Tencent Music (TME) Reports In-Line Q3 EPS

Tencent Music (NYSE: TME) reported Q3 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenue for the quarter came in at $910 million versus the consensus estimate of $909.07 million.

• Online music paying users reached 35.4 million, indicating an increase of 42.2% year-over-year. On a sequential basis, the number of online music paying users grew by 4.4 million, up from 2.6 million in the second quarter and 1.4 million in the first quarter of 2019, representing the largest net increase since 2016 and continuing the accelerating growth trend.

For earnings history and earnings-related data on Tencent Music (TME) click here.

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