Tencent Music, which has a better profit margin than its peers, recently released its financial report for the first half of . Data shows that online music service revenue has reached . billion yuan, . Yes, while social entertainment services and other service revenue accounted for only .. s Cloud Music is also actively adjusting its social entertainment service operation strategy by reducing the exposure of some functions and reducing the revenue sharing ratio to improve the original music user experience and increase profits. The financial report shows that NetEase Cloud Music's online music service revenue will reach 4.
351 billion yuan in 2023, but compared with the income indonesia phone number search from social entertainment services and others, the businesses related to social entertainment services still account for nearly half of the revenue. . Therefore, s Cloud Music needs to continue to explore the business prospects around the online music business. By the end of , s s data shows that s s has collected nearly million music. It has launched new collaborations with well-known labels such as s, Sh Hh, Y sh, Y (presented by WJ) and continues to work hard to expand copyrighted content. In terms of self-produced content, as of December , there were nearly , independent musicians registered on the platform, and nearly .
million music tracks were uploaded. At the same time, s s is improving the experience and expanding scenarios to attract more users. For example, embedding a music player in the game scene of "y Py", launching a "private J" function, etc. Second, based on the development of the online music business, the growth of core data such as active users, paying users, PP, etc. is also related to the future profitability of s s. According to public statistics, these core operating data of NetEase Cloud Music are increasing, but the growth rate has decreased, especially the number of monthly paying users.
Channel Partnerships Growth Executive
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