Tencent Music's Q3 Revenue Tops $1 Billion, But Monthly Active Users Fall 3%, Stock Reacts [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
Growth in revenues from online music services was partially offset by a decline in revenues from social entertainment services and others. China's online music and audio entertainment platform's adjusted EPADS of $0.16 (1.16 Chinese yuan) missed the analyst consensus estimate of $0.17 . The stock fell after the earnings report. Also Read: Bumble Catalysts Show Efficiency Gains, But Analyst Flags Growth Risks Key Metrics: Monthly active users (MAUs) for online music declined by 3.0% year over year to 576 million, and mobile MAUs for social entertainment decreased by 30.2% year over year to 90 million. The monthly average revenue per user (ARPPU) for online music grew by 4.9% year over year to 10.8 Chinese yuan, Monthly ARPPU for social entertainment declined by 24.8% year over year to 64.8 Chinese yuan, and Online music paying users increased by 15.5% year over year to 119.0 million. Online music service revenues grew by 20.4% year over year to $781 million, while revenues f
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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