NetEase Game Revenue Exceeds 50 Billion Yuan in H1, Q2 Growth Nearly 10%

Summary

NetEase released its Q2 2026 earnings report and semi-annual results today after market close. In Q2, NetEase's total revenue reached 30.1 billion yuan, with gaming and related value-added services net revenue hitting 25 billion yuan, up 10% year-over-year. In the first half of the year, NetEase's gaming revenue exceeded 50 billion yuan, maintaining steady growth. This performance stands out against the backdrop of a sluggish global game market, highlighting the effectiveness of NetEase's continued investment in core game operations and global expansion. Notably, Q2 growth approached 10%, rebounding from previous quarters, driven by the stable performance of long-running titles and new game market expansion. Flagship products like Eggy Party and Justice Online Mobile continue to generate revenue, while the company's overseas layout is gradually paying off. For players, the earnings data reflects NetEase's intensified commitment to game R&D and operations, promising more high-quality releases in the future. For the industry, NetEase's growth demonstrates the competitiveness of Chinese game companies globally and injects confidence into the sector. With several new games scheduled for the second half of the year, NetEase is expected to sustain its growth momentum, deserving close attention from both the industry and players.