NetEase Cost of Revenue 2011-2025 | NTES

Cost of Revenue is a financial metric that reflects all direct costs associated with the production of goods or the provision of services that directly led to revenue during the reporting period. It is the total amount of expenses incurred by the company to deliver its products or services, including both production costs and related expenses necessary for delivery or customer support.

What is included in the cost of revenue

Cost Category	Examples
Production Costs	Materials, wages of production staff, depreciation of equipment
Service and Support	Customer service, user support, technical assistance
Delivery and Logistics	Packaging, delivery of goods to customers
Hosting and Infrastructure	Servers, cloud platforms (especially for IT and SaaS companies)
Content and Licenses	License purchases, production royalties (e.g., in streaming services)

Importance of the Metric

Helps to understand how costly the revenue-generating process is.
A high cost of revenue may indicate:
Poor cost control
Low operational efficiency
A low cost of revenue combined with high revenue indicates high profitability and business competitiveness.

Annual Cost of Revenue NetEase

2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
39.5 B	40.4 B	43.7 B	40.6 B	34.7 B	27.7 B	23.8 B	19.4 B	16.5 B	9.4 B	3.26 B	2.48 B	2.58 B	2.37 B

All numbers in CNY currency

Indicator range from annual reports

Maximum	Minimum	Average
43.7 B	2.37 B	21.9 B

Cost of Revenue of other stocks in the Social internet industry

Issuer	Cost of Revenue	Price	% 24h	Market Cap	Country
Despegar.com, Corp. DESP	208 M	-	-	$ 1.59 B	Argentina
AutoWeb AUTO	51.3 M	-	0.78 %	$ 5.38 M	USA
Lizhi LIZI	1.47 B	-	2.19 %	$ 2.9 B	China
Baidu BIDU	64.3 B	$ 124.69	-2.82 %	$ 42.9 B	China
Luokung Technology Corp. LKCO	5.63 M	-	-46.36 %	$ 1.8 M	China
Cango CANG	629 M	$ 1.3	6.15 %	$ 271 M	-
Booking Holdings BKNG	3.35 B	$ 5 325.47	0.87 %	$ 179 B	USA
Carnival Corporation & plc CCL	15.6 B	$ 27.74	-0.38 %	$ 35.3 B	USA
Airbnb ABNB	1.88 B	$ 128.25	0.2 %	$ 81.1 B	USA
IAC/InterActiveCorp IAC	1.06 B	$ 38.63	1.26 %	$ 3.21 B	USA
DouYu International Holdings Limited DOYU	3.95 B	$ 7.1	2.9 %	$ 219 M	China
Fiverr International Ltd. FVRR	70.6 M	$ 20.76	-0.88 %	$ 768 M	Israel
CarGurus CARG	155 M	$ 38.47	2.53 %	$ 4.02 B	USA
BlueCity Holdings Limited BLCT	728 M	-	1.33 %	$ 56.9 M	China
Points International Ltd. PCOM	319 M	-	1.3 %	$ 360 M	Canada
Qutoutiao QTT	559 M	-	-38.43 %	$ 6.99 M	China
Meta (Facebook) META	30.2 B	$ 645.25	-1.14 %	$ 1.64 T	USA
Yandex N.V. YNDX	360 B	-	-	-	Niderland
JOYY YY	9.51 B	-	-2.53 %	$ 54.4 B	China
ANGI Homeservices ANGI	57.6 M	$ 13.24	-2.76 %	$ 6.62 B	USA
Match Group MTCH	991 M	$ 33.17	-0.05 %	$ 8.63 B	USA
Youdao DAO	2.88 B	$ 9.09	2.36 %	$ 1.07 B	-
Alphabet GOOG	146 B	$ 310.07	-1.16 %	$ 3.82 T	USA
Pinterest PINS	750 M	$ 25.99	-3.31 %	$ 17.6 B	USA
Momo MOMO	6.45 B	$ 6.74	0.91 %	$ 2.49 B	China
Autohome ATHM	1.48 B	$ 24.18	1.34 %	$ 11.7 B	-
36Kr Holdings KRKR	119 M	$ 4.25	-3.19 %	$ 4.48 B	China
iQIYI IQ	27.5 B	$ 1.95	-4.41 %	$ 1.88 B	China
Phoenix New Media Limited FENG	597 M	$ 2.03	0.5 %	$ 24.4 M	China
EverQuote EVER	20.9 M	$ 27.82	0.51 %	$ 974 K	USA
Gaia GAIA	11.6 M	$ 4.03	2.16 %	$ 86.6 M	USA
Expedia Group EXPE	1.52 B	$ 274.68	-2.3 %	$ 41.1 B	USA
Lindblad Expeditions Holdings LIND	322 M	$ 13.82	1.88 %	$ 736 M	USA
Liberty TripAdvisor Holdings LTRPA	119 M	-	-20.83 %	$ 19.8 M	USA
Remark Holdings MARK	3.32 M	-	-15.19 %	$ 4.46 M	USA
DoorDash DASH	5.54 B	$ 227.23	1.2 %	$ 93.5 B	USA
IZEA Worldwide IZEA	21.2 M	$ 4.92	-1.8 %	$ 84 M	USA
MakeMyTrip Limited MMYT	22.2 M	$ 82.4	4.95 %	$ 3.89 B	India
Moxian MOXC	3.34 M	-	-1.96 %	$ 34.2 M	China
Norwegian Cruise Line Holdings Ltd. NCLH	5.69 B	$ 20.85	1.46 %	$ 9.08 B	USA