Netease Cloud Music's profit ability has significantly improved in the first half of the year, with a year-on-year increase of 165.4% | Financial report sighting
During the reporting period, Netease Cloud Music's online music service revenue grew significantly, with a 25.5% year-on-year increase in subscription revenue. Monthly paying users have steadily increased, and due to the strong commercial performance of the core business, the gross margin increased by 10.3 percentage points to 35.0% year-on-year.
NetEase's Q1 Earnings: Gaming Giant Shows Resilience With Growth in Cash Flow and Cloud Music
Cloud Music Expands K-pop Portfolio With Kakao Entertainment
NetEase Cloud Music Strikes Key Licensing Deal With Kakao Entertainment To Enrich K-Pop Catalog In China
Hong Kong Stock Focus: After the big rebound, is Hang Seng Technology expensive? How about the upcoming quarterly report?
Morgan Stanley pointed out that the current forward price-earnings ratio of the Hengke Index is 13 times, which is the same as the average for the fourth quarter of 2023, and lower than the peak of 20 times in the first three quarters of 2023 and the first quarter of 2023.
Reported Earlier, NetEase Cloud Music Adds Expansive K-Pop Portfolio With JYP Entertainment Agreement