Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
Tencent Music Entertainment Group (NYSE:TME) reported better-than-expected fourth-quarter revenue on Tuesday.
Tencent Music Entertainment reported a fourth-quarter revenue decline of 7.2% year-over-year to $971 million (CNY6.89 billion), beating the consensus of $932 million. China’s leading online music and audio entertainment platform’s adjusted EPADS of $0.14 (CNY1.00) was in line with the consensus, according to data from Benzinga Pro.
The Monthly active users (MAUs) for online music declined by 4.2% Y/Y to 576 million. Mobile MAUs for social entertainment decreased by 28.8% Y/Y to 104 million. Monthly ARPPU for online music grew by 20.2% Y/Y to CNY10.7,
Monthly ARPPU for social entertainment declined by 54.0% Y/Y to CNY78.0, and Online music paying users increased by 20.6% Y/Y to 106.7 million.
Tencent Music shares gained 6.4% to close at $11.04 on Tuesday.
These analysts made changes to their price targets on Tencent Music following earnings announcement.
Read More: Fear & Greed Index Remains In 'Greed' Zone Ahead Of Fed's Interest Rate Decision
Posted In: TME