Tencent Music Entertainment Group ADR

TME: XNYS (USA)

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

Ivan Su

Jan 20, 2023

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 through live streaming, a high margin business generating over 50% of revenue and over 100% of operating profit, while subscription-based music streaming remains loss-making.

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Tencent Music Entertainment Group ADR

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

Business Strategy and Outlook

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