Tencent Music (TME) Tops Q1 EPS by 3c
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Tencent Music Entertainment Group Announces First Quarter 2021 Unaudited Financial Results
May 17, 2021 4:05 PM EDTSHENZHEN, China, May 17, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.
Financial and Operational Highlights
In the three months ended March 31, 2021:
Online music paying users reached 60.9 million, increasing by 42.6% year-over-year. On a sequential basis, the number of online music paying users grew by 4.9 million, the largest quarterly net increase since 2016. Paying ratio was 9.9%, up from 8.0%... More