Latest news with #CussionPang
Business Insider
3 days ago
- Business
- Business Insider
UnitedHealth suspends outlook, Under Armour reports Q4 beat; Morning Buzz
The S&P 500 was higher near noon amid renewed optimism over a temporary trade agreement between the U.S. and China. The Dow Jones Industrial Index was the only major index in the red, as it was dragged down by UnitedHealth after news of a CEO change and a suspension of guidance amid rising medical costs. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Looking to commodities, the price of gold was fractionally higher, rebounding somewhat from recent losses. Oil prices were sharply higher again, continuing the commodity's recent rally after a dismal April. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: 2. WALL STREET CALLS: Peloton (PTON) upgraded at Macquarie, here's why Monness Crespi upgraded Coinbase (COIN) with Q2 guidance looking 'conservative' Caterpillar (CAT) upgraded to Outperform from Neutral at Baird Barclays double downgraded Enphase Energy (ENPH) to Underweight from Overweight while the stock was also downgraded to Underperform at BNP Paribas Exane and BMO Capital Halozyme (HALO) and J&J (JNJ) had their ratings cut following CMS draft guidance 3. AROUND THE WEB: 5. EARNINGS/GUIDANCE: Honda (HMC) reported FY25 results and provided guidance for FY26 Y-mAbs (YMAB) reported Q1 results, with EPS and revenue beating consensus Bayer (BAYRY) reported Q1 results and confirmed its outlook for 2025 Tencent Music (TME) reported Q1 results, with Executive Chairman Cussion Pang commenting, 'Our strong first-quarter performance… underscores the successful execution of our high-quality growth strategy' (JD) reported Q1 results, with CEO Sandy Xu commenting, 'We saw a strong start to the year' INDEXES: Near midday, the Dow was down 0.36%, or 152.95, to 42,257.15, the Nasdaq was up 1.56%, or 292.34, to 19,000.69, and the S&P 500 was up 0.81%, or 47.09, to 5,891.28.
Yahoo
13-05-2025
- Business
- Yahoo
Tencent Music Q1 Paying User Growth More Than Offsets Monthly Active User Loss
Tencent Music Entertainment Group (NYSE:TME) reported its first-quarter results on Tuesday. The company reported quarterly revenues of $1.01 billion, which is in line with the street view. Revenues increased 8.7% year over year, primarily due to strength in online music services, partially offset by a decline in revenues from social entertainment services and others. China's online music and audio entertainment platform's adjusted EPADS of 19 cents (1.37 Chinese yuan) was in line with the analyst consensus from music subscriptions were $581 million, representing 16.6% Y/Y growth. Monthly active users (MAUs) for online music declined by 4.0% Y/Y to 555 million. Paying users for online music grew by 8.3% Y/Y to 122.9 million. The monthly average revenue per user (ARPPU) for online music grew by 7.5% Y/Y to 11.4 million Chinese yuan. Gross margin increased to 44.1% from 40.9%, primarily due to strong revenue growth from music subscriptions and advertising services and the ramp-up of its content. Net profit attributable to equity holders of the company was $591 million, representing 201.8% Y/Y growth. In the first quarter, the company we received a 2% equity interests of Universal Music Group through a distribution-in-kind from one of the associates, which was designated as financial assets at fair value through other comprehensive income, and recognized a gain of $327 million on deemed disposal of this associate. Total cash, equivalents, term deposits, and short-term investments as of March 31, 2025, were $5.19 billion. On March 17, 2025, the company's board of directors declared a cash dividend of 9 cents per ordinary share, or 18 cents per ADS, for the year ended December 31, 2024. Executive Chairman Cussion Pang said following a good start to the year, the company remains on track and well positioned to achieve sustainable growth in 2025 and beyond. Price Action: TME shares are trading lower by 3.22% to $13.87 at last check on Tuesday. Photo by Evan El-Amin via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Tencent Music Q1 Paying User Growth More Than Offsets Monthly Active User Loss originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
23-03-2025
- Business
- Yahoo
Why Tencent Music Entertainment Group Was Music to Investor Ears This Week
The market very much liked what it heard coming from China's Tencent Music Entertainment Group (NYSE: TME) this week. A better-than-expected earnings report the company published on Tuesday was enough of a hit to rise the stock nearly 12% higher in price over the period, according to data compiled by S&P Global Market Intelligence. This was the final earnings release for Tencent Music's 2024, and it covered both the fourth quarter and the entirety of the year. The company's total revenue amounted to 7.46 billion yuan ($1.03 billion) for the quarter, which was more than 8% higher than the comparable period of 2023. The majority of that came from music subscriptions; these rose a robust 18% to 4.03 billion yuan ($557 million), helped in no small part by a 13% increase in the count of paying users. On the bottom line, Tencent Music's profit in accordance with IFRS standards grew to nearly 2.08 billion yuan ($287 million) from the year-ago result of 1.41 billion yuan ($195 million). The latest profitability number shook out to 1.26 yuan ($0.17) per each of the company's American depositary shares (ADSes). In addition to posting healthy growth figures, Tencent Music also topped analyst estimates for the quarter. Collectively, the prognosticators tracking the company were anticipating 7.30 billion yuan ($1 billion) on the top line, and 1.22 yuan ($0.17) per ADS for IFRS net income. In the earnings release, Tencent quoted its executive chairman Cussion Pang as saying, "Our pioneering initiatives across the music value chain have reshaped the industry landscape and enriched our ecosystem, boosting subscriber penetration rate and lifetime value." That's largely C-suite hype, and fancy speak for what's basically a useful service that provides what its audience wants in modern music broadcasting. Tencent Music does what it does quite well, and the rising top and bottom lines are indicative of this. That makes the stock one to watch, although investors should bear in mind the country's economy isn't as hot as it once was. Before you buy stock in Tencent Music Entertainment Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Tencent Music Entertainment Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $726,481!* Now, it's worth noting Stock Advisor's total average return is 835% — a market-crushing outperformance compared to 164% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 18, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Tencent Music Entertainment Group Was Music to Investor Ears This Week was originally published by The Motley Fool Sign in to access your portfolio
