Tencent Music Entertainment Group Announces Second Quarter 2019 Unaudited Financial Results
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Tencent Music (TME) Tops Q2 EPS by 1c, Revenues Beat
August 12, 2019 4:34 PM EDTTencent Music (NYSE: TME) reported Q2 EPS of $0.10, $0.01 better than the analyst estimate of $0.09. Revenue for the quarter came in at $859 million versus the consensus estimate of $843.01 million.
Financial and operational Highlights in the three months ended June 30, 2019:
Online music paying users reached a record 31.0 million, an increase of 33.0% year-over-year, with 2.6 million net addition which represented the largest net addition since the first quarter of 2018.Total revenues were RMB5.90 billion (US$859 million), an increase of 31.0% year-over-year.Operating profit was RMB1.09 billion (US$158 million), an increase of 7.0%... More