Tencent Music's first-quarter revenue growth decelerated, with membership revenue rising just 7%, down from 13% in the previous quarter, while margins remained stable. On the same day, China's State Administration for Market Regulation approved the firm's acquisition of podcast provider Ximalaya.
Compared with Spotify, Tencent Music has significant potential for subscriber growth, driven by its strategy of moving more music content behind a paywall.
Tencent Music relies heavily on record labels, with no proprietary differentiation in its content.
|
Metric
|
TME
|
SPOT
|
SIRI
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.99 | 38.59 | 8.35 |
Price/Book Value | 1.31 | 10.80 | 0.79 |
Price/Sales | 3.05 | 4.99 | 1.13 |
Price/Cash Flow | 10.15 | 30.42 | 4.64 |
|
Metric
|
TME
|
SPOT
|
SIRI
|
|---|---|---|---|
Quick Ratio | 1.84 | 2.03 | 0.31 |
Current Ratio | 2.09 | 2.06 | 0.44 |
Interest Coverage | 71.17 | 87.70 | 3.45 |
|
Metric
|
TME
|
SPOT
|
SIRI
|
|---|---|---|---|
Return on Assets (Normalized) | 9.56% | 19.84% | 4.69% |
Return on Equity (Normalized) | 12.32% | 36.99% | 11.15% |
Return on Invested Capital (Normalized) | 10.54% | 27.56% | 7.55% |
|
1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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GOOGL
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| Alphabet Inc Class C
GOOG
| Wpkpxtdvm | Bpq | $4T | |||
| Meta Platforms Inc Class A
META
| Trsttvwg | Fhc | $1T | |||
| Tencent Holdings Ltd ADR
TCEHY
| Ftvwfgsxq | Qynnj | $533B | |||
| Spotify Technology SA
SPOT
| Mpxsfckdp | Jbcmpq | $99B | |||
| Nebius Group NV Shs Class-A-
NBIS
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BIDU
| Rzswxrngt | Trr | $40B | |||
| Reddit Inc Class A Shares
RDDT
| Mysgwxz | Yhdhjb | $31B | |||
| Pinterest Inc Class A
PINS
| Fyzddchq | Pqqjlv | $11B |
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United States