Tencent Music misses by $0.04, reports revs in-line
- Reports Q1 (Mar) earnings of RMB 0.69 per share, RMB 0.04 worse than the S&P Capital IQ Consensus of RMB 0.73; revenues rose 23.9% year/year to RMB 7.82 bln vs the RMB 7.77 bln S&P Capital IQ Consensus.
- Mobile MAU - online music of 615 mln, down 6.4% yr/yr.
- Mobile MAU - social entertainment of 224 mln, down 14.2% yr/yr.
- Monthly ARPPU - online music of RMB 9.3, down 1.1%
- Month ARPPU - social entertainment of RMB 149.7, up 35.7%.