XD Network 2025 Annual Result
XD Network officially released its 2025 annual results. In 2025, the company recorded total revenue of RMB 5.764B (โ $0.80B), up 15.0% YoY, and a net profit of RMB 1.657B (โ $0.23B), up 86.0% YoY.
๐ Key Highlights:
- The game business and TapTap platform form the companyโs two core pillars. In 2025, the game business generated RMB 3.796B (โ $0.53B), accounting for 65.9% of total revenue, while the TapTap platform contributed RMB 1.968B (โ $0.27B).
- As of December 31, 2025, XDโs portfolio comprised 22 online games and 45 premium games.
- XD launched the PC version of TapTap and, in early 2026, initiated an invitation-only test for TapTap Maker, with the goal of building a zero-barrier AI game-creation agent.
- Online game revenue rose 8.4% YoY to RMB 3,596.4M (โ $500M) in 2025, driven by Ragnarok M: Classic (ไปๅขๅณ่ชชM๏ผๅๅฟๆ), Heartopia (ๅฟๅๅฐ้ฎ), Torchlight: Infinite (็ซ็ฌไนๅ
๏ผ็ก้), and Etheria: Restart (ไผ็), partially offset by declines in older titles.
- Premium game revenue rose 15.6% YoY to RMB 128.0M (โ $17.8M) in 2025, driven by Heroโs Adventure (ๅคงไฟ ็ซๅฟๅณ), Volcano Princess (็ซๅฑฑ็ๅฅณๅ
) and new launches, partially offset by declines in existing titles.
- In Q4 2025, XD acquired the Torchlight (็ซ็ฌไนๅ
) IP for USD 37.18M, supporting a long-term strategy to enhance Torchlight: Infinite (็ซ็ฌไนๅ
๏ผๆ ้) and develop future titles.
In the coming year, XD will continue investing in R&D, optimize the TapTap ecosystem, deepen overseas expansion, and drive long-term high-quality growth.
๐ Source: https://img.xdcdn.net/xdwp/2026/03/20260327040939234.pdf
