Tencent Music (TME) Tops Q1 EPS by 3c

Tencent Music (NYSE: TME) reported Q1 EPS of $0.11, $0.03 better than the analyst estimate of $0.08. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.19 billion.

• Online music paying users reached 60.9 million, increasing by 42.6% year-over-year. On a sequential basis, the number of online music paying users grew by 4.9 million, the largest quarterly net increase since 2016. Paying ratio was 9.9%, up from 8.0% and 9.0% in the third and fourth quarters of 2020, respectively.

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

You May Also Be Interested In

• Growth isn't weak enough to truly undercut inflation pressures - BMO
• MetroCity Bankshares, Inc. (MCBS) Tops Q1 EPS by 4c
• Intuitive Surgical (ISRG) Tops Q1 EPS by 8c