How did KUKE Music's revenue and expenses shift in Q2 2024?
5/9/2025 03:30am
**Kuke Music's Revenue Shift in Q2 2024**:
1. **Revenue by Business Segments**: Kuke Music's revenue was primarily driven by its Licensing and Subscription segment, generating $8.06 million in Q2 2024. This was complemented by the Smart Music Education segment, which contributed $554,684.06 to the overall revenue.
2. **Revenue by Region**: There was no available data on Kuke Music's revenue by region in Q2 2024.
3. **Strategic Developments**: Kuke Music's entry into the AI music field and its partnership with Jidou are expected to bring new revenue streams. The integration of AI music technology into automobiles and the development of AI music-related features on Kuke's apps signify innovative growth opportunities.
**Kuke Music's Expense Shift in Q2 2024**:
1. **Investment in AI Technology**: Kuke Music's significant investment in AI music research and development, as well as the formation of a professional AI team, indicates a shift towards technological innovation. This investment is likely reflected in the company's expenses during the quarter.
2. **Acquisition of Naxos Subsidiaries**: The announced acquisition of majority stakes in two subsidiaries of Naxos One suggests a strategic expansion that could have led to increased expenses related to due diligence, legal agreements, and integrating the acquired businesses into Kuke's operations.
In conclusion, Kuke Music's revenue in Q2 2024 was predominantly derived from its Licensing and Subscription and Smart Music Education segments. The company's expenses likely increased due to investments in AI technology and acquisitions, which are strategic moves to enhance its market position and expand its service offerings.