NetEase, Inc.
NTESNasdaqServices-Prepackaged SoftwareAlso trades as NETTF
$115.49+1.85 (+1.63%)
Close on Nov 2, 2026Market cap $73.73BP/E 14.7Yield –
NetEase NetEase Cloud Music — Cost of revenues (RMB M) by Year
NetEase Cloud Music — Cost of revenues (RMB M) ($M)
NetEase NetEase Cloud Music — Cost of revenues (RMB M): $4,990M in 2025, down 5.3% from a year earlier.
Latest, 2025
4,990
Period ended Dec 31, 2025
Change on a year earlier
-5.3%
5,269 in 2024
History
7 years
Since 2019
Sources
6
Documents cited below
Where the 2025 figure comes from
“|| NetEase Cloud Music | (1,279,951 | ) | (1,269,289 | ) | (1,285,937 | ) | (183,887 | ) | (5,268,634 | ) | (4,989,858 | ) | (713,540 | )”
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | NetEase Cloud Music — Cost of revenues (RMB M) ($M) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 4,990 | -5.3% | NTES Form 6-K (Q4 2025 Earnings Release) ↗ |
| 2024 | Dec 31, 2024 | 5,269 | -8.6% | NTES Form 6-K (Q4 2025 Earnings Release) ↗ |
| 2023 | Dec 31, 2023 | 5,764 | -25.1% | NTES Form 6-K (Q4 2024 Earnings Release) ↗ |
| 2022 | Dec 31, 2022 | 7,699 | +12.3% | NTES Form 6-K (Q4 2023 Earnings Release) ↗ |
| 2021 | Dec 31, 2021 | 6,855 | +24.8% | NTES Form 6-K (Q4 2022 Earnings Release) ↗ |
| 2020 | Dec 31, 2020 | 5,491 | +62.7% | NTES Form 6-K (Q4 2021 Earnings Release) ↗ |
| 2019 | Dec 31, 2019 | 3,375 | – | NetEase (NTES) 20-F, filed 2022-04-28 (financial database) ↗ |
Cite this data
StockData. (2026). NetEase NetEase Cloud Music — Cost of revenues (RMB M) ($M), annual 2019–2025 [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.