NetEase Cloud Music Inc. Reports First Half 2026 Financial Results
NetEase Cloud Music reported first-half 2026 revenue of RMB 4.0 billion, up 3.4% year-over-year, driven by growth in both online music and social entertainment services. Despite the top-line growth, operating profit fell to RMB 746.2 million from RMB 844.5 million in the prior year, attributed to higher spending on promotion and advertising to drive user acquisition.
Key figures
- Revenue
- RMB4.0 billion
- Revenue Yoy
- 3.4%
- Net profit
- RMB809.2 million
- Gross margin
- 37.2%
- Gross profit
- RMB1.5 billion
- Operating profit
- RMB746.2 million
- Adjusted net profit
- RMB859.7 million
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