NetEase Cloud Music posts H1 revenue up 3.4% to RMB 3.96 billion - NTES News | RalliesNetEase Cloud Music posts H1 revenue up 3.4% to RMB 3.96 billion
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NTES• First-half revenue and profit results
- NetEase affiliate NetEase Cloud Music posted first-half 2026 revenue of RMB 3.96 billion, up 3.4% year over year.
- Profit fell to RMB 809.24 million from RMB 1.88 billion; adjusted net profit dropped to RMB 859.66 million from RMB 1.95 billion.
- Operating profit declined to RMB 746.23 million from RMB 844.51 million; gross margin rose to 37.2% from 36.4%.
- Online music services revenue increased to RMB 3.1 billion; membership subscriptions rose to RMB 2.6 billion.
- Social entertainment services and others revenue edged up to RMB 891.3 million from RMB 859.8 million.
