NetEase Cloud Music saw ‘triple-digit revenue growth’ in Q2
Posted on: 17 août 2020, by : Stuart Dredge

Chinese technology firm NetEase published its latest financial results last week, with no new figures for its NetEase Cloud Music streaming service. However, the service was mentioned in the subsequent earnings call with analysts.
“For NetEase Cloud Music, we continued to see triple-digit revenue growth in the second quarter year over year, with both membership and live streaming striking new highs,” said chief financial officer Charles Yang.
That revenue total wasn’t quantified, but NetEase Cloud Music sits within NetEase’s ‘innovative businesses and others’ category in its financials, which saw revenues grow by 39% year-on-year to RMB 3.7bn ($533.4m) last quarter.
The post NetEase Cloud Music saw ‘triple-digit revenue growth’ in Q2 appeared first on Music Ally.
Source: Music ally

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