Description
Tencent Music Entertainment: Diversification of Music Consumption Scenarios to Reach Into Untapped User Segments!
Tencent Music Entertainment Group (TME) demonstrated robust financial performance in the fourth quarter and full year of 2024. The company achieved significant advancements in online music services, which contributed to a return to top-line growth and substantial profit margin expansion. Revenues for Q4 2024 reached RMB 7.5 billion, marking an 8% increase year-over-year, with IFRS net profit soaring by 47% to RMB 2.08 billion, showcasing strong profitability and operational efficiency.
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ DisclosuresWant unlimited access to our reports? Purchase our $99 annual subscription!
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ DisclosuresWant unlimited access to our reports? Purchase our $99 annual subscription!
