sanaka-ādi — the great sages headed by Sanaka, Sananda, etc; bhāgavata — Śrīmad-Bhāgavatam; śune — hear; yāṅramukhe — from whose mouth; bhagavānera — of the Personality of Godhead; guṇa — attributes; kahe — say; bhāse — float; prema-sukhe — in the transcendental bliss of love of Godhead.
Translation:
The four Kumāras hear Śrīmad-Bhāgavatam from His lips, and they in turn repeat it in the transcendental bliss of love of Godhead.