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NetEase, Inc.

NTESNasdaqServices-Prepackaged SoftwareAlso trades as NETTF
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 15, 2026Score 8/30
$115.49+1.85 (+1.63%)

Close on Nov 2, 2026Market cap $73.73BP/E 14.7Yield –

NetEase NetEase Cloud Music by Quarter

NetEase Cloud Music — Research and development expenses (RMB M) ($M)

QuarterlyAnnual

NetEase NetEase Cloud Music: $343M in Q2 2026, down 4.3% from a year earlier. That is the lowest of the 11 quarters on record here.

Latest, Q2 2026
343
Period ended Jun 30, 2026
Change on a year earlier
-4.3%
358 in Q2 2025
History
11 quarters
Since Q2 2021
Sources
5
Documents cited below

Where the Q2 2026 figure comes from

“NetEase Cloud Music (9899.HK) 1H 2026 Results — Research and development expenses for the six months ended June 30, 2026: RMB342.842 million.”

Source: NetEase Cloud Music (9899.HK) 1H 2026 Interim Results & Interim Report ↗

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedNetEase Cloud Music — Research and development expenses (RMB M) ($M)Year on yearSource
Q2 2026Jun 30, 2026343-4.3%NetEase Cloud Music (9899.HK) 1H 2026 Interim Results & Interim Report ↗
Q4 2025Dec 31, 2025356-3.7%NetEase Cloud Music (9899.HK) 2025 Annual Report (incl. ESG Report) ↗
Q2 2025Jun 30, 2025358-11.8%NetEase Cloud Music (9899.HK) 1H 2026 Interim Results & Interim Report ↗
Q4 2024Dec 31, 2024369-12.3%NetEase Cloud Music (9899.HK) 2025 Annual Report (incl. ESG Report) ↗
Q2 2024Jun 30, 2024406-11.3%NetEase Cloud Music (9899.HK) 2025 Annual Report (incl. ESG Report) ↗
Q4 2023Dec 31, 2023421-17.7%NetEase Cloud Music (9899.HK) 2024 Annual Report (incl. ESG Report) ↗
Q2 2023Jun 30, 2023458-8.9%NetEase Cloud Music (9899.HK) 2024 Annual Report (incl. ESG Report) ↗
Q4 2022Dec 31, 2022512+3.9%NetEase Cloud Music (9899.HK) 2023 Annual Results & Interim Results ↗
Q2 2022Jun 30, 2022502+20.4%NetEase Cloud Music (9899.HK) 2023 Annual Results & Interim Results ↗
Q4 2021Dec 31, 2021493–NetEase Cloud Music (9899.HK) 2022 Annual Results & Interim Results ↗
Q2 2021Jun 30, 2021417–NetEase Cloud Music (9899.HK) 2022 Annual Results & Interim Results ↗

Cite this data

StockData. (2026). NetEase NetEase Cloud Music ($M), quarterly Q2 2021–Q2 2026 [Data set]. Compiled from NetEase SEC filings and investor materials. https://stockdatahq.com/stocks/ntes/kpis/cm-rd-exp

See every metric in the NetEase KPI table. Data updated Nov 2, 2026.