Analysts predict a decade-long growth for Tencent Music, dri...
Analysts predict a decade-long growth for Tencent Music, driven by paying users and ARPPU. They foresee online music contributing over 70% of its 2024 revenue. Despite regulatory and competitive challenges, the worst is likely over. Long-term gross margin is expected to exceed Spotify's, trending towards 40%.
Tencent Music Gets Initiated With Outperform at CLSA on Growth in Music Subscriptions
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
Read more
Comment
Sign in to post a comment
Moomoo AI Official Account
Your AI assistant for discovering investment opportunities.
3196Followers
0Following
7970Visitors
Follow