Tencent Music (TME) Tops Q3 EPS by 2c

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Go back to Tencent Music (TME) Tops Q3 EPS by 2c

Tencent Music Entertainment Group Announces Third Quarter 2021 Unaudited Financial Results

November 8, 2021 4:05 PM EST

SHENZHEN, China, Nov. 8, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.

Financial and Operational Highlights

In the three months ended September 30, 2021:

Total revenues were RMB7.81 billion (US$1.21billion), representing an increase of 3.0% year-over-year. Online music services revenues grew by 24.3% year-over-year. Revenues from music subscriptions were RMB1.90 billion (US$295 million), representing 30.2% year-over-year growth. Online... More