《大行》花旗料腾讯音乐(01698.HK)上季业绩符预期或略胜预期

阿斯达克财经
Feb 03

花旗发表报告,预期腾讯音乐(01698.HK) 2025年第四季业绩将符合预期或略胜预期,主要由于稳定的订阅服务及非订阅音乐收入的加速增长。展望2026年,该行认为关键关注点包括竞争格局与抖音Soda Music潜在威胁、SVIP转换率及每用户平均收入趋势、线上广告收入、音乐演唱会收入更新、喜马拉雅的最新状况、毛利率与经营利润率趋势。尽管该行认为Soda Music用户指标的快速增长,短期内可能未...

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