VXUS - China's Leading Audio Entertainment App Tencent Music's Users Decline In Q4 But Paying Subscribers Surge | Benzinga
Tencent Music Entertainment Group (NYSE:TME) 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.
Key Metrics: The Q4 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 ...