Tencent Music Entertainment Group (TME) reported third-quarter earnings that surpassed Street estimates. The company’s earnings reached RMB2.212 billion, or RMB1.38 per share, up from RMB1.709 billion, or RMB1.01 per share, a year ago. Adjusted earnings were RMB2.477 billion or RMB1.54 per share, beating analysts’ expectations of RMB1.52 per share. Revenue for the period increased by 20.6% to RMB8.463 billion from RMB7.015 billion last year. This reflects a strong performance for Tencent Music Entertainment Group in the third quarter.

Read more at Nasdaq: Tencent Music Entertainment Group Q3 Profit Increases, Beats Estimates