Tencent Music Entertainment's Q3 Non-IFRS Earnings, Revenue Rise

MT Newswires Live

11/12

Tencent Music Entertainment Group (TME) reported Q3 non-IFRS earnings Wednesday of 1.54 Chinese renminbi ($0.22) per diluted American depositary share, up from 1.16 renminbi a year earlier.

Analysts surveyed by FactSet expected 1.53 renminbi.

Revenue for the quarter ended Sept. 30 was 8.46 billion renminbi, up from 7.02 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 8.24 billion renminbi.

Shares of the company were up over 3% in recent Wednesday premarket activity.

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