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TME

Tencent Music

$14.35

0.36 (2.57%)

16:32
11/11/19
11/11
16:32
11/11/19
16:32

Tencent Music reports Q3 online music payers up 42.2% at 35.4M

CEO Cussion Pang says: "We continued our solid performance in the third quarter, driven by healthy growth from both online music and social entertainment services. We are particularly pleased to report accelerating growth of our online music paying users, representing a 42.2% year-over-year increase, as the net increase in the third quarter reached 4.4 million, achieving another quarterly high and outpacing the record growth in the second quarter. More importantly, the high quality of this growth was demonstrated by the ARPPU expansion of 3.5% quarter-over-quarter. This is a strong endorsement of our continuous efforts to unlock the intrinsic value of music through our integrated music platform, and to cultivate the willingness of users to pay for premium music services. Thanks to our vast user base, deep understanding of music trends and user insights, we continued to develop our platform as the go-to destination for artists to build a fan-based economy. This strength, coupled with further investment in various forms of content, technology and services, will solidify our platform as an all-in-one music entertainment destination."

  • 11

    Nov

TME Tencent Music
$14.35

0.36 (2.57%)

09/06/19
SBSH
09/06/19
NO CHANGE
Target $326
SBSH
Buy
NetEase price target raised to $326 from $301 at Citi
Citi analyst Hillman Chan raised his price target for NetEase (NTES) to $326 from $301 saying he's positive on the sale of Kaola to Alibaba (BABA). The disposal signals NetEase's continuous focus on profitability and the additional funding to Cloud Music could make it more competitive versus Tencent Music (TME), Chan tells investors in a research note. The analyst expects investors to gradually assign value to NetEase's remaining non-gaming assets, like Cloud Music, and he keeps a Buy rating on the shares.
10/08/19
CHRS
10/08/19
UPGRADE
Target $16
CHRS
Buy
Tencent Music upgraded to Buy from Hold at China Renaissance
China Renaissance analyst Alex Liu upgraded Tencent Music to Buy from Hold with an unchanged price target of $16, stating that he expects paying subscriber upside to drive the stock higher over the next 12-18 months. Liu projects paying users to grow 3M quarter-over-quarter to reach 34M in Q3, which he expects to be a positive catalyst for the stock, he tells investors.
10/18/19
NWST
10/18/19
INITIATION
Target $16
NWST
Buy
Tencent Music initiated with a Buy at New Street
New Street initiated coverage of Tencent Music with a Buy rating and $16 price target.
11/03/19
THCP
11/03/19
NO CHANGE
THCP
TH Data Capital expects Tencent Music Q3 revenue to beat consensus
TH Data Capital analyst Tian Hou, who does not rate Tencent Music, said she is "positive" on Tencent's Q3 earnings, and expects the company to beat on revenue when it reports after the market close on November 11. The analyst added that this is the first time since the company's IPO that she believes it is likely to outperform instead of missing expectations. Hou said the drivers are likely to be "1) more paid songs under the Online Music Services line as more popular songs are VIP songs; and 2) the exclusive release of Jay Chou's song was a positive to its paying member growth as well as paying ratio."

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AMGN

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$234.00

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SYPR

Sypris Solutions

$0.82

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, UTX

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  • 10

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LDOS

Leidos

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IMMU

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PIR

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$7.70

-0.27 (-3.39%)

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MDLA

Medallia

$29.11

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  • 17

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PIR

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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BMY

Bristol-Myers

$60.70

1.195 (2.01%)

, XLRN

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XLRN

Acceleron

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MNTA

Momenta

$17.53

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EA

Electronic Arts

$102.74

0.66 (0.65%)

, ATVI

Activision Blizzard

$55.08

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EA

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ATVI

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GME

GameStop

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NTDOY

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PRVL

Prevail Therapeutics

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WEI

Weidai

$4.10

-0.35 (-7.87%)

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