Gdev vs Netease
Netease is the larger business, with $15.67bn of revenue in fiscal 2025 against $404m for Gdev (38.8 times as much). Netease grew faster (7.1% against -3.9%). Netease kept more of each dollar of sales as profit: a net margin of 30.0% against 17.1%.
| Latest fiscal year | GdevGDEV, 2025 | NeteaseNTES, 2025 |
|---|---|---|
| Revenue | $404m | $15.67bn |
| Revenue growth | -3.9% | 7.1% |
| Net income | $69.3m | $4.70bn |
| Operating margin | 17.6% | 31.8% |
| Net margin | 17.1% | 30.0% |
| Return on equity | — | 22.4% |
| Free cash flow | $29.1m | $6.91bn |
| Cash | $62.9m | $6.74bn |
| Total debt | $0 | — |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | 32.3% | 2.6% |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $166m | $74.25bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | — | 86 (Strong) |
| Insider trades, 12 months | 0 buys, 2 sales | 0 buys, 2 sales |