NetEase Cloud Music Posts Double-Digit Q3 Revenue Increase As Gross Profit Cracks $46 Million

NetEase Cloud Music generated CNY 2.36 billion (currently $328.89 million) during Q3 2022, according to a newly released earnings report, representing a more than 22 percent year-over-year (YoY) increase. The China-based music streaming platform’s Q3 2022 showing just recently came to light in an earnings report from the overarching NetEase (NASDAQ: NTES). For reference, NetEase’s […]

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Written by Digital Music News