Cloud music inc. reports first half 2024 financial results

Hangzhou, china , aug. 22, 2024 /prnewswire/ -- cloud music inc. (hkex: 9899, "netease cloud music" or the "company"), a leading interactive music streaming service provider in china, today announced its financial results for the first half of 2024 ended june 30, 2024. summary of key financial metrics  (rmb in thousands, unless otherwise stated) six months ended 30 june 2024 2023 (unaudited) (unaudited) revenue 4,070,493 3,908,380 gross profit 1,425,731 965,147 profit before income tax 813,578 311,961 profit for the period 809,949 293,750 non-ifrs measure: adjusted net profit (1) 880,749 331,893 first half 2024 k ey financial highlights revenue was rmb4.1 billion, an increase of 4.1% compared with rmb3.9 billion for the same period of 2023.
NTES Ratings Summary
NTES Quant Ranking