Netease Cloud Music FY26 H1 net profit drops 57% to RMB 809.24 million; revenue rises 3.4% to RMB 3.96 billion

• Netease Cloud Music posted revenue of RMB 3.96 billion, up 3.4% year over year.
• IFRS profit attributable to equity holders fell 57% to RMB 809.24 million; basic EPS slid to RMB 3.87.
• Operating profit dropped 11.6% to RMB 746.23 million, due to higher promotion and advertising spending for brand and user acquisition.
• Non-IFRS adjusted net profit declined 55.8% to RMB 859.66 million, reflecting a deferred tax credit recorded in the prior-year period.
• Online music services revenue rose 3.4% to RMB 3.07 billion, led by membership subscriptions revenue of RMB 2.6 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Netease Cloud Music Inc. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260820-12292050), on August 20, 2026, and is solely responsible for the information contained therein.