Tencent Music (TME) Shares Fall 2% on Q4 Revenue Miss, Company to Pursue Hong Kong Listing
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Tencent Music social entertainment services slump overshadows upbeat quarter
March 21, 2022 4:22 PM EDT(Reuters) - China's Tencent Music will pursue a secondary listing of its shares on the Hong Kong Stock Exchange, the company said on Monday, after reporting a 15% fall in revenue at its mainstay social entertainment services business
While most of Tencent Music users are in its music streaming unit, social entertainment services including karaoke platforms where people can live stream concerts and shows are its biggest revenue drivers.
Revenue from social... More
Tencent Music (TME) pursuing secondary listing on the Main Board of the Hong Kong Stock Exchange
March 21, 2022 4:13 PM EDTTencent Music (NYSE: TME) pursuing a secondary listing on the Main Board of the Hong Kong Stock Exchange through a listing by way of introduction (which is a direct listing without any offering of new shares).
... MoreTencent Music (TME) Tops Q4 EPS by 1c
March 21, 2022 4:07 PM EDTTencent Music (NYSE: TME) reported Q4 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.23 billion.
Total revenues were RMB7.61 billion (US$1.19 billion), representing a decrease of 8.7% year-over-year.Online music... More