Tencent Music Entertainment Group Announces First Quarter 2019 Unaudited Financial Results
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Tencent Music (TME) Misses Q1 EPS by 1c, Revenues Beat
May 13, 2019 4:32 PM EDTTencent Music (NYSE: TME) reported Q1 EPS of $0.09, $0.01 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $855 million versus the consensus estimate of $850.05 million.
Revenues were RMB5.74 billion (US$855 million), an increase of 39.4% year-over-year.Operating profit was RMB1.15 billion (US$171 million), an increase of 22.9% year-over-year.Net profit attributable to equity holders of the Company increased by 17.4% year over year to RMB987 million (US$147 million).Non-IFRS net profit attributable to equity holders of the Company (excluding amortization of intangible assets and other assets arising from business... More