Tencent Music Entertainment Group Announces Third Quarter 2020 Unaudited Financial Results
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Tencent Music (TME) Tops Q3 EPS by 1c
November 10, 2020 4:08 PM ESTTencent Music (NYSE: TME) reported Q3 EPS of $0.12, $0.01 better than the analyst estimate of $0.11. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.13 billion.
Financial and Operational Highlights
In the three months ended September 30, 2020:
Online music paying users reached 51.7 million, increasing by 46% year-over-year. On a sequential basis, the number of online music paying users grew by 4.6 million, up from 4.4 million in the second quarter and 2.8 million in the first quarter of 2020, representing the largest net... More