Reports Q3 revenue $1B, consensus $980.86M. Cussion Pang, executive chairman of TME, commented, “Our commitment to high-quality growth is reflected in another solid quarterly performance. The steady expansion of our music subscribers and diversified music services continue to drive overall growth and profitability. We are encouraged by the growing synergies between our platform and well-established content ecosystem, which have become a vital force in empowering us to seize new opportunities for long-term, sustainable growth.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TME:
- Is TME a Buy, Before Earnings?
- Five Below downgraded, Snowflake upgraded: Wall Street’s top analyst calls
- Tencent Music initiated with an Overweight at Barclays
- Tencent Music initiated with an Outperform at Bernstein
- Tencent call volume above normal and directionally bullish
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.