近日，已故歌手李玟网易云音乐账号被异常登录，引发网友关注。 10月11日，有网友发帖称，自己在使用新办的手机号注册网易云音乐时，收到验证码后自动登录上了李 玟的账号。 登录后，该网友在账号后台看到粉丝们发来的私信。登录界面显示，账号名为"李玟"，拥有26.1万粉 丝、2枚徽章。 对此，网易云音乐客服表示，经核查，问题原因是团队为艺人账号绑定的手机号被运营商二次放号所 致。已第一时间联系新号主进行了相应的处理。 针对二次放号问题，有媒体采访到三家运营商，客服人员均表示，建议用户在销户前对注册的各类APP 主动解绑。 对此,中国电信的客服表示,如果手机欠费或注销90天后,手机号会被二次放号。对于 二次放号的手机有可能登入软件应用的情况,工作人员表示运营商无法查看手机号绑定 的应用,建议用户在更换手机号时自行对各类应用进行解绑。 日 19 58 f 我的上一任号主欠钱短信还一直给我发呢 ~ 甚至 他在哪违停通知短信 7 日 12 10-11 16:02 来自广东 中国移动客服人员表示,一般在用户办理销户两年后,号码都会进行回收和二次售卖。 对于后续使用该号码的用户是否能获知该号码此前所绑定的APP隐私信息，客服表示 ...

根据产业报告，预期腾讯音乐将按计划达成第三季度总营收及非国际财务报告准则盈利预测。按业务板 块划分，维持在线音乐服务与社交娱乐收入预测。音乐订阅业务方面，同时维持第三季净增约130万用 户的预测。另外，预测今年第三季度，腾讯音乐总收入同比增长17%，至82亿元人民币，季度用户 ARPU为11.9元人民币，毛利约35.9亿元人民币，毛利率可达43.8%，主要受惠其他收入更快增长，初步 预测其他收入为22亿元人民币，同比增长35%。 富瑞发布研报称，腾讯音乐-SW(01698)行业最新产业（300832）趋势分析再次印证业务动向，基于每月 iOS收入数据分析各子产业趋势。该行认为，优质增长与SVIP服务是关键，重点领域包括SVIP功能升 级、粉丝经济潜力及线下演唱会发展，对腾讯音乐维持"买入"评级。 ...

上 市 公 司 公 传媒 2025 年 09 月 30 日 网易云音乐 (09899) ——聚焦年轻用户，音乐赛道的成长股—网易云音乐深度 之二 报告原因：强调原有的投资评级 | 买入（维持） | | --- | | 市场数据： | 2025 年 09 月 29 日 | | --- | --- | | 收盘价（港币） | 262.60 | | 恒生中国企业指数 | 9454.12 | | 52 周最高/最低（港币） | 303.40/106.00 | | H 股市值（亿港币） | 572.04 | | 流通 H 股（百万股） | 217.51 | | 汇率（人民币/港币） | 0.9143 | 一年内股价与基准指数对比走势： 资料来源：Bloomberg -3% 497% 09/26 10/26 11/26 12/26 01/26 02/26 03/26 04/26 05/26 06/26 07/26 08/26 09/26 HSCEI 网易云音乐 相关研究 证券分析师 林起贤 A0230519060002 linqx@swsresearch.com 袁伟嘉 A0230519080013 yuanwj@sws ...

（来源：消费保） 从投诉趋势来看，音乐平台的投诉量除了在2023年稍有回落以外，总体呈逐年增长的趋势，投诉主要集中在退款纠纷、自动续费和服务问题。 消费保平台数据显示，QQ音乐、酷狗音乐、汽水音乐等2025年投诉量（截至9月16日）较2024年均出现增长，增长最快的是全民K歌和QQ音乐，增幅分别 为335.54%、208.49%。 据"消费保"微信公众号报道，近期有多名消费保用户投诉称，QQ音乐、网易云、酷狗等音乐App，有借用"自动续费"机制之嫌，用户收到扣款消息才察觉掉 入消费陷阱，维权金额从几块钱到几百元不等，对应的是相关音乐平台的月会员费和年会员费。 （来源：消费保数据研究院） 消费保平台数据显示，2022年至2025年（截至9月16日）消费保累计收到在线音乐App相关投诉13540件，整体投诉解决率为12.49%。其中，几大主流在线音 乐平台（QQ音乐、酷狗音乐、网易云音乐等）累计投诉量为10717件，占投诉总量的近八成，涉及金额超780万元。 从具体案例来看，自动续费的"陷阱"往往藏在细节里。消费保提到的案例显示，今年8月17日，南京的徐女士在QQ音乐平台开通了豪华绿钻服务的自动续费 功能，"开通 ...

