Tencent Music Entertainment's Foreseeable Path To Prosperity With Structural Opportunities [Seeking Alpha]
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (TME)
Last tencent music entertainment group american depositary shares, each representing two class a ordinary shares earnings: 3/16 04:15 pm
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Source: Seeking Alpha
Despite the high penetration rate, the Chinese online music industry is under-monetized and poised for growth, not through user base expansion but via increases in the paying ratio and ARPPU. TME's revenue growth is supported by strategic initiatives aimed at increasing the # of paying users and ARPPU, with projections indicating potential outperformance against consensus. Two key risks impacting TME are the intense competition from Cloud Music that threatens TME's ability to meet its growth targets and regulatory uncertainties around live-streaming. Tencent Music Entertainment Group ( NYSE: TME ) is the largest online music entertainment platform in China. It is operating in a market with great monetization potential and benefits from diversified sourcing channels and reliance on streaming platforms of the Chinese market. I believe TME's online music services segment will support its steady growth and estimate a potential top-line growth 10% above the consensus, thus rating TM
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TME
News
- Analysts Are Updating Their Tencent Music Entertainment Group (NYSE:TME) Estimates After Its Full-Year Results [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group Filed 2023 Annual Report on Form 20-FPR Newswire
- Tencent Music Entertainment Group to Report First Quarter 2024 Financial Results on May 13, 2024PR Newswire
- Returns On Capital Are Showing Encouraging Signs At Tencent Music Entertainment Group (NYSE:TME) [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group (NYSE:TME) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
TME
Earnings
- 3/19/24 - In-Line
TME
Sec Filings
- 4/18/24 - Form 6-K
- 4/18/24 - Form 20-F
- 4/15/24 - Form 6-K
- TME's page on the SEC website