Core Insights - NetEase Cloud Music reported an annual revenue of RMB 7.76 billion for the year ending December 31, 2025, with a slight increase of RMB 881 million compared to the previous year [1] - The gross profit for 2025 reached RMB 2.77 billion, with a gross margin improvement from 33.7% to 35.7% [1] - Operating profit for 2025 was RMB 1.622 billion, representing a year-on-year increase of 38.5% from RMB 1.171 billion in 2024 [1] Revenue Breakdown - Online music service revenue for 2025 was RMB 5.99 billion, showing a year-on-year growth of 12.0% [1] - Membership subscription revenue reached RMB 5.05 billion, with a year-on-year increase of 13.3% [1] User Engagement - The ratio of daily active users to monthly active users remained above 30%, showing steady improvement compared to 2024 [1] - By the end of 2025, the number of original music creators on the platform exceeded 1 million, with over 5.6 million music tracks uploaded [1] Profitability - Net profit for 2025 was RMB 2.746 billion, up from RMB 1.565 billion in 2024 [1] - The company recognized a deferred income tax benefit of RMB 747 million in 2025 [1] - Adjusted net profit for 2025, excluding the impact of equity settlement, was RMB 2.86 billion, compared to RMB 1.7 billion in 2024 [1]
网易云音乐2025年财报发布：营收78亿元 营业利润16亿元