Game revenue growth
Game sales drive most of NetEase’s revenue, so their growth is central to the stock’s performance.
NetEase reports its Q3 FY2026 results on 19 November 2026. Analysts expect earnings per share of 2.44 USD and revenue of 4.51B USD.
In Q2 FY2026, reported on 20 August 2026, NetEase earned 1.77 USD a share against the 2.32 USD analysts expected (-23.7%), on revenue of 4.43B USD against 4.33B USD (+2.3%).
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth | Next-day move |
|---|---|---|---|---|---|---|---|---|---|---|
| Q2 FY2027 | 2.64 | — | — | +49.13% | 4.83B | — | — | +8.94% | — | |
| Q1 FY2027 | 2.65 | — | — | +4.89% | 4.82B | — | — | +8.78% | — | |
| Q4 FY2026 | 2.36 | — | — | +50.15% | 4.46B | — | — | +13.25% | — | |
| Q3 FY2026 | 2.44 | — | — | +17.87% | 4.51B | — | — | +13.11% | — | |
| Q2 FY2026 | 2.32 | 1.77 | -23.71% | -14.49% | 4.33B | 4.43B | +2.32% | +13.92% | +6.9% | |
| Q1 FY2026 | 2.19 | 2.53 | +15.53% | +4.98% | 4.25B | 4.43B | +4.26% | +11.98% | +2.0% | |
| Q4 FY2025 | 2.03 | 1.57 | -22.66% | -24.15% | 4.11B | 3.94B | -4.09% | +7.50% | -0.4% | |
| Q3 FY2025 | 2.08 | 2.07 | -0.48% | +43.75% | 4.04B | 3.98B | -1.34% | +6.67% | -0.3% | |
| Q2 FY2025 | 2.04 | 2.07 | +1.47% | +24.70% | 3.98B | 3.89B | -2.24% | +10.90% | -0.5% | |
| Q1 FY2025 | 2.01 | 2.41 | +19.90% | +33.15% | 3.99B | 3.96B | -0.84% | +6.65% | -2.6% | |
| Q4 FY2024 | 1.72 | 2.07 | +20.35% | +29.37% | 3.71B | 3.66B | -1.27% | -4.40% | +1.8% | |
| Q3 FY2024 | 1.74 | 1.44 | -17.24% | -20.88% | 3.90B | 3.73B | -4.23% | +0.03% | — | |
| Q2 FY2024 | 1.79 | 1.66 | -7.26% | -13.09% | 3.62B | 3.51B | -3.03% | +5.82% | — | |
| Q1 FY2024 | 1.85 | 1.81 | -2.16% | +7.10% | 3.65B | 3.71B | +1.67% | +1.92% | — | |
| Q4 FY2023 | 1.80 | 1.60 | -11.11% | +49.53% | 3.89B | 3.83B | -1.49% | +3.48% | — | |
| Q3 FY2023 | 1.65 | 1.82 | +10.30% | +14.47% | 3.75B | 3.73B | -0.40% | +9.18% | — | |
| Q2 FY2023 | 1.33 | 1.91 | +43.61% | +56.56% | 3.38B | 3.31B | -2.00% | -4.09% | — | |
| Q1 FY2023 | 1.31 | 1.69 | +29.01% | +38.52% | 3.58B | 3.64B | +1.66% | -1.75% | — | |
| Q4 FY2022 | 1.28 | 1.07 | -16.41% | -20.15% | 3.68B | 3.70B | +0.73% | -3.24% | — | |
| Q3 FY2022 | 1.12 | 1.59 | +41.96% | +117.81% | 3.44B | 3.42B | -0.71% | -0.56% | -5.0% | |
| Q2 FY2022 | 1.07 | 1.22 | +14.02% | +50.62% | 3.47B | 3.46B | -0.45% | +8.88% | -1.6% | |
| Q1 FY2022 | 1.15 | 1.22 | +6.09% | +22.00% | 3.59B | 3.71B | +3.37% | +18.64% | +2.2% | |
| Q4 FY2021 | 0.77 | 1.34 | +74.03% | +509.09% | 3.78B | 3.83B | +1.28% | +26.43% | +7.4% | |
| Q3 FY2021 | 0.68 | 0.73 | +7.35% | +14.06% | 3.24B | 3.44B | +6.00% | +25.24% | +1.2% | |
| Q2 FY2021 | 0.78 | 0.81 | +3.85% | -17.35% | 19.74B | 3.17B | -83.92% | +23.23% | -0.6% | |
| Q1 FY2021 | 0.78 | 1.00 | +28.21% | +29.87% | 3.10B | 3.13B | +0.73% | +29.86% | +1.5% | |
| Q4 FY2020 | 0.27 | 0.22 | -18.52% | -67.16% | 3.05B | 3.03B | -0.88% | +32.62% | +1.1% | |
