Tencent Music Entertainment Group Announces First Quarter 2024 Unaudited Financial Results and Annual Dividend Plan [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
online music and audio entertainment platform in China , today announced its unaudited financial results for the first quarter ended March 31, 2024 and declared its annual cash dividend for the year ended December 31, 2023 First Quarter 2024 Financial Highlights Total revenues were RMB6.77 billion US$937 million ), representing a 3.4% year-over-year decrease, mainly due to the decline in revenues from social entertainment services and others, which was partially mitigated by strong year-over-year growth in revenues from online music services. Revenues from music subscriptions were RMB3.62 billion US$501 million ), representing 39.2% year-over-year growth. The number of paying users increased by 20.2% year-over-year to 113.5 million. On a sequential basis, the number of paying users grew by 6.8 million, the largest quarter-over-quarter net increase to date. Net profit was RMB1.53 billion US$212 million ), growing 27.5% year-over-year. Net profit attributable to equity holders o
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News
- Tencent Music Entertainment Group (TME) Reported Solid Revenue and Earnings Growth in Q1 [Yahoo! Finance]Yahoo! Finance
- Thailand's GMM Music Valued At $700 Million After Tencent Buys Stake [Forbes]Forbes
- Surging Earnings Estimates Signal Upside for Tencent Music Entertainment Group (TME) Stock [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group to Hold Annual General Meeting on June 28, 2024 [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group to Hold Annual General Meeting on June 28, 2024PR Newswire
TME
Earnings
- 5/13/24 - In-Line
TME
Sec Filings
- 6/3/24 - Form 6-K
- 5/21/24 - Form 6-K
- 5/21/24 - Form 144
- TME's page on the SEC website