Tencent Music Entertainment Group (TME) Q1 2023 Earnings Call Transcript

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Q1: 2023-05-16 Earnings Summary

EPS of $0.13 beats by $0.01
 | Revenue of $1.00B (2.51% Y/Y) beats by $10.76M

Tencent Music Entertainment Group (NYSE:TME) Q1 2023 Results Earnings Conference Call May 16, 2023 7:00 AM ET

Company Participants

Tony Yip - Chief Strategy Officer
Cussion Pang - Executive Chairman
Ross Liang - Chief Executive Officer
Shirley Hu - Chief Financial Officer

Conference Call Participants

Alex Poon - Morgan Stanley
Alicia Yap - Citigroup
Lei Zhang - Bank of America Securities
Wei Xiong - UBS
Xueqing Zhang - CICC
Yiwen Zhang - China Renaissance
Wei Fang - Mizuho Securities

Tony Yip

Good evening and good morning. Welcome to Tencent Music Entertainment Group's first Quarter 2023 Earnings Webinar. TME announced quarterly financial results today after market close and earnings release is now available on our IR website at ir.tencentmusic.com as well as via newswire services.

Today you hear from Mr. Cussion Pang, our Executive Chairman, who will start the call with an overview of our recent updates. Next, Mr. Ross Liang, our CEO, and I, Tony Yip, CSO, 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.

Before we continue, I refer you to our Safe Harbor statement in our earnings press release, which applies to this call, as we will make forward-looking statements. Please also note that the company will discuss non-IFRS measures today, which are more thoroughly explained and reconciled to the most comparable measures reported under IFRS in the company's earnings release and filings with the SEC.

At this time, all participants are muted. After management's presentation, there'll be a Q&A session. [Operator Instructions]. And please be advised that today's webinar is being recorded.

With that, I'm pleased to turn the call over to Cussion, Executive Chairman of TME. Cussion?

Cussion Pang

Thank you, Tony. Hello, everyone. And thank you for

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