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Cloud Music Inc. ( (HK:9899) ) just unveiled an announcement.
NetEase Cloud Music, a subsidiary of NetEase, reported a slight decline in net revenues for the third quarter of 2025, amounting to RMB2.0 billion, a 1.8% decrease from the same period in 2024. Despite the revenue dip, the company’s gross profit remained relatively stable, indicating effective cost management. The financial results, prepared under U.S. GAAP, differ from the IFRS standards used by Cloud Music Inc., highlighting the importance of cautious interpretation by investors.
The most recent analyst rating on (HK:9899) stock is a Hold with a HK$224.00 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.
Cloud Music Inc., a subsidiary of NetEase, operates in the digital music streaming industry, providing a platform for music streaming services. The company focuses on delivering a wide range of music content to users, leveraging its parent company’s extensive resources and market presence.
Average Trading Volume: 875,143
Technical Sentiment Signal: Sell
Current Market Cap: HK$41.51B
For an in-depth examination of 9899 stock, go to TipRanks’ Overview page.