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Cloud Music Inc. ( (HK:9899) ) just unveiled an announcement.
NetEase Cloud Music Inc. reported its interim results for the six months ending June 30, 2025, showing a 6% decline in revenue compared to the previous year. Despite the revenue drop, the company achieved a significant increase in operating profit by 40.8% and profit before income tax by 31.3%, attributed to a deferred income tax credit and effective cost management. The adjusted net profit also saw a substantial rise of 121%, indicating strong operational performance despite market challenges.
The most recent analyst rating on (HK:9899) stock is a Buy with a HK$110.00 price target. To see the full list of analyst forecasts on Cloud Music Inc. stock, see the HK:9899 Stock Forecast page.
More about Cloud Music Inc.
NetEase Cloud Music Inc. operates in the digital music industry, providing a platform for music streaming services. The company focuses on delivering a diverse music library and user-friendly experience to its audience, primarily targeting the Chinese market.
Average Trading Volume: 1,106,336
Technical Sentiment Signal: Buy
Current Market Cap: HK$54.77B
See more insights into 9899 stock on TipRanks’ Stock Analysis page.