T. H. Data Flash – Tencent Music – August & 3Q19E: Better Acceptance Of Pay-For-Streaming Driving TME’s Better Performance in 3Q19E

  • Date: Sep 17, 2019
  • Tags:TME
  • Partial Report:Name: TME Data Flash 09172019.pdf - Size: 0.62M - Free Download
  • T. H. Data Flash – Tencent Music – August & 3Q19E: Better Acceptance Of Pay-For-Streaming Driving TME’s Better Performance in 3Q19E

We are positive on TME’s 3Q19 performance. This is the first time since its IPO that we believe the company is likely to outperform instead of missing consensus expectation. The better result is driven by: 1) more paid songs under the Online Music Services line as more popular songs are VIP songs. As such, we also expect the paying ratio for online music services to improve; 2) user growth for its live broadcasting is encouraging.

About

Contact

Careers

T.H. Capital is an independent research and investment advisory firm specializing in China. We offer real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects, from China ADRs to international names that have meaningful exposure to the China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
Address:

5E, Tower D, Central International Trade Center, 6 Jianguomenwai Avenue, Beijing 100022, China

Email:

services@thcapital-china.com

Do you enjoy pursuing original research in any aspect of the financial markets and have the ability to present research in a refreshing and captivating manner?
Careers