Customer Development Success Manager

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rifattryout18
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Joined: Wed Dec 18, 2024 3:15 am

Customer Development Success Manager

Post by rifattryout18 »

Based on this growth rate, it can be inferred that the growth of its online music business will not be very fast in the future. On May 23 this year, s released its first-quarter financial results for 2024. The data shows that cloud music has an annual growth rate of . billion yuan, and the growth rate was relatively limited. In addition, s cloud music is also facing considerable competitive pressure. Within the industry, s, Spy, and pp s are all carving out the market. In particular, s and Spy are much larger than s in terms of size.



But in terms of profitability, Spy is not stable enough. Although its total indonesia phone number search revenue is . billion euros, it will not make a profit. The financial report for the second quarter of this year showed that total revenue reached 3. 807 billion euros and profit reached 274 million euros. s's profitability has always been at the forefront of the industry. In contrast, s Cloud Music, which has recently achieved profitability, still has a long way to go before catching up. In the pan-entertainment industry, the rise of short video platforms such as y and Ksh has had a significant impact on the entire music streaming industry.

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However, s Cloud Music is not without its advantages. The good community environment accumulated over a long period of time is its unique label and assets, which is matched by high user stickiness and the trust of original musicians. Many original musicians have already expressed their willingness to publish their works on s Cloud Music. In all,The online music business is not a business that can be opportunistic. It also tests the stability of the platform in terms of continuous optimization of content and user experience, as well as commercialization capabilities. Although this technical bug did not bring a fatal blow to s Cloud Music, it also sounded a wake-up call.
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