Gross margin soared to 14.4% in 2022, compared with 2.0% in 2021, owing to our increased business scale and copyright cost structure optimization as the industry tailwinds featuring more reasonable copyright fees and payment settlement mechanisms.
The improvement is mainly attributable to the effects of increased scale and cost optimization. We have also managed to considerably improve profitability in 2022. Monthly ARPPU of online music services also began to recover in the second half of 2022, aided by our pricing optimization initiatives and broadened membership privileges. Our high-quality user community, ongoing content enhancements, and innovative features supported the increase of our paying ratio, which climbed to 20.2% in 2022, up from 15.8% in 2021. Despite a more challenging industry and macro environment, our total revenues in 2022 grew 28.5% year-over-year, led by increases across our subscription-based memberships (via subscriber scale-up) and social entertainment services. We have worked diligently to strengthen our monetisation capabilities throughout 2022. A remarkable example is our recently announced partnership with B’in Music, which expands our leading content library with some of most influential C-pop music. We will further explore cooperations with record labels to round out our content offerings in 2023. Paired with our stronghold in fostering a leading independent artists ecosystem and enhancements to our in-house music production, we have developed a comprehensive and differentiated content ecosystem that encourages user stickiness, as well as users’ willingness to subscribe to our diverse premium offerings. We continued to secure more high-quality content in 2022, with a focus on better investment efficiency. Meanwhile, our DAU/MAU ratio (daily active user/monthly active user ratio) stayed well above 30%, demonstrating our ability to foster continued growth across our leading music-inspired community. The growth was supported by our continued effort to create a better user experience and broader music listening scenarios. Along with our optimized operating efficiency and cost structure, we considerably narrowed our net loss in 2022 year-over-year.ĭespite the industry-wide slowdown, our MAUs of online music services for 2022 still steadily climbed to 189.4 million, up 4% year-over-year. The success of these initiatives strengthened our commercialization capabilities. We brought our users innovative features and expansive content, grew our differentiated community and elevated our content ecosystem. Throughout 2022, we enhanced our music-inspired offerings. (1) Adjusted net loss is defined as loss for the year adjusted by adding back equity-settled share-based payments and changes in fair value of convertible redeemable preferred shares. Adjusted net loss was RMB0.1 billion, narrowed by 89.0% compared with RMB1.0 billion in 2021. Net loss was RMB0.2 billion, narrowed by 89.2% compared with RMB2.1 billion in 2021. Gross margin improved to 14.4% from 2.0% in 2021. Gross profit was RMB1,293.1 million, compared with a gross profit of RMB142.7 million in 2021, as a result of the Company’s significant revenue increase and control over content licensing fees. Monthly ARPPU of social entertainment services was RMB326.0 compared with RMB448.1 in 2021. Monthly paying users of social entertainment services increased to 1,332.3 thousand from 683.3 thousand in 2021. Our vibrant community culture that encourages content creation, as well as our diverse content offerings in social entertainment formats, contributed to the robust growth of our social entertainment business. Revenue from social entertainment services and others was RMB5.3 billion, an increase of 42.8% from RMB3.7 billion in 2021. Social entertainment services and others: Monthly ARPPU (average revenue per paying user) of online music services was RMB6.6 compared with RMB6.7 in 2021. The increase was primarily due to the continued efforts in improving user experience, innovating interactive features and enriching the content offerings. Monthly paying users of online music services expanded to 38.3 million from 28.9 million in 2021. MAUs of online music services grew to 189.4 million from 182.6 million in 2021. The increase was primarily due to the significant growth in revenues from sales of membership subscriptions. Revenue from online music services was RMB3.7 billion, an increase of 12.4% compared with RMB3.3 billion in 2021. Revenue was RMB9.0 billion, an increase of 28.5% compared with RMB7.0 billion in 2021. this.Fiscal Year 2022 Key Financial and Operating Highlights
#Full screen replay netease full
You can also make it to toggle between entering and exiting full screen. Install: npm i Add button/icon which triggers full screen. Also, it supports allowing multiple elements to enter full screen. It supports both class components and hooks/function components.
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