Tuesday, August 15, 2023

Tencent Music Q2 Profit Rises; Revenues From Online Music Services Up 47.6%

Tencent Music Entertainment Group (TME) reported that its second-quarter net profit attributable to equity holders was RMB 1.30 billion, representing 51.6 percent year-over-year growth. Earnings per ADS was RMB 0.82 compared to RMB 0.53. Non-IFRS net profit attributable to equity holders was RMB 1.53 billion, representing 48.6% year-over-year growth. Non-IFRS earnings per ADS was RMB 0.97 compared to RMB 0.63.

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