腾讯音乐Q2点评：音乐付费习惯养成，盈利持续转强

东方证券2023-08-21

23Q2公司营业收入72.9亿，同比增长5.6%，环比增长4.1%。我们预期23Q3收入环比下滑11%，2023年收入下滑3%，主要系6月开始直播业务下降概率功能道具，做出彻底合规整改。23Q2归母净利润(IFRS)13.0亿(yoy+51.6%，qoq+12.9%)；23Q2经调整归母净利润(Non-IFRS)15.3亿人民币(yoy+48.6%，qoq+8.5%)；预期因音乐付费强化盈利水平...

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