Sou Hu Cai Jing·2025-11-20 08:56Core Insights - NetEase reported its unaudited financial performance for Q3 2025, showing a positive growth trajectory across various business segments [1][2] Financial Performance - Revenue reached 28.4 billion RMB (approximately 4 billion USD), marking an 8.2% increase compared to the same period in 2024 [2] - Gross profit was 18.2 billion RMB (around 2.6 billion USD), reflecting a 10.3% growth year-over-year [2] - Total operating expenses amounted to 10.2 billion RMB (about 1.4 billion USD), which is an 8.9% increase from 2024 [2] - Net profit attributable to ordinary shareholders was 8.6 billion RMB (1.2 billion USD) [2] - Non-GAAP net profit attributable to ordinary shareholders was 9.5 billion RMB (1.3 billion USD) [2] Business Segment Performance - Revenue from games and related value-added services was 23.3 billion RMB (3.3 billion USD), up 11.8% year-over-year [2] - Youdao's net revenue was 1.6 billion RMB (approximately 228.8 million USD), showing a 3.6% increase compared to 2024 [2] - Net revenue from NetEase Cloud Music was 2 billion RMB (around 275.9 million USD), which represents a decline of 1.8% year-over-year [2] - Revenue from innovative businesses and others was 1.4 billion RMB (approximately 202.1 million USD), down 18.9% compared to the previous year [2] User Engagement - The game "Fantasy Westward Journey" achieved a peak of 3.58 million concurrent players for four consecutive times since Q3 [1]