高盛表示,腾讯音乐-SW(01698.HK) 股价在去年第四季业绩公布后大幅下跌,主要由于市场担忧2026年音乐竞争加剧、AI对音乐串流平台的潜在中长期颠覆风险,以及管理层对近期订阅收入展望相对保守。高盛梳理了财报后的市场主要疑虑及对该公司的看法,包括:1)在竞争加剧下,订阅业务增长预期需重新调整;2)市场对AI音乐可能冲击整个音乐产业价值的讨论;3)尽管订阅用户增长放缓,利润率仍维持稳定。该股经...
Source Link高盛表示,腾讯音乐-SW(01698.HK) 股价在去年第四季业绩公布后大幅下跌,主要由于市场担忧2026年音乐竞争加剧、AI对音乐串流平台的潜在中长期颠覆风险,以及管理层对近期订阅收入展望相对保守。高盛梳理了财报后的市场主要疑虑及对该公司的看法,包括:1)在竞争加剧下,订阅业务增长预期需重新调整;2)市场对AI音乐可能冲击整个音乐产业价值的讨论;3)尽管订阅用户增长放缓,利润率仍维持稳定。该股经...
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