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Largest Music Public Companies in China

Benchmark revenue and EBITDA valuation multiples for public comps like
Tencent Music Entertainment, NetEase Cloud Music and Nashville Records.

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Tencent Music Entertainment	Music	$14	+0%	$22B	$19B	4.0x	11.3x
NetEase Cloud Music	Music+1	$20	+6%	$4B	$3B	2.3x	10.6x
Nashville Records	Content Production+2	$0	-94%	$5M	$5M	—	—

Financial data powered by FactSet and Morningstar. Valuation multiples as of last 12 months. For more data, start your free trial here.

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