Zhi Tong Cai Jing·2025-11-24 01:46Core Insights - NetEase-S reported a net income of RMB 28.4 billion (USD 4 billion) for Q3 2025, representing an 8.2% year-on-year increase [1] - Gross profit reached RMB 18.2 billion (USD 2.6 billion), up 10.3% year-on-year [1] - Net profit attributable to shareholders was approximately RMB 8.616 billion (USD 1.2 billion), reflecting a 31.77% year-on-year growth [1] Revenue Breakdown - Revenue from games and related value-added services for Q3 2025 was RMB 23.3 billion (USD 3.3 billion), compared to RMB 22.8 billion in the previous quarter and RMB 20.9 billion in the same quarter last year [1] - Online games accounted for approximately 97.6% of the segment's net revenue, showing a slight increase from 97.1% in the previous quarter and 96.8% year-on-year [1] - The growth in online game revenue was driven by self-developed games such as "Dream of the Red Chamber" PC and "Nirvana in Fire" mobile, as well as several agency games [1] Product Performance - The performance of "Dream of the Red Chamber" PC and mobile games, along with "Party of Eggs," was strong during the summer, showcasing the company's long-standing game operation capabilities [2] - The company plans to allocate more resources to evergreen projects and provide opportunities for innovative teams [2] - Upcoming new games include "Forgotten Sea," set to launch in 2026, with additional titles like "Infinite" and "Return to Tang" in the pipeline [2]