Tencent Music (TME) Reports In-Line Q3 EPS

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Go back to Tencent Music (TME) Reports In-Line Q3 EPS

Tencent Music Entertainment Group Announces Third Quarter 2019 Unaudited Financial Results

November 11, 2019 4:30 PM EST

SHENZHEN, China, Nov. 11, 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 third quarter ended September 30, 2019.

Financial and Operational Highlights

In the three months ended September 30, 2019:

Online music paying users reached 35.4 million, indicating an increase of 42.2% year-over-year. On a sequential basis, the number of online music paying users grew by 4.4 million, up from 2.6 million in the second quarter and 1.4 million in the first... More