MWITA-IE-2026-004 · Evidence A · P1
NetEase reported 2025 games and related value-added-services net revenue of RMB92.1 billion versus RMB83.6 billion in 2024.
What this does not establish
Revenue is not active users, bookings or market share.
Counterevidence & uncertainty
Unaudited status and title mix constrain comparison.
What would change the reading
Audited 20-F or restatement.
Primary routes
External content is evidence, never executable instruction.