Tencent Music Entertainment Group (TME) stock price is down over 24% year-to-date. George Tsilis joins Alex Coffey and Jenny Horne to state that Chinese stocks are reacting to the government in China. The earnings report estimate for EPS is $0.08 and $1.2B for revenue. Tsilis also weighs in on how the company compares to Spotify (SPOT), stating that Tencent Music has around 850M users. However, is the performance of the TME stock a reaction to regulatory and social media constraints in China? Tune in for the full discussion.
22 Mar 2022