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The latest announcement is out from Cloud Music Inc. ( (HK:9899) ).
NetEase Cloud Music Inc. reported a decrease in net revenues for the first quarter of 2025, with figures reaching RMB1.9 billion (US$256.1 million), marking an 8.4% decline compared to the same quarter in 2024. This decline was primarily attributed to reduced revenues from its social entertainment services, impacting the company’s financial performance and potentially affecting its market positioning.
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 streaming industry, providing a platform for music streaming and social entertainment services. It is a subsidiary of NetEase, Inc., a company listed on both the Nasdaq and the Hong Kong Stock Exchange.
Average Trading Volume: 792,157
Technical Sentiment Signal: Buy
Current Market Cap: HK$39.07B
For an in-depth examination of 9899 stock, go to TipRanks’ Stock Analysis page.