%, and for the last 5 years (2019-2023) was 74.66%.

What are NetEase’s revenue streams?

NetEase's revenue streams in c 22 are Innovative businesses and others, Cloud Music, and Youdao. Innovative businesses and others generated $7.92B in revenue, accounting 36.13% of the company's total revenue, down -36.34% year-over-year. Cloud Music generated $8.99B in revenue, accounting 41.01% of the company's total revenue, up 28.50% year-over-year. Youdao generated $5.01B in revenue, accounting 22.86% of the company's total revenue, down -6.37% year-over-year.

What is NetEase’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of NetEase was Cloud Music. This segment made a revenue of $8.99B, representing 41.01% of the company's total revenue.