December 1, 2022

NetEase Cloud Music revenues attain $331m in Q3, up 22.5%

NetEase Cloud Music revenues reach 331m in Q3 up 225

NetEase Cloud Music revenues reach 331m in Q3 up 225

NetEase Cloud Music, China’s second largest music streaming supplier, posted a 22.5% year-over-year soar in income within the third quarter, which the corporate attributed to the continued development in its paying person base.

Income within the three months ended September 30 reached RMB 2.36 billion (approx. $331 million), up from RMB 1.92bn within the year-ago interval and from RMB 2.19bn within the second quarter of the yr.

The figures had been disclosed by Cloud Music’s majority shareholder NetEase final week…

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