Tencent Music Rose Over 5% in Premarket Trading Though Its Q1 Revenue Declined 15.1%

Tiger Newspress2022-05-17

Tencent Music rose over 5% in premarket trading.

 

The company reported its Q1 results, with EPS of $0.06 coming in worse than the consensus estimate of $0.07. Total revenues declined 15.1% year-over-year to $1.05 billion, missing the consensus estimate of $1.23 billion, due to the headwinds in an evolving market landscape.

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