NetEase Cloud Music Inc. reported its financial results for the first quarter ended March 31, 2025. The company recorded net revenues of RMB1.9 billion (US$256.1 million), marking a decrease of 8.4% compared to the same quarter in 2024. This year-over-year decline was primarily attributed to reduced net revenues from its social entertainment services. The financial results presented are preliminary and based on management's initial assessment.
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