Tencent Music Enter Gr: Q1 Earnings Insights

Tencent Music Enter Gr TME reported its Q1 earnings results on Monday, May 16, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Tencent Music Enter Gr beat estimated earnings by 28.57%, reporting an EPS of $0.09 versus an estimate of $0.07.

Revenue was down $146.00 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 9.68% increase in the share price the next day.

Here's a look at Tencent Music Enter Gr's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.07	0.07	0.1	0.09
EPS Actual	0.08	0.09	0.1	0.11
Revenue Estimate	1.23B	1.23B	1.26B	1.20B
Revenue Actual	1.19B	1.21B	1.24B	1.19B

To track all earnings releases for Tencent Music Enter Gr visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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