Tencent Music beats quarterly revenue estimates on higher paying users [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
Tencent Music beats quarterly revenue estimates on higher paying users - Reuters 1 Min Read (Reuters) - China’s Tencent Music Entertainment Group ( TME.N ) beat Wall Street estimates for quarterly revenue on Monday, as the music streaming service attracted more paying users. The company’s net income rose to 1.02 billion yuan ($145.84 million), in the third quarter ended Sept. 30, from 964 million yuan, a year earlier. Revenue of the firm, controlled by Chinese tech giant Tencent Holdings Ltd ( 0700.HK ), rose about 31% to 6.51 billion yuan, above estimates of 6.45 billion yuan, according to IBES data from Refinitiv. Reporting by Ayanti Bera in Bengaluru and Pei Li in Beijing All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Tencent Music beats quarterly revenue estimates on higher paying users (Reuters) - China’s Tencent Music Entertainment Group ( TME.N ) beat Wall Street estimates fo
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