kṛṣṇa-tulya bhāgavata - Śrīmad-Bhāgavatam is identical with Kṛṣṇa; vibhu - the supreme; sarva-āśraya - the origin of everything, or that which controls everything; prati-śloke - in every verse; prati-akṣare - in every syllable; nānā artha kaya - there are varieties of imports.

“Śrīmad-Bhāgavatam is as great as Kṛṣṇa, the Supreme Lord and shelter of everything. In each and every verse of Śrīmad-Bhāgavatam and in each and every syllable, there are various meanings.