Скачать или смотреть Tencent Music Entertainment (TME|$21.5B) - 2024 Q4 & Full Year Earnings Analysis

#TME Tencent Music Entertainment 2024 Q4 & Full Year Earnings: Tencent Music Entertainment reported strong revenue growth and profitability in Q4 2024, beating EPS expectations.

Revenue: $1.02 billion

Adj. EPS: $0.20 vs. forecast $0.18 (2 analysts)

Net Profit Growth YoY: 47.3%

Share Repurchase: $1 billion

Mr. Cussion Pang, Executive Chairman of TME, commented, “2024 was a year of solid progress for TME, marked by strong performance in our online music business driving overall revenue growth and expanding profit margins. Our pioneering initiatives across the music value chain have reshaped the industry landscape and enriched our ecosystem, boosting subscriber penetration rate and lifetime value. We closed fourth quarter with advancements across key areas of online music business, laying a stronger foundation for future growth and innovation. With confidence into 2025, we are pleased to announce an annual dividend of approximately US$273 million and an expanded share repurchase program of up to US$1 billion. We are committed to delivering shareholder value while strategically positioning the company for long-term success.”

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