05:52 AM EST, 11/20/2025 (MT Newswires) -- (Updates with additional details in the fifth paragraph and the latest stock movement in the sixth paragraph.)

Netease ( NTES ) reported Q3 non-GAAP net income Thursday of 14.73 Chinese renminbi ($2.07) per diluted American depositary share, up from 11.63 renminbi a year earlier.

Analysts polled by FactSet expected 14.64 renminbi.

Revenue for the quarter ended Sept. 30 was 28.36 billion renminbi, up from 26.21 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 28.83 billion renminbi.

Additionally, the company said it has extended its previously approved stock buyback plan of up to $5 billion of its ADS and ordinary shares by an additional 36 months through Jan. 9, 2029. Netease ( NTES ) has bought $2 billion of its ADS as of Sept. 30.

Shares of the company were 3.3% lower in recent Thursday premarket activity.