Core Viewpoint - Tencent Music Entertainment Group (TME) reported solid growth in its Q2 financial performance, with total revenue increasing by 17.9% year-on-year to 8.44 billion yuan and adjusted net profit rising by 33.0% to 2.64 billion yuan [1] Financial Performance - Total revenue for Q2 reached 8.44 billion yuan, a 17.9% increase year-on-year [1] - Adjusted net profit grew by 33.0% to 2.64 billion yuan [1] - Online music service revenue increased by 26.4% to 6.85 billion yuan [1] - Online music subscription revenue reached 4.38 billion yuan, up 17.1% year-on-year [1] - The number of online music paying users rose to 124.4 million, with ARPPU increasing to 11.7 yuan [1] Industry Context - The growth of TME is supported by the booming digital music industry in China, with expanding online music user base and paid user numbers [4] - TME's online music business is the core engine driving overall performance, leveraging quality content and comprehensive services to tap into consumer potential [4] Content Ecosystem Development - TME is expanding its content ecosystem through diverse collaborations with artists and record companies, including partnerships with Wang Feng and G Nation [5] - The company is enhancing its content co-creation capabilities, collaborating with SM Entertainment and other studios for original content [5] Live Events and Artist Services - TME successfully organized its first international large-scale concert featuring G-DRAGON, attracting over 36,000 attendees [6] - The platform provided opportunities for nearly 100 emerging artists to perform over 300 live shows in the first half of the year [6] User Experience and Platform Services - TME upgraded user experience with features like HiFi sound quality and AI chorus functionality [9] - The company has established deep collaborations with automotive brands to extend music experiences into car environments [9] Strategic Outlook - TME aims to deepen partnerships within the industry and explore new possibilities in the music sector while enhancing user experiences and supporting artist growth [13]

Core Points - NetEase Cloud Music has officially stated that it does not have a "visitor record" feature, ensuring that user interactions such as visiting user or artist profiles do not generate any visitor records [2][5] - The platform emphasizes its commitment to user privacy and security, adhering to principles of "user awareness, user consent, and minimum necessity" in its privacy protection policies [5] - Previous user inquiries about a potential visitor record feature have been noted, with the company indicating that any related functionalities are still under evaluation and not currently available [5]

Core Viewpoint - Daiwa's report indicates that NetEase Cloud Music (09899) is expected to outperform in the first half of 2025, driven by a one-time tax benefit and improved operating profit margins [1] Financial Performance - The company's gross margin for online music services is anticipated to exceed expectations, alongside lower-than-expected marketing expenses [1] - Daiwa has raised its net profit forecasts for the next two years by 117% and 42% respectively [1] Rating and Target Price - Daiwa maintains a "Outperform" rating for NetEase Cloud Music, increasing the target price from 105 HKD to 310 HKD [1] - The new target price corresponds to a 27 times earnings forecast for 2026 [1]

Core Viewpoint - Daiwa's report indicates that NetEase Cloud Music (09899) exceeded profit expectations for the first half of 2025, primarily driven by a one-time tax benefit and improved operating profit margins [1] Group 1: Financial Performance - The company is expected to see a growth in gross margin for online music services, surpassing previous expectations [1] - Daiwa has raised its net profit forecasts for the next two years by 117% and 42% respectively [1] Group 2: Ratings and Price Target - Daiwa maintains a "Outperform" rating for NetEase Cloud Music [1] - The target price has been increased from HKD 105 to HKD 310, which corresponds to a 27 times earnings forecast for 2026 [1]

Core Viewpoint - NetEase Cloud Music's profitability exceeded expectations in the first half of the year, primarily due to a one-time tax benefit and an increase in operating profit margin [2] Revenue Forecast - Daiwa has lowered NetEase Cloud Music's revenue forecasts for the next two years by 11% and 10.9% respectively, due to the company's reduced investment in non-strategic live streaming business [2] Profit Forecast - Despite the revenue forecast adjustments, Daiwa has raised the net profit predictions for the next two years by 117% and 42% respectively, driven by anticipated growth in online music service gross margins and lower-than-expected marketing expenses [2] Rating and Target Price - Daiwa reiterated its "Outperform" rating for NetEase Cloud Music and raised the target price from HKD 105 to HKD 310 [2]

Core Viewpoint - Daiwa's report indicates that NetEase Cloud Music's profitability in the first half of the year exceeded expectations, primarily driven by a one-time tax benefit and improved operating profit margins [1] Revenue Forecast - The company has reduced its revenue forecasts for NetEase Cloud Music by 11% and 10.9% for the next two years due to a decreased focus on non-strategic live streaming business [1] Profitability Outlook - Despite the revenue forecast reduction, Daiwa has raised its net profit predictions for the next two years by 117% and 42%, citing anticipated growth in gross margins for online music services and lower-than-expected marketing expenses [1] Rating and Target Price - Daiwa maintains a "Outperform" rating for NetEase Cloud Music, increasing the target price from HKD 105 to HKD 310, which corresponds to a 27 times earnings forecast for 2026 [1]