Revenue from Youdao was down 6.7%, NetEase Cloud Music fell 8.4%, and its innovative businesses unit declined 17.6% in Q1. In Q1, total gross profit climbed 8.6% to RMB 18.5B ($2.5B). NetEase ...

NetEase Cloud Music’s revenues were $256.1 million, down 8.4%, and its gross margin declined by 123 bps to 36.7%, primarily due to decreased net revenues from its social entertainment services.