Tencent Music Entertainment Group Announces First Quarter 2021 Unaudited Financial Results

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Tencent Music Entertainment Group (TME) PT Lowered to $19 at BofA Securities

May 19, 2021 8:58 AM EDT

BofA Securities analyst Eddie Leung lowered the price target on Tencent Music Entertainment Group (NYSE: TME) to $19.00 (from $21.50) while maintaining a Buy rating.

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Tencent Music (TME) Tops Q1 EPS by 3c

May 17, 2021 4:08 PM EDT

Tencent Music (NYSE: TME) reported Q1 EPS of $0.11, $0.03 better than the analyst estimate of $0.08. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.19 billion.

Online music paying users reached 60.9 million, increasing by 42.6% year-over-year. On a sequential basis,... More