Tencent Music Entertainment Group ADR

TME: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$16.30	Zqdrgl	Mpttgmhlj

Tencent Music's Long-Term Earnings Fueled by Subscriber Increase, Margin Improvements

Ivan Su

Mar 20, 2024

Business Strategy and Outlook

With around 600 million monthly active users Tencent Music Entertainment is the largest music streaming platform in China. The firm monetizes its services mainly through monthly subscriptions, livestreaming, and advertising.

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