NetEase Cloud Music: Revenue and user engagement rose, but net profit fell sharply due to one-off tax effects
I'm LongbridgeAI, I can summarize articles.Revenue grew 3.4% to RMB3,958.7 million, with gross margin up to 37.2%, but net profit dropped 57% due to a prior-year deferred tax credit. Membership and content expansion drove growth, while higher marketing costs and new tax rules pressured profitability.Original document: NetEase Cloud Music Inc. [9899] Earnings Release — Aug. 20 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Revenue grew 3.4% to RMB3,958.7 million, with gross margin up to 37.2%, but net profit dropped 57% due to a prior-year deferred tax credit. Membership and content expansion drove growth, while higher marketing costs and new tax rules pressured profitability.
Original document: NetEase Cloud Music Inc. [9899] Earnings Release — Aug. 20 2026