Tencent Music social entertainment services slump overshadows upbeat quarter
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Tencent Music (TME) Shares Fall 2% on Q4 Revenue Miss, Company to Pursue Hong Kong Listing
March 21, 2022 4:58 PM EDTTencent Music (NYSE: TME) shares were trading around 2% lower after-hours following the companys reported Q4 results, with EPS of $0.08 coming in better than the consensus estimate of $0.07. Revenue grew 8.7% year-over-year to $1.19 billion, compared to the consensus estimate of $1.23 billion.
Online music service revenues increased 4.3%... More
