Tencent Music Entertainment Group Full Year 2023 Earnings: EPS Beats Expectations [Yahoo! Finance]
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: Yahoo! Finance
Net income: CN¥4.92b (up 34% from FY 2022). Profit margin: 18% (up from 13% in FY 2022). The increase in margin was driven by lower expenses. EPS: CN¥3.15 (up from CN¥2.30 in FY 2022). All figures shown in the chart above are for the trailing 12 month (TTM) period Tencent Music Entertainment Group EPS Beats Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. In the last 12 months, the only revenue segment was Internet Information Providers contributing CN¥27.8b. Notably, cost of sales worth CN¥18.0b amounted to 65% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥4.12b (85% of total expenses). Explore how TME's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Entertainment industry in the
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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