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Stock impact report

The "Spotify of China" Just Got a Whole Lot Cheaper [Yahoo! Finance]

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 Check Earnings Report
Company Research Source: Yahoo! Finance
Tencent Music Entertainment Group has seen its share price tank, falling more than 30% after its earnings report. Despite strong financials, competition from the creator TikTok is driving concerns. Amid this, analysts are eyeing big-time upside. Interested in Tencent Music Entertainment Group Sponsored ADR? Here are five stocks we like better. Tencent Music Entertainment Group (NYSE: TME) is China's music streaming leader, amassing a huge market share. The entertainment company boasts approximately 528 million monthly active users (MAUs) and generated $1 billion in revenue from online music services in its latest quarter. Meanwhile, the company's top competitor, NetEase (NASDAQ: NTES), brought in just $282 million in music revenue. With such a wide lead in revenue share, the “Spotify of China” is a fitting moniker for Tencent Music Entertainment. ? Valero's Rally: Why This Refiner Is Built to Last However, unlike Spotify Technology (NYSE: SPOT), an emerging competitor i Show less Read more
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