Tencent Music (TME) Tops Q3 EPS by 1c
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Tencent Music Entertainment Group Announces Third Quarter 2020 Unaudited Financial Results
November 10, 2020 4:05 PM ESTSHENZHEN, China, Nov. 10, 2020 /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, 2020.
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... More