Games Recovery Lifts China's Tencent to 47% Quarterly Profit Increase [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
Gains were driven by both its domestic and international games businesses. More from Variety Spotify Tops Q3 Forecasts, Reaches 252 Million Premium Subscribers as Revenue Climbs 19% Tencent Music Enjoys Streaming Growth as Social Side Continues Slide AMC Networks' U.S. Ad Sales Fall 10% in Q3, as Streaming Subscribers Tick Up by 200,000 to Reach 11.8 Million In addition to games, Tencent is China's largest social media company, thanks toits ubiquitous WeChat/Weixin messaging platform) and its biggest long-form video streamer (Tencent Video and WeTV). In the music sector Tencent is China's biggest music streamer and owns significant investment stakes in both Spotify and Universal Music Group. For the third quarter of its current year, the group reported revenues of RMB167 billion ($23.9 billion), up 8% year-on-year. Net profit was RMB54 billion ($7.7 billion), leaving it with net cash of $13.6 billion (even after share buybacks). International games revenues were RMB14.5
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TME
Earnings
- 11/12/24 - Miss
TME
Sec Filings
- 11/12/24 - Form 6-K
- 10/15/24 - Form 6-K
- TME's page on the SEC website