Tag: $Tencent Music Entertainment Group

Tencent Music Entertainment Group (TME) on Tuesday reported fourth quarter results that missed earnings expectations while revenue exceeded analyst estimates, as the company’s online music services continued to drive growth.

Chinese social media and gaming company Tencent on Wednesday reported better-than-expected profit in the third quarter ended Sept. 30, spurred by growth in games, advertising and cloud services.

Tencent Music Entertainment Group’s New York listed shares slumped in Tuesday’s pre-market session as the Chinese streaming giant said a sharp drop in the number of people using its karaoke platforms had driven a slump in its second quarter revenue.

China’s Tencent Music Entertainment Group, beat first-quarter revenue estimates on Monday, helped by steady growth in paid subscriptions and advertising services on its Spotify-like music streaming platform.

China’s Tencent Music Entertainment Group beat fourth-quarter revenue estimates on Tuesday, driven by growth in paid subscription on its Spotify-like music streaming platform.

China’s Tencent Music Entertainment Group said on Tuesday second-quarter revenue rose 5.5% from a year ago, driven by growth in paying users on its Spotify-like music streaming platform and a recovery in the advertising market.