Tencent Music Entertainment Group Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St.11-14

Tencent Music Entertainment Group (NYSE:TME) Third Quarter 2024 Results Key Financial Results Revenue: CN¥7.02b (up 6.8% from 3Q 2023). Net income: CN¥1.58b (up 36% from 3Q 2023). Profit margin: 23% ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  surpassed analyst estimates by 8.4%.Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Entertainment industry in the US.The company's shares are down 9.4% from a week ago.Our analysis of Tencent Music Entertainment Group based on 6 different valuation metrics shows it might be undervalued. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TME":"腾讯音乐","TCMEF":"Tencent Music Entertainment Group"},"translate_title":"腾讯控股音乐娱乐集团2024年第三季度收益：每股收益超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TCMEF":1,"TME":0.9},"content_text":"Tencent Music Entertainment Group (NYSE:TME) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: CN¥7.02b (up 6.8% from 3Q 2023).\nNet income: CN¥1.58b (up 36% from 3Q 2023).\nProfit margin: 23% (up from 18% in 3Q 2023).\nEPS: CN¥1.02 (up from CN¥0.74 in 3Q 2023).\n\n\n\n\n  NYSE:TME Earnings and Revenue Growth November 14th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nTencent Music Entertainment Group EPS Beats Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.4%. \n Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Entertainment industry in the US. \nPerformance of the American Entertainment industry.\n The company's shares are down 9.4% from a week ago. \nValuation\n Our analysis of Tencent Music Entertainment Group based on 6 different valuation metrics shows it might be undervalued. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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