Initial estimates: Tencent Music Entertainment Group (A) American Depositary Share Repr 2 A reports quarterly results

Tencent Music Entertainment Group (A) American Depositary Share Repr 2 A is expected to provide an earnings statement on 05/16/2023 for the quarter ended 03/31/2023.

On average, 12 analysts expect earnings per share of 0.704 CNY. In the same quarter last year, 0.370 CNY per share was on the books.

On average, 13 analysts expect sales of 6.88 billion CNY – that would be an increase of 3.59 percent compared to the same quarter last year, in which 6.64 billion CNY had been sold.

Forecasts by 25 analysts for the current fiscal year are average earnings per share of CNY2.81, up from CNY2.27 per share last year. For annual sales, 26 analysts expect an average of CNY 29.71 billion compared to CNY 28.34 billion in the previous year.

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