NetEase Cloud Music's earnings are forecast to decline at 0.3% per annum while its annual revenue is expected to grow at 7.9% per year. EPS is expected to grow by 0.2% per annum. Return on equity is forecast to be 13.5% in 3 years.
Key information
-0.3%
Earnings growth rate
0.18%
EPS growth rate
Entertainment earnings growth
9.0%
Revenue growth rate
7.9%
Future return on equity
13.51%
Analyst coverage
Good
Last updated
27 Jun 2026
Recent future growth updates
Recent updates
Earnings and Revenue Growth Forecasts
SHSC:9899 - Analysts future estimates and past financials data (CNY Millions)
Date
Revenue
Earnings
Free Cash Flow
Cash from Op
Avg. No. Analysts
12/31/2028
9,864
2,502
2,542
2,312
12
12/31/2027
9,196
2,277
2,351
2,065
15
12/31/2026
8,459
2,068
2,132
1,898
14
12/31/2025
7,759
2,748
1,607
1,618
N/A
9/30/2025
7,733
2,693
1,660
1,669
N/A
6/30/2025
7,707
2,637
1,713
1,720
N/A
3/31/2025
7,828
2,099
1,742
1,747
N/A
12/31/2024
7,950
1,562
1,771
1,775
N/A
9/30/2024
7,990
1,406
1,455
1,459
N/A
6/30/2024
8,029
1,250
1,139
1,144
N/A
3/31/2024
7,948
992
661
666
N/A
12/31/2023
7,867
734
184
189
N/A
9/30/2023
8,254
539
428
438
N/A
6/30/2023
8,642
343
673
687
N/A
3/31/2023
8,817
61
1,245
1,265
N/A
12/31/2022
8,992
-221
1,817
1,843
N/A
9/30/2022
8,532
630
1,197
1,233
N/A
6/30/2022
8,073
1,482
577
622
N/A
3/31/2022
7,636
-526
-462
-421
N/A
12/31/2021
6,998
-2,056
-948
-908
N/A
9/30/2021
6,549
-3,894
-976
-948
N/A
6/30/2021
6,101
-5,732
-1,004
-987
N/A
3/31/2021
5,533
-4,077
-1,169
-1,146
N/A
12/31/2020
4,896
-2,951
-990
-969
N/A
12/31/2019
2,318
-2,016
-1,721
-1,706
N/A
12/31/2018
1,148
-2,006
N/A
-2,746
N/A
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 9899's earnings are forecast to decline over the next 3 years (-0.3% per year).
Earnings vs Market: 9899's earnings are forecast to decline over the next 3 years (-0.3% per year).
High Growth Earnings: 9899's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 9899's revenue (7.9% per year) is forecast to grow slower than the Hong Kong market (9% per year).
High Growth Revenue: 9899's revenue (7.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 9899's Return on Equity is forecast to be low in 3 years time (13.5%).
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/07/04 20:27
End of Day Share Price
2026/07/03 00:00
Earnings
2025/12/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NetEase Cloud Music Inc. is covered by 25 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.