Tencent Music's Average Revenue Per User Focus Signals Potential …

Tencent Music reported a fiscal second-quarter 2024 revenue of $985.00 million (7.16 billion Chinese yuan), missing the analyst estimate of $996.68 million (7.12 billion Chinese yuan).

CouponFollow Extension

$985.00
OFF

Tencent Music's Average Revenue Per User Focus Signals Potential …

1 week from now

Tencent Music reported a fiscal second-quarter 2024 revenue of $985.00 million (7.16 billion Chinese yuan), missing the analyst estimate of $996.68 million (7.12 billion Chinese yuan).

msn.com

8%
OFF

Tencent Music Posts Q3 '24 Earnings Bump On Subscription Gains

1 week from now

4 days ago · Tencent Music achieved continued subscriber and profit growth during Q3 2024, per a new earnings report. ... monthly average revenue per paying user decreased 24.8% YoY to …

digitalmusicnews.com

9%
OFF

Tencent Music's Q3 Revenue Tops $1 Billion, But Monthly

1 week from now

4 days ago · The monthly average revenue per user (ARPPU) for online music grew by 4.9% year over year to 10.8 Chinese yuan, Monthly ARPPU for social entertainment declined by 24.8% …

benzinga.com

15%
OFF

Tencent Music Profits Climb In First Quarter - Variety

1 week from now

May 13, 2024 · The company managed to increase average revenue per streaming user by 15% to RMB10.6 per person per month. Monthly ARPU for social entertainment fell by more than …

variety.com

8%
OFF

Tencent Music's Q3 Revenue Tops $1 Billion, But Monthly Active …

1 week from now

4 days ago · Tencent Music Entertainment Group (NYSE:TME) reported a fiscal third-quarter 2024 revenue growth of 6.8% year-over-year to $1.00 billion (7.02 billion Chinese yuan), …

yahoo.com

36%
OFF

Tencent Music Profits Reach $735 Million, Despite Revenue …

1 week from now

Mar 19, 2024 · Variety. Net profits at Tencent Music Entertainment, China’s largest digital music company, climbed 36% to reach $735 million (RMB5.22 billion) in 2023 – despite revenues …

variety.com

28%
OFF

Tencent Music Earnings: Quarterly Profits Up 28% On Subscribers

1 week from now

May 13, 2024 · In the first quarter, TME earned 10.6 RMB ($1.47), up 15.2% from 9.2 RMB ($1.27) in the year-ago quarter, in monthly average revenue for each paying user of its online …

billboard.com

36%
OFF

Tencent Music Earnings 2023: Profits Rise On Paid ... - Billboard

1 week from now

Mar 19, 2024 · China ‘s Tencent Music Entertainment Group saw its profit jump 36% to 5.22 billion yuan ($735 million) in 2023 as growth in paid subscriptions helped offset mixed results …

billboard.com

4%
OFF

China's Tencent Music Revenue Beats Estimates On Jump In Paying …

1 week from now

May 16, 2023 · The Tencent Holdings Ltd-controlled company said total revenue rose 5.4% to 7.00 billion yuan ($1.01 billion) in the first quarter, snapping five consecutive quarters of …

reuters.com

35%
OFF

Tencent Music Profit Jumps 35% On Music Subscriber Growth

1 week from now

4 days ago · Tencent Music Profit Jumps 35% on Subscriber Growth. ... which drove a 4.9% expansion of the company’s monthly average revenue per paying user (ARPPU). That metric …

billboard.com

$15
OFF

Tencent Music's Average Revenue Per User Focus Signals Potential …

1 week from now

BofA Securities analyst Lei Zhang reiterated a Buy rating on Tencent Music Entertainment Group – ADR (NYSE:TME) with a price target of $15, down from $18.. Tencent Music reported a …

capedge.com

3%
OFF

Tencent Music’s Subscription Revenues Soared 45.3% In Q4 As …

1 week from now

Mar 19, 2024 · In its latest earnings report, released on Tuesday (March 19), TME reported a 45.3% YoY jump in revenue from music subscriptions in Q4 2023 (ended December 31) to …

musicbusinessworldwide.com

52%
OFF

Tencent Music’s Quarterly Profit Jumps 52% On Music Subscriptions

1 week from now

Aug 16, 2023 · Monthly average revenue per paying user (ARPPU) rose 14% to RMB9.7 ($1.33) for online music, while monthly ARPPU for social entertainment declined 20% to RMB135 …

billboard.com

$15
OFF

Tencent Music’s Average Revenue Per User Focus Signals Potential …

1 week from now

BofA Securities analyst Lei Zhang reiterated a Buy rating on Tencent Music Entertainment Group – ADR TME with a price target of $15, down from $18. Tencent Music reported a fiscal second …

thedollarhub.com

FAQs about Tencent Music's Average Revenue Per User Focus Signals Potential … Coupon?

How many subscribers does Tencent Music have?

Tencent Music had 113.5 million paying subscribers as of March 31 — roughly half the number of subscribers its more global competitor Spotify has. Still total revenues fell 3.4% compared to last year to RMB6.77 billion ($937 million) due to another quarter of declining social entertainment services revenues. ...

How much money does Tencent Music make?

In the first quarter, TME earned 10.6 RMB ($1.47), up 15.2% from 9.2 RMB ($1.27) in the year-ago quarter, in monthly average revenue for each paying user of its online music service. Tencent Music operates QQ Music, Kugou and Kuwo as well as the social karaoke game WeSing. ...

How much money did Tencent make in 2023?

Net profits at Tencent Music Entertainment, China’s largest digital music company, climbed 36% to reach $735 million (RMB5.22 billion) in 2023 – despite revenues declining by 2% to $3.91 billion. Fourth quarter profits were worth $198 million (RMB1.41 billion), earned from revenues 7% down at $971 million (RMB6.89 billion). ...

Is Tencent Music focusing more on ARPU growth?

Tencent Music delivered a broadly inline second-quarter result, Zhang noted. At the same time, the company indicates it is time to focus more on ARPU (average revenue per user) growth from the second half, given the company’s belief that quality growth is more sustainable and that it can offer premium services to engaged users. ...

Why did China's Tencent Music Entertainment Group ToP quarterly revenue estimates?

REUTERS/Florence Lo/Illustration Purchase Licensing Rights May 16 (Reuters) - China's Tencent Music Entertainment Group (1698.HK), topped quarterly revenue estimates on Tuesday as the Spotify-like music streaming platform benefited from growth in paying users, sending its U.S. shares 9% higher in premarket trading. ...

Does Tencent Music Entertainment have a sustainable growth strategy?

Tencent Music Entertainment’s Executive Chairman, Mr. Cussion Pang, noted that the company’s focus on quality growth is evident in its strong quarterly results, driven by increasing music subscribers and diverse services. He emphasized the synergy between the platform and its content ecosystem as key to sustainable, long-term growth. ...