Tencent Music Entertainment's (TME) CEO Ross Liang on Q2 2021 Results - Earnings Call Transcript

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Q2: 2021-08-16 Earnings Summary

EPS of $0.10 beats by $0.01
 | Revenue of $1.24B (24.21% Y/Y) misses by $13.69M

Tencent Music Entertainment Group (NYSE:TME) Q2 2021 Earnings Conference Call August 16, 2021 8:00 PM ET

Company Participants

Millicent T. – Investor Relations
Cussion Pang – Executive Chairman
Ross Liang – Chief Executive Officer
Tony Yip – Chief Strategy Officer
Shirley Hu – Chief Financial Officer

Conference Call Participants

Alicia Yap – Citigroup
Alex Poon – Morgan Stanley
Eddie Leung – Bank of America
Thomas Chong – Jefferies
Piyush Mubayi – Goldman Sachs
Alex Yeo – JPMorgan

Operator

Ladies and gentlemen, good evening, and good morning, and thank you for standing by. Welcome to the Tencent Music Entertainment Group 2020 Second 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'll turn the conference over to your speaker host today, Ms. Millicent T. Please go ahead, ma'am.

Millicent T.

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. Cussion Pang, our Executive Chairman, who will start the call with an overview of our recent updates. He will be followed by Mr. Ross Liang, our CEO; and Mr. Tony Yip, our CSO, who will offer additional thoughts on our product strategies, operations and business developments.

Finally, Ms. Shirley Hu, our CFO, will address our financial results before we open the call for questions. Please note that this call may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and observations that involve

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