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Tencent Music Entertainment Group ( NYSE:TME ) Full Year 2023 Results Key Financial Results Revenue: CN¥27.8b (down...
Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that Mr. Zhenyu Xie has tendered his resignation from his executive positions as the Company's President, Chief Technology Officer and other relevant roles, along with his position as a member of the board of directors (the "Board"). These resignations, submitted for personal reasons, will take effect on March 31, 2024.
It's been a pretty great week for Tencent Music Entertainment Group ( NYSE:TME ) shareholders, with its shares surging...
Tencent Music Entertainment Group (NYSE: TME) defied expectations with its fourth quarter report. A strong profit growth despite a slight revenue dip is a testament to the company’s strategic agility as growth in paid subscriptions helped offset mixed results in its social media business and the regulatory hit. Moreover, Tencent Music gathered almost as many paid subscribers as both Spotify Technology S.A. (NYSE: SPOT) and Apple Music combined have in the U.S. According to Music Watch’s latest a
Wells Fargo downgraded, Best Buy upgraded: Wall Street's top analyst calls
Q4 2023 Tencent Music Entertainment Group Earnings Call
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. The audio entertainment platform reported revenue of 6.89 billion yuan ($957.06 million) for the quarter, marking a 7.2% decline as compared to the same period last year. In an earnings call on Wednesday, Cussion Pang, the company’s executive chairman, attributed the growth in subscribers to "the efficient execution of T...
HONG KONG (Reuters) -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. The audio entertainment platform reported revenue of 6.89 billion yuan ($957.06 million) for the quarter, marking a 7.2% decline as compared to the same period last year. In an earnings call on Wednesday, Cussion Pang, the company’s executive chairman, attributed the growth in subscribers to "the eff...
Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.
Key Insights The projected fair value for Tencent Music Entertainment Group is US$11.33 based on 2 Stage Free Cash Flow...