Tencent Music Enter Gr (NYSE: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.
Earnings
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.
Past Earnings Performance
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.
