Netease cloud music inc. reports fiscal year 2024 financial results

Hangzhou, china , feb. 20, 2025 /prnewswire/ -- netease cloud music inc. (hkex: 9899 or the "company"), a leading interactive music streaming service provider in china, today announced its financial results for the fiscal year 2024 ended december 31, 2024. summary of key financial metrics  (rmb in thousands, unless otherwise stated) year ended 31 december 2024 2023 (unaudited) (unaudited) revenue 7,950,146 7,866,992 gross profit 2,681,512 2,102,670 profit before income tax 1,570,255 767,679 profit for the period 1,565,369 734,182 non-ifrs measure: adjusted net profit (1) 1,700,078 818,500 fiscal year 2024 k ey financial highlights revenue was rmb8.0 billion, an increase of 1.1% compared with rmb7.9 billion in 2023.
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