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U.S. COMPANY FILING

NetEase, Inc. — Form 20-F filed 2026-04-15

Filed: 2026-04-15Company: NetEase, Inc.Ticker: NTESExchange: NasdaqForm: 20-FReport period: 2025-12-31SEC accession: 0001104659-26-043468Event: earningsMateriality: 85

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NetEase reported 2025 net revenues of RMB112.6 billion, up ~6.9% YoY, and net income of RMB33.8 billion, up ~13.8%. Games segment contributed 97.3% of segment revenues. Risks include VIE structure, geopolitical tensions, and industry competition.

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