Tencent Music Entertainment Group: Initiation Of Coverage – Core Business Strategy, Integration & Expansion Of AI Applications

Tencent Music Entertainment Group (TME) posted robust results in its fourth quarter and full year 2023 earnings call. Increasing subscribers and expedited revenue growth were notable positives, taking the total number of subscribers to the 100 million milestone due to the company’s focus on content leadership, platform value, and offering a high-quality user experience. Yet, the company also faced some headwinds, particularly in the social entertainment business.