Strong Financial Performance
Total revenues grew 21% year-on-year to RMB 8.5 billion, marking the highest revenue growth since Q1 2021. Online music revenues grew over 27% year-on-year to RMB 7 billion.
Growth in Music Subscriptions
Music subscription revenues grew 70% year-on-year to RMB 4.5 billion, driven by growth in monthly ARPPU and subscriber base. Monthly ARPPU reached RMB 11.9 compared to RMB 10.8 last year.
Expansion in Live Concerts
Hosted 14 additional shows for G-Dragon across 6 cities, drawing over 150,000 attendees. Concert tours and events contributed to a triple-digit year-on-year revenue growth in offline performances.
Innovative Partnerships and Content Expansion
Partnered with Tencent Games for game-related music, Blizzard Entertainment for soundtracks, and expanded anime and K-pop offerings with Japanese and Korean labels.