bearish

Tencent Music

TME – Miss on Revenue and Margins; Earnings Continue to Remain Under Pressure

Revenue and OP fell below consensus and online music revenue declined YoY for the first time in 1Q22. Having given up on exclusive music licensing agreements, competition has shifted based on pricing

Equity Bottom-Up
257 Views, 18 May 2022 02:27
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Shifara Samsudeen, ACMA, CGMA
Equity Analyst
LightStream Research
JapanIndustrialsEquity Bottom-UpEquity Capital Markets

A chartered management accountant with more than 10 years of rich experience in investment research and financial analys... 

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