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TME May 2024 12.000 call
| Previous close | 1.5000 |
| Open | 1.7400 |
| Bid | 2.7500 |
| Ask | 3.6000 |
| Strike | 12.00 |
| Expiry date | 2024-05-17 |
| Day's range | 1.7400 - 2.8000 |
| Contract range | N/A |
| Volume | |
| Open interest | 4.95k |
- Yahoo Finance Video
What's motivating stock momentum in China's internet giants?
Morning Brief Co-Hosts Myles Udland and Seana Smith turn their attention to Chinese internet stocks, focusing on the stock performances of industry titans such as Alibaba (BABA) which is set to report fiscal fourth-quarter earnings on Tuesday, Tencent Music Entertainment Group (TME), and JD.com (JD). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
BenzingaWhy Is Tencent Music Stock Trading Higher on Monday?
Tencent Music Entertainment Group (NYSE:TME) reported a fiscal first-quarter 2024 revenue decline of 3.4% year-over-year to $937.0 million (6.77 billion Chinese yuan), beating the analyst consensus estimate of $917.6 million. The decline reflected a fall in revenues from social entertainment services, partially mitigated by strong year-over-year growth in revenues from online music services. China’s leading online music and audio entertainment platform’s adjusted EPADS of $0.15 (CNY1.09) beat th
- Reuters
UPDATE 3-Tencent Music beats Q1 revenue estimates on strong rise in paid subscriptions
China's Tencent Music Entertainment Group beat first-quarter revenue estimates on Monday, helped by strong growth in paid subscriptions and advertising services on its Spotify-like music streaming platform. Tencent Music's shares rose over 8% in morning trade in New York after the company said the number of its paying users rose 20.2% to 113.5 million from a year earlier，marking a record quarterly growth for this metric. This marks the third straight quarter that Tencent Music has suffered a revenue decline.
