Tencent Music (TME) Reports In-Line Q4 EPS, Slight Miss on Revenues
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Tencent Music Entertainment Group Announces Fourth Quarter and Full Year 2018 Unaudited Financial Results
March 19, 2019 4:30 PM EDTSHENZHEN, China, March 19, 2019 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music", "TME", or the "Company") (NYSE: TME), the leading online music entertainment platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2018.
Financial Highlights
In the three months ended December 31, 2018:
Total revenues increased by 50.5% year over year to RMB5.40 billion (US$785 million). Net loss attributable to equity holders of the Company was RMB876 million (US$127 million), mostly... More