NetEase, Inc. Earnings Recaps
Q3 2025
Nov 21, 2025
NetEase reported a solid 8% revenue growth year-over-year for Q3 2025, driven by strong game performance and successful global launches, including the highly acclaimed "Destiny: Rising."
Key takeaways
- Total revenues reached RMB 28.4 billion, with game and related VAS revenues up 12% year-over-year.
- "Destiny: Rising" became a top iOS download in the U.S. and other key markets shortly after its global launch, enhancing player engagement.
- "Where Winds Meet" achieved a peak of 190,000 concurrent players within two days of its global release, underlining its strong market interest.
- Strategic expansions and collaborations at major gaming events, including Gamescom and Tokyo Game Show, are expected to further boost NetEase's global portfolio.
- Upcoming titles like "Ananta" and innovative updates for existing games are generating significant player excitement and anticipation.