TME reports strong subscription growth in Q3, but faces decline in ...

4 days ago · Tencent Music Entertainment (TME), Tencent’s online music streaming platform, reported a robust rise in paid subscribers in the third quarter of 2024. However, this growth …

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Tencent Music Entertainment Group (TME) Q3 2024 Earnings Call ...

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4 days ago · Tencent Music Entertainment Group (TME) reports a 20% increase in online music revenue and surpasses 10 million SVIP members, despite challenges in social entertainment …

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Tencent Music Posts Q3 '24 Earnings Bump On Subscription Gains

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4 days ago · At the time of writing, Tencent Music stock (NYSE: TME) was down 9.65% at $10.44 per share – though the price still represents an over 40% increase from mid-November 2023. …

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Tencent Music Q3 Profit Surges 35% As Paid Subscribers Hit …

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5 days ago · Tencent Music reports stellar Q3 results with 20.3% subscription revenue growth and 42.6% margin. Net profit reaches $1.71B amid strong user growth and strategic expansion. ...

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

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

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Tencent Music Entertainment: ARPPU Challenge Overshadows …

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3 days ago · TME's Q3 2024 results show revenue and profit growth, but a sequential slowdown in growth rate, leading to a 5.45% stock drop. The number of paying users increased by 15.5% …

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Spotify Rival Tencent Music Clocks Q3 Revenue Decline, But

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Nov 14, 2023 · Tencent Music Entertainment Group TME reported a third-quarter revenue decline of 10.8% year-over-year to $900 million, beating the consensus of $875.6 million.

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Tencent Music Entertainment Group Reports Q3 2024 Financial …

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5 days ago · Interpretation: TME experienced a healthy expansion in its online music services segment with a 20.4% year-over-year increase due to growing subscription revenues and …

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Tencent Music Entertainment Group: Robust Financial …

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4 days ago · Saiyi HE also notes the company’s strong online music business, with a 20% year-over-year rise in revenue, driven by both subscription and non-subscription growth.

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Tencent Music Entertainment Group (TME) - Yahoo Finance

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Tencent Music's Q3 Revenue Tops $1 Billion, But Monthly Active Users Fall 3%, Stock Reacts. Tencent Music Entertainment Group (NYSE:TME) reported a fiscal third-quarter 2024 revenue …

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Shift4 Payments Inc (FOUR) Q3 2024 Earnings Call Highlights: …

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4 days ago · Total Q3 Volume: $43 billion, a 56% growth year-over-year. Subscription and Other Revenue: $102 million, up 111% compared to the previous year. Blended Spread: 60 basis …

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FAQs about TME reports strong subscription growth in Q3, but faces decline in ... Coupon?

How did TME perform in Q3 2024?

TME's Q3 2024 results show revenue and profit growth, but a sequential slowdown in growth rate, leading to a 5.45% stock drop. The number of paying users increased by 15.5% year-over-year, but ARPPU growth lagged at 4.9%, indicating price sensitivity among users. ...

Why did TME's Q3 FY2024 financial results drop 45%?

TME released its Q3 FY2024 financial results on November 12th, before the market opened. Although TME continued to expand its revenue and profits, there are signs of potential challenges ahead. The stock declined by 5.45% following the earnings announcement, most likely due to analysts' disappointment with the sequential slowdown in growth rate. ...

Does Tencent Music Entertainment Group (TME) report unaudited financial results?

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 it will report its unaudited financial results for the third quarter of 2024 before the U.S. market opens on Tuesday, November 12, 2024. ...

What drives TME revenue growth?

The revenue growth of TME is driven by two segments: (1) online music services; and (2) social entertainment services. Notably, the growth of online music services will be the growth engine with a pessimistic outlook on social entertainment services as it is impacted by macro and regulation. ...

What are the risks affecting TME?

Two key risks impacting TME are the intense competition from Cloud Music that threatens TME's ability to meet its growth targets and regulatory uncertainties around live-streaming. Tencent Music Entertainment Group ( NYSE: TME) is the largest online music entertainment platform in China. ...

Does TME have a better balance between subscriber growth and ARPPU?

According to TME’s 1Q22 earnings call, TME will be implementing a different approach to have a better balance between subscriber growth and ARPPU. The company will work on improving ARPPU through fewer promotions, bundling super VIPs, and adding more tiers to subscription plans with more privileges. ...