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14.11.25 - 06:30
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Research: CCBI Rates TME-SW at Outperform w/ TP $105.7 (AAStocks)
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CCBI issued a research report rating Tencent Music Entertainment Group (TME.US) at Outperform, with a target price of US$27.10, corresponding to a projected PE ratio of 28x for 2026, representing a 40% discount from the global leader Spotify (SPOT.US). The recent share price decline is seen as a good intervention point. The brok......
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13.11.25 - 05:01
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Tech Brief (Nov. 13): Tencent Music Beats Profit Estimates (Caixin)
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Tencent Music beats profit estimates
Tencent Music Entertainment Group delivered a stronger-than-expected quarterly performance, reporting a 36% jump in profit and solid revenue growth, even as the Chinese music streamer grappled with a declining user base. The company said third-quarter revenue rose 20.6% from a year earlier to 8.5 billion yuan ($1.2 billion), exceeding analysts' expectations. Net profit attributable to shareholders reached 2.2 billion yuan. CEO Liang Zhu acknowledged the pressure from new rivals, naming Qishui Yinyue, Fanqie Changting and NetEase Cloud Music as key competitors. But he expressed confidence in Tencent Music's “very favorable position,” highlighting its strengths in sound quality, karaoke features, and multidevice compatibility.
OpenAI launches smarter ChatGPT-5.1 series models
OpenAI on Wednesday announced an upgrade to ChatGPT-5, releasing two new models, GPT-5.1 Instant and GPT-5.1 Thinking. The company said the new versions focus on improving intelligence and com...
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12.11.25 - 20:01
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Tencent Music Beats Profit Estimates Despite Decline in Users (Caixin)
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Tencent Music Entertainment Group delivered a stronger-than-expected quarterly performance, reporting a 36% jump in profit and solid revenue growth, even as the Chinese music streaming company grappled with a declining user base in an increasingly crowded market.
The company, which is listed in New York and Hong Kong, said third-quarter revenue rose 20.6% from a year earlier to 8.5 billion yuan ($1.2 billion), exceeding analysts' expectations, according to a statement released Wednesday. Net profit attributable to shareholders reached 2.2 billion yuan. Shares of its U.S.-listed stock climbed more than 3% in premarket trading following the results.
But behind the upbeat financials lies a key challenge: monthly active users (MAUs) of Tencent Music's online services fell 4.3% year-on-year to 551 million, as rising competition from rivals — including apps owned by TikTok parent ByteDance Ltd. — continues to bite.
ByteDance's music streaming app Qishui Yinyue reached 120 million MAUs, while Fanqie Chang...
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