Core Viewpoint - Tencent Music (TME.US) reported a strong Q3 performance with revenue of 8.46 billion yuan, a year-on-year increase of 20.6%, surpassing the forecast of 8.23 billion yuan [1] Financial Performance - Revenue for Q3 reached 8.46 billion yuan, up 20.6% year-on-year, exceeding the expected 8.23 billion yuan [1] - Operating profit was 2.71 billion yuan, also above the forecast of 2.68 billion yuan [1] Market Reaction - Tencent Music's stock price rose nearly 5% in pre-market trading, reaching $21.77 [1] - The stock's closing price prior to the announcement was $21.55, with a trading volume of 8.73 million shares [1] Strategic Insights - The company is expanding its reach to music platform companies, leveraging its leading position in the industry [1] - AI technology is enhancing user engagement and advertising effectiveness, contributing to the growth in advertising revenue [1]
美股异动丨Q3业绩超预期，腾讯音乐盘前涨近5%