Xin Lang Cai Jing·2026-02-11 08:35Core Insights - NetEase reported steady performance for 2025, with Q4 revenue of 27.5 billion yuan and total annual revenue of 112.6 billion yuan [1][2] - Annual operating profit reached 35.8 billion yuan, a year-on-year increase of 21%, while Q4 operating profit was 8.3 billion yuan, growing by 6% year-on-year [1][2] - The company invested 17.7 billion yuan in R&D for the year, marking the sixth consecutive year of R&D spending exceeding 10 billion yuan [1][2] Revenue Breakdown - Revenue from games and related value-added services amounted to 92.1 billion yuan, with online game revenue reaching 89.6 billion yuan, reflecting an 11% year-on-year growth and returning to double-digit growth [1][2] Game Performance Highlights - The classic IP "Fantasy Westward Journey" achieved record annual revenue after 23 years of operation [1][2] - The online game "Tianxia" reached its highest peak online player count in nearly a decade, with user payment rates hitting an all-time high [1][2] - The first anniversary version of "Yanyun Sixteen Sounds" set new records for daily active users and revenue, exceeding expectations with over 80 million global users [1][2] - "Egg Party" saw a new high in average online duration per user, maintaining its position as the top party game in China [1][2]