NetEase has announced a 6.9% rise in its gaming revenue, reaching $3.7 billion in the first quarter

Image credit: NetEase

NetEase has released its financial performance report for the first quarter, which shows a 6.9% boost in gaming revenue, reaching RMB 25.7 billion ($3.7 billion), and an overall revenue rise of 6.1% to RMB 30.6 billion ($4.4 billion).

The company's online game operations accounted for 97.5% of the net revenue in this segment, consistent with last year's figures.

There was a notable increase in sales from NetEase's self-developed games, such as Fantasy Westward Journey, Where Winds Meet, Identity V, Eggy Party, and Sword of Justice. This growth is attributed to ongoing content updates and gameplay innovations.

NetEase has also expanded the international release of Where Winds Meet and Marvel Rivals, while sustaining operations for Blizzard titles in China with localized content updates.

According to William Ding, NetEase CEO and director, "For the first quarter of 2026, we delivered another solid quarter across our established gaming portfolio, while continuing to make steady progress advancing our pipeline of new titles."

He added that the recent global launches have showcased significant cross-market appeal, enhancing the implementation of their international growth strategy.

Ding further mentioned, "Looking ahead, we will continue to strengthen our technological capabilities and focus on innovation across both content and development."

Ding concluded by emphasizing their intention to merge evolving technologies with their operational expertise to create outstanding content and experiences that surpass players’ expectations, targeting an even broader international audience.

Meanwhile, in March, NetEase announced its decision to cease funding for Gang of Dragon developer Nagoshi Studio. Details regarding the rationale or exit terms were not disclosed.

According to Bloomberg, the company decided to withdraw funding after concluding that completing Nagoshi Studio's debut game would require an additional ¥7 billion ($44.4 million).