NetEase Cloud Music Reports 8.4% Drop in Q1 2025 Revenues to RMB 1.9 Billion

Reuters

05-15

NetEase Cloud Music Reports 8.4% Drop in Q1 2025 Revenues to RMB 1.9 Billion

NetEase Cloud Music Inc. reported its financial results for the first quarter ended March 31, 2025. The company recorded net revenues of RMB1.9 billion (US$256.1 million), marking a decrease of 8.4% compared to the same quarter in 2024. This year-over-year decline was primarily attributed to reduced net revenues from its social entertainment services. The financial results presented are preliminary and based on management's initial assessment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Netease Cloud Music Inc. published the original content used to generate this news brief on May 15, 2025, and is solely responsible for the information contained therein.

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