TME Earnings Prediction
The chart below shows how TME performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TME sees a -0.65% change in stock price 10 days leading up to the earnings, and a +2.57% change 10 days following the report. On the earnings day itself, the stock moves by +1.57%. This data can give you a slight idea of what to expect for the next quarter's release.
TME Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
7.01B
6.79%
-2.03%
Gross Margin
42.64%
19.61%
1.43%
Operating Margin
25.27%
54.56%
-2.85%
Net Margin
24.36%
26.68%
-2.79%
EPS
0.50
35.14%
-7.41%
No Data Available
TME Earnings Analysis
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Corporation (TME.N) Earnings Conference Call
Positive
Online Music Revenue Surge: Online music services revenue grew by 20% year-over-year, contributing significantly to a 29% year-over-year increase in adjusted net profit.
Quarterly Revenue Increase: Total revenues in the third quarter of 2024 were RMB 7 billion, up by 7% year-over-year.
Net Profit Growth: Adjusted net profit increased by 35% year-over-year to RMB 1.7 billion, and IFRS net profit rose by 29% year-over-year to RMB 1.9 billion.
Online Music User Growth: The number of online music users reached 119 million, representing a 16% year-over-year increase with quarterly net adds of 2 million users.
Gross Margin Increase: Our gross margin for the quarter reached 42.6%, representing an increase of 6.9 percentage points year-over-year.
Negative
Social Entertainment Revenue Decline: Social entertainment services revenue was RMB 1.5 billion, down by 24% year-over-year.
Tax Rate Comparison: Our effective tax rate for Q3 was 17.7%, compared to 12.2% in the same period of 2023.
Stable Marketing Expenses: Selling and marketing expenses were RMB 420 million and remained relatively stable compared with the same period of last year.
Social Entertainment Revenue Update: Our social entertainment services revenue actually stood better than expected, but the revenue decrease has also been narrowed down.
Q3 Revenue Increase: Our total revenue in the third quarter of 2024 was RMB 7 billion, up by 7% year-over-year.
TME FAQs
How does TME typically perform around its earnings report dates?
Is Tencent Music Entertainment Group (TME) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
TME Earning Call Sentiment
Tencent Music Entertainment Group (TME) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
TME.N
-1.39%Positive
The earnings call summary indicates strong financial performance with a 15% revenue increase and improved margins. The share repurchase program and optimistic revenue expectations for Q4 are positive indicators. Despite competitive pressures and regulatory challenges, the company's strategic focus on user engagement and content expansion is promising. The Q&A section reveals some uncertainties about product launch timelines, but overall sentiment remains positive due to robust earnings and strategic initiatives.
