NetEase Cloud Music Records Higher Gross Profit, Net Revenue for Q3

MT Newswires Live
2024-11-14

NetEase Cloud Music (HKG:9899) recorded a gross profit of 655.2 million yuan for the three months ended Sept. 30, higher than 536.5 million yuan logged for the same period last year, a Thursday Hong Kong bourse filing said.

The company booked net revenues of about 2.00 billion yuan for the reporting period, 1.3% higher than 1.97 billion yuan recorded a year ago.

For the nine months ended Sept. 30, the company's gross profit came in at 2.08 billion yuan and its net revenues at 6.07 billion yuan.

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