UPDATE 1-China's Tencent Music revenue misses estimates, share fall 4% [Reuters]
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: Reuters
China's Tencent Music revenue misses estimates, share fall 4% - Reuters 2 Min Read (Reuters) - China’s Tencent Music Entertainment Group on Monday missed quarterly revenue estimates as it reported the slowest increase in a widely-watched metric for growth since its debut, sending the shares of media streaming company down 4%. Monthly average revenue per user from its social entertainment services rose 16.5% to 130.2 yuan ($18.45), the slowest growth since it went public in December last year. Although Tencent’s music streaming services have more users, its biggest revenue drivers are its social entertainment services - Karaoke platform ‘WeSing’ and ‘Kugou Live’ and ‘Kuwo Live’ - where users can live stream concerts and shows. Overall revenue rose to 5.90 billion yuan ($835.95 million) from 4.50 billion yuan a year earlier, but missed estimates of 5.95 billion yuan, according to IBES data from Refinitiv. The company, controlled by Chinese tech giant Tencent Holdings Ltd, reported net i
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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