News Formal

Tencent Music’s earnings meet expectations, but costs hit discordant note

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Tencent Music has been profitable at an operating level for the past two years, whereas Spotify only posted its first quarterly operating profit in its history in the fourth quarter

Tencent Music Entertainment celebrates the company’s initial public offering on the floor of the New York Stock Exchange in New York, the US, in December 2018. Picture: REUTERS/BRYAN R SMITH

Unlike western peers such as Spotify Technology, Tencent Music generates only a fraction of revenue from music subscription packages, and instead relies heavily on services popular in China such as online karaoke and live streaming. Tencent Music, controlled by Chinese technology giant Tencent Holdings and backed by Spotify, said quarterly revenue jumped 50.5% to 5.4-billion yuan, versus analysts' average estimate of 5.3-billion yuan.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Sasfin earnings jump thanks to healthier credit bookFinancial services company headline earnings grow 59.9%
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »

RMB Holdings says earnings grew in line with FirstRand’sFNB gains help earnings grow 7% to R4.4bn despite ‘significant turbulence’ in the macroeconomic environment
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »

Quantum Foods warns of big drop in interim earningsShares in poultry and animal-feeds company slide 4.1% on news that half-year earnings will fall at least 42%
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »