Investor Presentaiton
Diverse Revenue Streams and Healthier Revenue Mix
Robust online music revenue performance
Total Revenues
(RMB mm)
58%
Subscription as a key growth driver
ZE
Online Music Revenues
(RMB mm)
4,553
4,249
3,559
69%
3,430
3,501
1,360
1,359
2,878
903
1,208
1,181
771
50%
48%
3,193
2,890
2,598
2,107
2,249
2,351
47%
42%
7,425
7,365
7,286
7,004
2Q22
3Q22
4Q22
1Q23
2Q23
3Q23
6,905
6,569
Subscription
Non-subscription
3,037
3,935
3,866
2,016
3,503
4,027
4,553
4,249
3,430
3,559
3,501
2,878
17.3%
16.7%
15.9%
14.7%
13.8%
13.3%
10.3
9.7
9.2
8.8
8.9
8.5
2Q22
3Q22
4Q22
1Q23
2Q23
3Q23
2Q22
3Q22
Social entertainment services and others
Online music services
Online music services as % of total revenues
4Q22
Online music ARPPU (RMB)
1Q23
2Q23
-Paying ratio
3Q23
16View entire presentation