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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 — Cost of revenues (RMB M) by Quarter

NetEase Cloud Music — Cost of revenues (RMB M) ($M)

QuarterlyAnnual

NetEase NetEase Cloud Music — Cost of revenues (RMB M): $1,237M in Q2 2026, down 1.7% from a year earlier.

Latest, Q2 2026
1,237
Period ended Jun 30, 2026
Change on a year earlier
-1.7%
1,259 in Q2 2025
History
23 quarters
Since Q4 2020
Sources
19
Documents cited below

Where the Q2 2026 figure comes from

“|| NetEase Cloud Music | (1,258,855 | ) | (1,247,066 | ) | (1,237,231 | ) | (182,345 | ) | (2,434,632 | ) | (2,484,297 | ) | (366,140 | )”

Source: NTES Form 6-K (Q2 2026 Earnings Release) ↗

Quarterly history

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

PeriodEndedNetEase Cloud Music — Cost of revenues (RMB M) ($M)Year on yearSource
Q2 2026Jun 30, 20261,237-1.7%NTES Form 6-K (Q2 2026 Earnings Release) ↗
Q1 2026Mar 31, 20261,247+6.1%NTES Form 6-K (Q2 2026 Earnings Release) ↗
Q4 2025Dec 31, 20251,286+0.5%NTES Form 6-K (Q1 2026 Earnings Release) ↗
Q3 2025Sep 30, 20251,269-5.6%NTES Form 6-K (Q4 2025 Earnings Release) ↗
Q2 2025Jun 30, 20251,259-9.2%NTES Form 6-K (Q2 2026 Earnings Release) ↗
Q1 2025Mar 31, 20251,176-6.6%NTES Form 6-K (Q1 2026 Earnings Release) ↗
Q4 2024Dec 31, 20241,280-7.5%NTES Form 6-K (Q4 2025 Earnings Release) ↗
Q3 2024Sep 30, 20241,344-6.5%NTES Form 6-K (Q3 2025 Earnings Release) ↗
Q2 2024Jun 30, 20241,386-2.6%NTES Form 6-K (Q2 2025 Earnings Release) ↗
Q1 2024Mar 31, 20241,259-17.2%NTES Form 6-K (Q1 2025 Earnings Release) ↗
Q4 2023Dec 31, 20231,385-29.1%NTES Form 6-K (Q4 2024 Earnings Release) ↗
Q3 2023Sep 30, 20231,437-29.0%NTES Form 6-K (Q3 2024 Earnings Release) ↗
Q2 2023Jun 30, 20231,423-25.3%NTES Form 6-K (Q2 2024 Earnings Release) ↗
Q1 2023Mar 31, 20231,520-16.3%NTES Form 6-K (Q1 2024 Earnings Release) ↗
Q4 2022Dec 31, 20221,954+7.8%NTES Form 6-K (Q4 2023 Earnings Release) ↗
Q3 2022Sep 30, 20222,024+7.5%NTES Form 6-K (Q3 2023 Earnings Release) ↗

Cite this data

StockData. (2026). NetEase NetEase Cloud Music — Cost of revenues (RMB M) ($M), quarterly Q4 2020–Q2 2026 [Data set]. Compiled from NetEase SEC filings and investor materials. https://stockdatahq.com/stocks/ntes/kpis/seg-cloud-music-cost

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