For Net Ease Cloud Music, two major events have bulk sms service occurred recently. Reached a new strategic cooperation with Universal Music Group, and incorporated the music library of a group of top domestic and foreign musicians such as Jacky Cheung, Eason Chan, Taylor Swift, Ariana Grande and other top musicians under Universal into the music map. Net Ease executives revealed in the conference call interpreting the second quarter financial report that Net Ease Cloud Music achieved a year-on-year triple-digit revenue growth in the first quarter; thanks to the bulk sms service rapid growth of Net Ease Cloud Music revenue, innovation and other business net income 3.73 billion yuan, a year-on-year increase of 38.7%, and gross profit margin increased to 18.5%. It seems that the public ridicule of the negative energy on the platform in the previous stage has passed, and everything is developing in a positive direction.
However, some people in the industry have bulk sms service found problems when interpreting the relevant reports of the above-mentioned incidents. First of all, in the cooperation with Universal Music, some people pointed out that this cooperation will not expand the music library resources of Net Ease Cloud Music; it has already owned the copyright resources of Universal Music through Tencent's sublicense, so this cooperation is only to obtain bulk sms service copyright. There have been changes in the channels of the music, and the content is not substantial. Moreover, the cooperation period between the two parties is only one year, and the risk of the music library becoming gray when the cooperation expires still exists. Net Ease Cloud Music's Limitations and Beyond Limits Secondly,
In the interpretation of the second quarter bulk sms service financial report by Net Ease executives, the key data such as the monthly activity and paying users of Net Ease Cloud Music have not been announced; although Net Ease has always been like this, it can be seen from the comparison of past data that Net Ease Cloud Music has a clear downward trend. . In the fourth quarter of 2019, the gross profit margin of innovation and other businesses including Net Ease Cloud Music was still 20.6%, while its gross profit margin fell to 18.5% in the second quarter of bulk sms service this year. Corresponding to the downward trend in finance, there is no doubt that users on the Internet are criticizing and criticizing. It seems that the disappointment of the villagers in Yun cun about copyright has never ceased, and this year has increased the condemnation of the increasingly depressed community culture... , users flee, and the downward trend of Net Ease Cloud Music seems reasonable;