NetEase Cloud Music More than Doubles Full-Year Profit

MT Newswires Live
02-20

NetEase Cloud Music (HKG:9899) recorded a rise in attributable profit for the year ended Dec. 31, 2024, to 1.56 billion yuan from 734.2 million yuan in the year-ago period, a Thursday filing posted on the Hong Kong bourse said.

Earnings per share were 7.4 yuan in the year, up from 3.47 yuan in the last fiscal year.

The online music platform's revenue rose by 1.1% to 7.95 billion yuan in the period from 7.87 billion yuan a year prior.

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