Tencent Music Entertainment Group (TME) CEO Cussion Pang on Q1 2020 Results - Earnings Call Transcript

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Q1: 2020-05-11 Earnings Summary

EPS of $0.09 beats by $0.00
 | Revenue of $889.06M (6.61% Y/Y) beats by $406.08K

Tencent Music Entertainment Group (NYSE:TME) Q1 2020 Earnings Conference Call May 11, 2020 8:00 PM ET

Company Participants

Millicent Tu - Investor Relations
Cussion Pang - Chief Executive Officer and Director
Tony Yip - Chief Strategy Officer and Head of Ultimate Music
Shirley Hu - Chief Financial Officer

Conference Call Participants

Eddie Leung - Bank of America
John Egbert - Stifel
Binnie Wong - HSBC
Alex Yao - JP Morgan
Wendy Chen - Goldman Sachs
Thomas Chong - Jefferies
Alex Ziyang - Macquarie
Zhijing Liu - UBS
Tian Hou - T.H. Capital
Hans Chung - KeyBanc

Operator

Ladies and gentlemen. Good evening and good morning and thank you for standing by. Welcome to the Tencent Music Entertainment Group 2020 First Quarter Earnings Conference Call.

Today, you will hear discussions from the management team of Tencent Music Entertainment Group, followed by a question-and-answer session. Please be advised that this conference is being recorded today.

Now I will turn the conference over to your speaker host today, Ms. Millicent Tu. Please go ahead, ma’am.

Millicent Tu

Thank you, operator. Hello everyone, and thank you all for joining us on today’s call. Tencent Music announced its quarterly financial results today after the market close. An earnings release is now available on our IR website at ir.tencentmusic.com, as well as via newswire services.

Today, you’ll hear from Mr. Kar Shun Pang, our CEO, who will start the call with an overview of our recent achievements and our growth strategies. He will be followed by Mr. Tony Yip, our CSO, who will offer more details on our operations and business developments. Lastly, Ms. Shirley Hu, our CFO, will address our financial results before we open the call for questions.

Before we proceed, please note that this call may contain forward-looking statements made pursuant to the safe

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