广发证券：中国音乐市场具备持续成长潜力建议关注网易云音乐(09899)等

智通财经2025-04-14

智通财经APP获悉，广发证券发布研报称，国内音乐流媒体相较于全球同业，优势在于格局更为整合;同时，国内用户听歌偏好分散，平台对头部唱片的依赖度更轻，腾讯音乐和网易云音乐通过塑造自制体系构建差异化内容供给。建议关注腾讯音乐(TME.US，01698)美股和网易云音乐(09899)，量价双轮驱动增长持续性强，长期自制占比提升、用户提价等因素对经营杠杆带来的空间仍未被充分关注，基于稳定的利润增长后续也...

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广发证券：中国音乐市场具备持续成长潜力 建议关注网易云音乐(09899)等

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广发证券：中国音乐市场具备持续成长潜力建议关注网易云音乐(09899)等