| Q3 FY2020 | 0.26 | 0.64 | +146.15% | -76.90% | 14.00B | 2.75B | -80.39% | +34.08% | +4.7% | |
| Q2 FY2020 | 0.75 | 0.98 | +30.67% | +42.03% | 13.86B | 2.58B | -81.41% | -5.70% | -0.9% | |
| Q1 FY2020 | 0.70 | 0.77 | +10.00% | +40.00% | 15.92B | 2.41B | -84.89% | -11.85% | -1.5% | |
| Q4 FY2019 | 0.60 | 0.67 | +11.67% | +26.42% | 6.60B | 2.28B | -65.41% | -24.69% | -6.7% | |
| Q3 FY2019 | 0.48 | 2.77 | +477.08% | +443.14% | 12.95B | 2.05B | -84.19% | -16.45% | — | |
| Q2 FY2019 | 0.46 | 0.69 | +50.00% | +9.52% | 9.56B | 2.73B | -71.42% | +11.07% | — | |
| Q1 FY2019 | 0.37 | 0.55 | +48.65% | +71.88% | 9.70B | 2.73B | -71.85% | +21.09% | — | |
| Q4 FY2018 | 0.54 | 0.53 | -1.85% | +20.45% | 5.84B | 3.03B | -48.12% | +36.69% | — | |
| Q3 FY2018 | 0.54 | 0.51 | -5.56% | -26.09% | 13.43B | 2.45B | -81.75% | +30.69% | +5.2% | |
| Q2 FY2018 | 0.48 | 0.63 | +31.25% | -18.18% | 14.48B | 2.46B | -83.01% | +24.94% | -10.9% | |
| Q1 FY2018 | 0.48 | 0.32 | -33.33% | -66.32% | 25.83B | 2.25B | -91.27% | +13.85% | -7.5% | |
| Q4 FY2017 | 0.42 | 0.44 | +4.76% | -48.84% | 18.76B | 2.22B | -88.18% | +27.38% | -6.4% | |
| Q3 FY2017 | 0.61 | 0.69 | +13.11% | +1.47% | 12.18B | 1.88B | -84.61% | +35.80% | +7.9% | |
| Q2 FY2017 | 0.81 | 0.77 | -4.94% | +5.48% | 15.26B | 1.97B | -87.10% | +46.15% | -9.8% | |
| Q1 FY2017 | 0.85 | 0.95 | +11.76% | +53.23% | 12.57B | 1.98B | -84.24% | +61.93% | -0.8% | |
| Q4 FY2016 | 0.73 | 0.86 | +17.81% | +56.36% | 10.11B | 1.74B | -82.78% | +42.98% | +14.1% | |
| Q3 FY2016 | 0.62 | 0.68 | +9.68% | +38.78% | 8.71B | 1.38B | -84.15% | +31.55% | -9.2% | |
| Q2 FY2016 | 0.51 | 0.73 | +43.14% | +87.18% | 7.52B | 1.35B | -82.09% | +82.91% | -2.7% | |
| Q1 FY2016 | 0.46 | 0.62 | +34.78% | +77.14% | 6.36B | 1.22B | -80.78% | +106.66% | +0.4% | |
| Q4 FY2015 | 0.39 | 0.55 | +41.03% | +77.42% | 7.15B | 1.22B | -82.98% | +114.98% | -14.8% | |
| Q3 FY2015 | 0.36 | 0.49 | +36.11% | +68.97% | 5.29B | 1.05B | -80.15% | +106.71% | +2.2% | |
| Q2 FY2015 | 0.32 | 0.39 | +21.88% | +30.00% | 4.66B | 736.29M | -84.20% | +65.18% | -5.2% | |
| Q1 FY2015 | 0.28 | 0.35 | +25.00% | +14.16% | 3.31B | 591.76M | -82.14% | +51.04% | +8.3% | |
| Q4 FY2014 | 0.32 | 0.31 | -3.13% | — | 3.45B | 566.32M | -83.60% | — | +7.4% | |
| Q3 FY2014 | 0.30 | 0.29 | -3.33% | +11.54% | 3.19B | 507.75M | -84.11% | +31.89% | +3.2% | |
| Q2 FY2014 | 0.29 | 0.30 | +3.45% | +11.11% | 2.69B | 445.74M | -83.41% | +21.28% | +1.6% | |
| Q1 FY2014 | 0.28 | 0.28 | 0.00% | +7.69% | 2.40B | 380.95M | -84.13% | +9.95% | +0.3% | |
| Q1 FY2014 | — | 0.31 | — | +17.92% | — | 391.79M | — | +13.08% | -3.1% | |
| Q3 FY2013 | 0.27 | 0.26 | -3.70% | +30.00% | 2.46B | 384.97M | -84.38% | +21.15% | -4.4% | |
| Q2 FY2013 | 0.25 | 0.27 | +8.00% | +28.57% | 2.05B | 367.54M | -82.07% | +19.10% | +2.8% | |
| Q1 FY2013 | 0.24 | 0.26 | +8.33% | +13.04% | — | 346.48M | — | +11.13% | -3.9% | |
