From NASDAQ.: 2025-02-20 05:52:12

NetEase Cloud Music Inc., a Chinese online music platform, saw its net profit for fiscal 2024 increase by 113.2% to RMB1.57 billion compared to RMB734.2 million in the previous year. Adjusted net profit reached RMB1.70 billion, up from RMB818.5 million in 2023. Revenue for the year was RMB7.95 billion, a 1.1% increase from RMB7.87 billion in the prior year. Revenue from online music services increased by 23.1% to RMB5.4 billion, while revenue from membership subscriptions rose to RMB4.5 billion from RMB3.6 billion in 2023. Revenue from social entertainment services and others was RMB2.6 billion, down from RMB3.5 billion in 2023.



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