NetEase Q4 Earnings Call Highlights

Management said the quarter-over-quarter decline in online game net revenue reflected seasonal effects, as the prior quarter benefited from summer holiday events. Year-over-year growth in the fourth quarter was attributed to higher net revenues from self-developed games, including Fantasy Westward Journey Online , as well as newly launched titles such as Where Winds Meet and Marvel Rivals .Games and related value-added services produced CNY 92.1 billion of net revenue in 2025, up 10% from 2024. In the fourt ...