Tencent Music (TME) Misses Q1 EPS by 1c, Revenues Beat
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Tencent Music Entertainment Group Announces First Quarter 2019 Unaudited Financial Results
May 13, 2019 4:30 PM EDTSHENZHEN, China, May 13, 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 first quarter ended March 31, 2019.
Financial Highlights
In the three months ended March 31, 2019:
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%... More