Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2023 Unaudited Financial Results
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (TME)
Last tencent music entertainment group american depositary shares, each representing two class a ordinary shares earnings: 3/16 04:15 pm
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Source: PR Newswire
Fourth quarter music paying users up 20.6% with monthly ARPPU increased by 20.2% year-over-yearNet adds of 18.2 million music paying users recorded in 2023, up from 12.3 million in 2022SHENZHEN, China, March 19, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.Fourth Quarter 2023 Financial HighlightsTotal revenues were RMB6.89 billion (US$971 million), representing a 7.2% year-over-year decrease, mainly due to the decline in revenues from social entertainment services and others. Growth in revenues from online music services partially mitigated the decline in revenues from social entertainment services and others.Revenues from music subscriptions were RMB3.42 billion (US$481 million), representing 45.3% year-over-year growth. The number of paying users
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News
- Analysts Are Updating Their Tencent Music Entertainment Group (NYSE:TME) Estimates After Its Full-Year Results [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group Filed 2023 Annual Report on Form 20-FPR Newswire
- Tencent Music Entertainment Group to Report First Quarter 2024 Financial Results on May 13, 2024PR Newswire
- Returns On Capital Are Showing Encouraging Signs At Tencent Music Entertainment Group (NYSE:TME) [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group (NYSE:TME) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
TME
Earnings
- 3/19/24 - In-Line
TME
Sec Filings
- 4/18/24 - Form 6-K
- 4/18/24 - Form 20-F
- 4/15/24 - Form 6-K
- TME's page on the SEC website