腾讯音乐:增长“新”周期,是落入平庸还是稳稳的幸福?

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北京时间 5 月 13 日港股盘后、美股盘前,腾讯音乐($腾讯音乐.US ; $腾讯音乐-SW.HK )发布了 2025 年第一季度财报。关税贸易战开打之际,在欧美流媒体纷纷交出超预期成绩的时候,腾讯音乐是否也能交出一份惊喜答卷?而跳出短期业绩的长远视角,腾讯音乐的业绩和估值拉升空间,又将靠什么驱动和支撑?具体来看:一、会员订阅:更专注、更垂类截至 Q1 末,腾讯音乐的付费渗透率已经达到 22%,...

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