Cloud music inc. reports fiscal year 2023 financial results

Hangzhou, china , feb. 29, 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 fiscal year 2023 ended december 31, 2023. summary of key financial and operating metrics  (rmb in thousands, unless otherwise stated) year ended 31 december 2023 2022       (unaudited) (unaudited) financial metrics revenue 7,866,992 8,992,221 gross profit 2,102,670 1,293,118 profit/(loss) before income tax 767,679 (204,479) profit/(loss) for the year 734,182 (221,494) non-ifrs measure: adjusted net profit/(loss) (1) 818,500 (114,573) operating metrics online music services -maus (million) 205.9 189.4 -monthly paying users (thousand) 44,120.0 38,267.1 -monthly arppu (rmb) 6.9 6.6 social entertainment services -monthly paying users (thousand) 1,602.9 1,332.3 -monthly arppu (rmb) 178.6 326.0 fiscal year 2023  key financial and operating highlights revenue was rmb7.9 billion, a decrease of 12.5% compared with rmb9.0 billion in 2022.
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