TME - These Analysts Raise Their Forecasts On Tencent Music Entertainment After Q4 Results | Benzinga
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 ...