Dear U: Likely weak Q226results-20260728
瑞银·2026-07-28 12:28
Q226 Preview: Likely weak results ab 24 July 2026 Global Research Dear U Likely weak Q226 results Valuation: The number of C-pop artists on the QQ Music Bubble service has increased from 98 in Q126 to 128 in Q226. Also, the recently added artists have meaningfully larger fan bases, which we view as positive for future subscriber growth and engagement. However, the pace of increase in QQ Bubble subscriptions seems to be slower than expected. Further upside could come from QQ Music's push to strengthen its SV ...