NetEase Cloud Music Inc. (Stock Code: 9899) reported revenue of RMB7,759.45 million for the year ended 31 December 2025, down 2.4% year-on-year. Gross profit reached RMB2,769.59 million, an increase of 3.3%. Operating profit jumped 38.5% to RMB1,621.95 million, and profit before income tax stood at RMB2,067.74 million, up 31.7%.

Net profit surged 75.4% year-on-year to RMB2,745.83 million. The increase was partly attributed to a deferred income tax credit arising predominantly from recognized deferred tax assets relating to prior cumulative tax losses. Adjusted net profit, excluding equity-settled share-based payments, was RMB2,860.01 million, representing a 68.2% rise.

Online music services revenue increased 12.0% to RMB5,994.44 million, driven by broader subscription-based memberships, which grew 13.3% in revenue terms. Social entertainment services and others recorded RMB1,765.01 million, reflecting a more prudent operational strategy in that segment. Meanwhile, gross margin improved from 33.7% to 35.7%, aided by content cost optimization and disciplined spending.

The announcement highlighted diverse music offerings and an expanding community ecosystem, boosted by partnerships with labels and independent artists. As of 31 December 2025, the company’s cash and cash equivalents stood at RMB3.1 billion. No final dividend was recommended.