Tencent Music Reports Subscriber, Revenue Growth Amid Management Shakeup

Tencent Music announced that co-president Guomin Xie has abruptly resigned. The dominate music streamer in China also reported that monthly actives increased 4.6% from 625 million in Q1 2018 to 654 million in Q1 2019. Paid monthly actives also increased by an impressive 27.4% to 28.4 million in Q1 2019…. Continue Reading

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Tencent Music Posts a $175 Million in Profit With 28.4 Million Subscribers in Q1 2019

Tencent Music Entertainment (TME) has released its financial report for the first quarter of 2019. In the three months ended March 31st, 2019, TME reported ¥5.74 billion ($855 million) in overall revenue.  This figure jumped 39.4% over the same period … Continue Reading

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Tencent Music [NYSE: TME] Stock Fell 11% Wednesday

UPDATE 2: Tencent Music [TME] stock took a hit Wednesday after the streamer’s first post-IPO report to investors included a $127 million quarterly loss. Tencent stock closed Wednesday at $16.66 USD, down $1.91 or 10.29% and fell another 1% in after hours trading. Investors were not happy, even though the… Continue Reading

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Tencent Music Shares Dip 8% Following a Monstrous $127 Million Quarterly Loss

Tencent Music Entertainment continues to grow, but after receiving bad news yesterday, investors punished the company’s stock. Several days ago, Tencent Music Entertainment (TME) shares reached an all-time high. Investors had pushed the Chinese streami… Continue Reading

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Tencent Music Posts $127M Loss, 664M Monthly Active Users

Tencent Music posted a $127 million loss in its first quarterly report its a December 2018 IPO. The loss, which the streamer forecast in its IPO prospectus stems from a one time $221 million stock issuance to Warner Music Group and Sony Music Entertainment. Tencent Music reported 664 million monthly… Continue Reading

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Tencent Music Confirms ‘Strategic Investment’ in Rival Douban FM

Tencent Music’s strategic investment may finally help Douban FM compete in the Chinese streaming music market. As of late, Tencent Music Entertainment (TME) has enjoyed a good ride. Two months ago, the music division of Chinese conglomerate Tencent Hol… Continue Reading

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