Tencent Music beats by $0.11, beats on revs
- Reports Q4 (Dec) earnings of RMB 0.81 per share, RMB 0.11 better than the S&P Capital IQ Consensus of RMB 0.70; revenues rose 35.1% year/year to RMB 7.29 bln vs the RMB 7.08 bln S&P Capital IQ Consensus.
- Online Music ARPPU increased by 8.1% year over year.
- Paying users for online music increased 47.8% to 39.9 mln.
- Monthly ARPPU for online music increased 8.1% yr/yr to RMB9.3.