| Q4 FY2012 | 0.22 | 0.25 | +13.64% | +13.64% | 2.00B | 360.33M | -81.94% | +9.15% | +6.8% | |
| Q3 FY2012 | 0.22 | 0.20 | -9.09% | 0.00% | — | 317.77M | — | +3.81% | -6.0% | |
| Q2 FY2012 | 0.22 | 0.21 | -4.55% | +16.67% | — | 308.60M | — | +15.13% | -14.9% | |
| Q1 FY2012 | 0.20 | 0.23 | +15.00% | +35.29% | — | 311.77M | — | +36.16% | +4.8% | |
| Q4 FY2011 | 0.20 | 0.22 | +10.00% | — | 1.97B | 330.13M | -83.25% | — | -3.9% | |
| Q3 FY2011 | 0.18 | 0.20 | +11.11% | +53.85% | 1.74B | 306.11M | -82.38% | +46.27% | +4.2% | |
| Q2 FY2011 | 0.16 | 0.18 | +12.50% | +63.64% | 1.48B | 268.05M | -81.89% | +38.86% | -9.3% | |
| Q1 FY2011 | — | 0.16 | — | +57.20% | — | 247.03M | — | +44.85% | +1.5% | |
| Q1 FY2011 | 0.14 | 0.17 | +21.43% | +70.00% | 1.24B | 228.97M | -81.51% | +34.26% | +2.0% | |
| Q3 FY2010 | 0.13 | 0.13 | 0.00% | +44.44% | 1.32B | 209.28M | -84.10% | +64.63% | -3.2% | |
| Q2 FY2010 | 0.12 | 0.11 | -8.33% | 0.00% | 1.38B | 193.03M | -86.02% | +53.14% | +12.2% | |
| Q1 FY2010 | — | 0.13 | — | +37.02% | — | 182.99M | — | +61.62% | +3.6% | |
| Q1 FY2010 | 0.12 | 0.10 | -16.67% | +6.06% | 1.39B | 170.54M | -87.75% | +50.63% | -3.4% | |
| Q3 FY2009 | 0.10 | 0.09 | -10.00% | +28.57% | 946.91M | 127.12M | -86.58% | +7.27% | -8.6% | |
| Q2 FY2009 | 0.09 | 0.11 | +22.22% | +10.00% | 732.74M | 126.05M | -82.80% | +1.68% | -0.8% | |
| Q1 FY2009 | 0.09 | 0.09 | 0.00% | +50.00% | 759.49M | 129.21M | -82.99% | +39.36% | +9.5% | |
| Q1 FY2009 | — | 0.09 | — | +57.15% | — | 113.22M | — | +22.12% | +4.5% | |
| Q3 FY2008 | 0.08 | 0.07 | -12.50% | +40.00% | 840.22M | 118.51M | -85.90% | +56.28% | +1.0% | |
| Q2 FY2008 | 0.08 | 0.10 | +25.00% | +66.67% | 633.90M | 123.97M | -80.44% | +76.80% | +4.4% | |
| Q1 FY2008 | — | 0.08 | — | +46.15% | — | 68.94M | — | -3.99% | -3.9% | |
| Q1 FY2008 | 0.06 | 0.06 | 0.00% | +4.84% | 665.47M | 92.71M | -86.07% | +29.11% | -6.0% | |
| Q3 FY2007 | 0.06 | 0.05 | -16.67% | -16.67% | 588.59M | 75.83M | -87.12% | +4.81% | -13.0% | |
| Q2 FY2007 | 0.06 | 0.06 | 0.00% | 0.00% | 484.13M | 70.12M | -85.52% | +1.33% | -8.1% | |
| Q1 FY2007 | 0.05 | 0.06 | +20.00% | +20.00% | 496.24M | 64.42M | -87.02% | +7.59% | -1.6% | |
| Q1 FY2007 | — | 0.06 | — | +14.46% | — | 71.81M | — | +19.93% | -0.6% | |
| Q3 FY2006 | 0.06 | 0.06 | 0.00% | +50.00% | 551.01M | 72.35M | -86.87% | +31.78% | -5.8% | |
| Q2 FY2006 | 0.05 | 0.06 | +20.00% | +50.00% | 532.24M | 69.20M | -87.00% | +110.79% | -7.8% | |
| Q1 FY2006 | 0.05 | 0.05 | 0.00% | +66.67% | 466.80M | 59.87M | -87.17% | +60.35% | -5.2% | |
| Q4 FY2005 | — | 0.05 | — | — | — | 63.56M | — | — | 0.0% | |
| Q3 FY2005 | 0.05 | 0.04 | -20.00% | +100.00% | 462.72M | 54.91M | -88.13% | +90.21% | -22.0% | |
| Q2 FY2005 | — | 0.01 | — | -48.30% | — | 47.52M | — | +89.97% | +5.4% | |
| Q2 FY2005 | 0.03 | 0.04 | +25.23% | +100.00% | 318.14M | 32.83M | -89.68% | +31.24% | +21.4% | |
