NetEase Cloud Music Inc. (HKG:9899)
Hong Kong flag Hong Kong · Delayed Price · Currency is HKD
150.50
+3.10 (2.10%)
Mar 10, 2026, 10:35 AM HKT

NetEase Cloud Music Income Statement

Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 2020 - 2018
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 2020 - 2018
Revenue
7,7597,9507,8678,9926,998
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Revenue Growth (YoY)
-2.40%1.06%-12.51%28.50%42.93%
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Cost of Revenue
4,9905,2695,7647,6996,855
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Gross Profit
2,7702,6822,1031,293142.67
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Selling, General & Admin
585.34796.18923.34806.28695.53
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Research & Development
761.6779.66868.71,011869.15
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Other Operating Expenses
-188.69-32.6-21.59-145.53-71.49
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Operating Expenses
1,1581,5431,7701,6721,493
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Operating Income
1,6111,138332.22-378.69-1,351
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Interest Expense
-0.19-0.24-0.32-0.35-
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Interest & Investment Income
445.88406.19437.88183.1148.42
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Earnings From Equity Investments
0.1-6.54-0.06-2.722.33
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Currency Exchange Gain (Loss)
-1.99-2.4-2.045-3.86
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EBT Excluding Unusual Items
2,0551,535767.68-193.65-1,304
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Gain (Loss) on Sale of Investments
12.634.98--10.837.44
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Other Unusual Items
-----755.24
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Pretax Income
2,0681,570767.68-204.48-2,051
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Income Tax Expense
-678.094.8933.517.024.67
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Earnings From Continuing Operations
2,7461,565734.18-221.49-2,056
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Minority Interest in Earnings
2.38-3.86---
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Net Income
2,7481,562734.18-221.49-2,056
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Net Income to Common
2,7481,562734.18-221.49-2,056
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Net Income Growth
76.00%112.69%---
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Shares Outstanding (Basic)
211209210209129
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Shares Outstanding (Diluted)
214211212209129
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Shares Change (YoY)
1.18%-0.36%1.36%61.80%5.98%
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EPS (Basic)
13.027.483.49-1.06-15.92
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EPS (Diluted)
12.877.403.47-1.06-15.92
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EPS Growth
73.92%113.26%---
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Free Cash Flow
-1,771183.511,817-947.91
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Free Cash Flow Per Share
-8.390.878.69-7.34
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Gross Margin
35.69%33.73%26.73%14.38%2.04%
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Operating Margin
20.77%14.32%4.22%-4.21%-19.30%
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Profit Margin
35.42%19.64%9.33%-2.46%-29.38%
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Free Cash Flow Margin
-22.27%2.33%20.20%-13.55%
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EBITDA
1,6261,153348.7-356.13-1,335
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EBITDA Margin
20.96%14.51%4.43%-3.96%-19.09%
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D&A For EBITDA
14.9114.9116.4722.5615.04
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EBIT
1,6111,138332.22-378.69-1,351
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EBIT Margin
20.77%14.32%4.22%-4.21%-19.30%
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Effective Tax Rate
-0.31%4.36%--
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Advertising Expenses
295.67519.76688.31563.47-
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Source: S&P Capital IQ. Standard template. Financial Sources.