Why Tencent Music Entertainment Group Was Music to Investor Ears This Week [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
A better-than-expected earnings report the company published on Tuesday was enough of a hit to rise the stock nearly 12% higher in price over the period, according to data compiled by S&P Global Market Intelligence This was the final earnings release for Tencent Music's 2024, and it covered both the fourth quarter and the entirety of the year. The company's total revenue amounted to 7.46 billion yuan ($1.03 billion) for the quarter, which was more than 8% higher than the comparable period of 2023. The majority of that came from music subscriptions; these rose a robust 18% to 4.03 billion yuan ($557 million), helped in no small part by a 13% increase in the count of paying users. On the bottom line, Tencent Music's profit in accordance with IFRS
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News
- Tencent Music Entertainment Group (NYSE: TME) had its "overweight" rating re-affirmed by analysts at Morgan Stanley.MarketBeat
- Tencent Music Entertainment Group (NYSE: TME) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating.MarketBeat
- Tencent Music Entertainment Group (NYSE:TME) Jumps 19% This Quarter After Strong Financial Results [Yahoo! Finance]Yahoo! Finance
- NYSE Content advisory: Pre-Market Update + Federal Reserve Decision Due [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group (NYSE: TME) had its price target raised by analysts at Mizuho from $16.00 to $17.00. They now have an "outperform" rating on the stock.MarketBeat
TME
Earnings
- 3/18/25 - Beat
TME
Sec Filings
- 3/18/25 - Form 6-K
- 2/28/25 - Form 6-K
- 2/18/25 - Form 6-K
- TME's page on the SEC website