Recap: Tencent Music Enter Gr Q1 Earnings

Tencent Music Enter Gr TME reported its Q1 earnings results on Tuesday, May 16, 2023 at 05:00 AM.

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

Earnings

Tencent Music Enter Gr beat estimated earnings by 18.18%, reporting an EPS of $0.13 versus an estimate of $0.11.

Revenue was down $28.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 0.56% increase in the share price the next day.

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.