EBITDA Margin % is calculated as EBITDA divided by its Revenue. NetEase Cloud Music's EBITDA for the
six
months ended in Dec. 2025 was HK$1,104 Mil. NetEase Cloud Music's Revenue for the
six
months ended in Dec. 2025 was HK$4,344 Mil. Therefore, NetEase Cloud Music's EBITDA margin for the quarter that ended in Dec. 2025 was 25.42%.
NetEase Cloud Music (HKSE:09899) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
NetEase Cloud Music EBITDA Margin % Related Terms
NetEase Cloud Music EBITDA Margin % Historical Data
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The historical data trend for NetEase Cloud Music's EBITDA Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HKSE:09899 vs GOOGL, META, SPOT: EBITDA Margin % Comparison
For the Internet Content & Information subindustry, NetEase Cloud Music's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NetEase Cloud Music EBITDA Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase Cloud Music's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where NetEase Cloud Music's EBITDA Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NetEase Cloud Music (HKSE:09899) has a EBITDA Margin % of 25.42% as of Dec. 2025. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on NetEase Cloud Music and its competitors. According to the industry distribution chart, NetEase Cloud Music ranks #114 out of 552 companies in the Interactive Media industry, placing it in the top 20.7%.
Is NetEase Cloud Music's EBITDA Margin % too high?
NetEase Cloud Music's current EBITDA Margin % is 25.42%. The Interactive Media industry median EBITDA Margin % is 8.56. NetEase Cloud Music's value of 25.42% is 197% above this industry median. Based on the distribution chart, NetEase Cloud Music ranks #114 out of 552 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, NetEase Cloud Music has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NetEase Cloud Music's EBITDA Margin % compare to GOOGL and META?
According to the Interactive Media industry distribution chart, NetEase Cloud Music ranks #114 out of 552 companies for EBITDA Margin %. This places NetEase Cloud Music in the top 21% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 8.56. NetEase Cloud Music's value of 25.42% is 197% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for an Interactive Media company?
The median EBITDA Margin % among Interactive Media companies is 8.56, based on 552 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NetEase Cloud Music's current EBITDA Margin % of 25.42% is 197% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on NetEase Cloud Music and its competitors. For the Interactive Media industry, the median EBITDA Margin % is 8.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetEase Cloud Music's current EBITDA Margin % is 25.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase Cloud Music stock overvalued right now?
Based on GuruFocus' analysis, NetEase Cloud Music (HKSE:09899) is currently considered Fairly Valued. The stock's GF Value™ is HK$106.86, compared to a current price of HK$102.90 — trading 3.7% below its estimated fair value. The current EBITDA Margin % is 25.42% and 197% above the Interactive Media industry median of 8.56. NetEase Cloud Music's overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For NetEase Cloud Music (HKSE:09899), the current EBITDA Margin % is 25.42% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NetEase Cloud Music (HKSE:09899) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase Cloud Music stock appears to be undervalued.
The current stock price of HK$102.90 is trading 3.7% below its estimated GF Value™ of HK$106.86.
GuruFocus considers NetEase Cloud Music to be Fairly Valued.
Key valuation signals for HKSE:09899:
EBITDA Margin %: 25.42%
GF Value™: HK$106.86 vs. price of HK$102.90 (3.7% below fair value)
Industry Position: 197% above the Interactive Media median (#114 of 552)
No single metric tells the full story. See the HKSE:09899 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 353 Benjing Avenue, Room 1201, Block A, Hangzhou International Expo Center, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
NetEase Cloud Music is China's second-largest music streaming platform, founded in 2013 as a subsidiary of NetEase. NetEase remains the controlling shareholder with a 59.4% stake. The company is headquartered in Hangzhou.The platform's business model revolves around a core music streaming service sold on a subscription basis, paired with a live streaming service where users purchase virtual items and gift them to performers.
74GF Score
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