---
title: "NetEase Cloud Music: Revenue and user engagement rose, but net profit fell sharply due to one-off tax effects"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296462832.md"
description: "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."
datetime: "2026-08-20T09:05:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296462832.md)
  - [en](https://longbridge.com/en/news/296462832.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296462832.md)
generator: "portal-rs"
---

# NetEase Cloud Music: Revenue and user engagement rose, but net profit fell sharply due to one-off tax effects

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

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**