Kuke Music Holding Limited (KUKE) Reports Q1 Loss of $0.08 on Revenues of $1.7M

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Go back to Kuke Music Holding Limited (KUKE) Reports Q1 Loss of $0.08 on Revenues of $1.7M

Kuke Music Holding Limited Reports First Quarter 2021 Unaudited Financial Results

May 20, 2021 4:30 PM EDT

BEIJING, May 20, 2021 /PRNewswire / -- Kuke Music Holding Limited ("Kuke" or the "Company")(NYSE: KUKE), a leading provider of classical music licensing, subscription, and education services in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.

First Quarter 2021 Highlights

Total revenue increased by 85.0% to RMB11.4 million (US$1.7 million) from RMB6.2 million in the same period of 2020. Smart music education revenue increased by 786.9% to RMB6.8 million (US$1.0 million) from RMB0.8 million in the same period of 2020. Licensing and subscription revenue... More