| Q1 FY2005 | 0.03 | 0.03 | +16.23% | +50.00% | 252.60M | 37.34M | -85.22% | +65.21% | -1.2% | |
| Q3 FY2004 | 0.02 | 0.02 | +18.41% | 0.00% | 190.40M | 28.87M | -84.84% | +71.82% | -1.2% | |
| Q2 FY2004 | 0.02 | 0.02 | -8.84% | +471.43% | 230.00M | 25.01M | -89.12% | +60.03% | -12.1% | |
| Q1 FY2004 | 0.02 | 0.02 | +2.72% | +517.28% | 177.30M | 22.60M | -87.25% | +66.96% | -6.0% | |
| Q4 FY2003 | 0.02 | 0.02 | +9.41% | +875.61% | 144.00M | 19.57M | -86.41% | +77.74% | +24.2% | |
| Q3 FY2003 | 0.02 | 0.02 | -6.24% | — | 139.00M | 16.80M | -87.91% | +96.75% | -23.1% | |
| Q2 FY2003 | 0.06 | 0.00 | -94.17% | — | 110.57M | 15.63M | -85.86% | +1,119.97% | +14.4% | |
| Q1 FY2003 | 0.00 | 0.00 | +52.83% | — | 103.99M | 13.54M | -86.98% | — | +5.9% | |
| Q4 FY2002 | 0.00 | 0.00 | +14.53% | — | 91.00M | 11.01M | -87.90% | +207.81% | -15.2% | |
| Q3 FY2002 | — | -0.00 | — | — | — | 8.54M | — | +881.64% | 0.0% | |
| Q2 FY2002 | — | -0.00 | — | — | — | 3.58M | — | +440.56% | +2.6% | |
| Q2 FY2002 | — | -0.00 | — | — | — | 1.28M | — | +93.65% | 0.0% | |
| Q4 FY2001 | — | -0.00 | — | — | — | 3.58M | — | +18.88% | 0.0% | |
| Q3 FY2001 | — | -0.01 | — | — | — | 869.85K | — | -64.09% | 0.0% | |
| Q2 FY2001 | — | -0.01 | — | — | — | 661.59K | — | -59.91% | -4.4% | |
| Q4 FY2000 | — | -0.01 | — | — | — | 607.26K | — | -22.26% | 0.0% | |
| Q4 FY2000 | — | -0.01 | — | — | — | 3.01M | — | +285.12% | 0.0% | |
| Q3 FY2000 | — | -0.00 | — | — | — | 2.42M | — | — | -5.7% | |
| Q2 FY2000 | — | -0.00 | — | — | — | 1.65M | — | — | +7.2% | |
| Q4 FY1999 | — | -0.00 | — | — | — | 781.17K | — | — | — |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 11.63 | — | — | +8.47% | 20.87B | — | — | +6.79% |
| FY2027 | 10.72 | — | — | +16.08% | 19.55B | — | — | +7.58% |
| FY2026 | 9.23 | — | — | +13.73% | 18.17B | — | — | +15.22% |
| FY2025 | 8.74 | 8.12 | -7.07% | +16.33% | 16.24B | 15.77B | -2.90% | +7.89% |
| FY2024 | 6.76 | 6.98 | +3.19% | -0.57% | 14.56B | 14.62B | +0.42% | +0.66% |
| FY2023 | 6.94 | 7.02 | +1.10% | +37.65% | 14.82B | 14.52B | -2.04% | +1.66% |
| FY2022 | 4.91 | 5.10 | +3.83% | +31.44% | 13.93B | 14.29B | +2.56% | +5.31% |
The move is the shares' change on the trading day after the report: after a report after the close, the next day's close on the report day's; before the open, the report day's close on the day before's. Surprise is the reported figure against the analysts' average estimate.
From the last earnings call, the company's guidance and analysts' previews, and checked against the report when it comes.
Game sales drive most of NetEase’s revenue, so their growth is central to the stock’s performance.
On average, analysts' EPS estimate was 12.7% off the result, either way, and their revenue estimate 2.3%, over the last 12 quarters.
See also:Forecast,EPS,Income statement
Source: Financial Modeling Prep
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