Tencent Music Entertainment , the biggest streaming-music service in China, is set to report fourth-quarter earnings after Tuesday's closing bell. Here's what analysts surveyed by Bloomberg are expecting:
This will be the first time that Tencent Music has released earnings since going public in the US in December. The company postponed its initial-public-offering for two months over fears that the brutal sell-off that wreaked havoc on markets in October and November would affect its pricing. Tencent Music's offering raised $1.1 billion, making it the fourth-largest Chinese IPO last year by deal value.
Tencent Musicoperates several popular music brands in China including QQ Music, Kugou, Kuwo and WeSing and had more than 800 million unique monthly active users in the second quarter of 2018, according to its filing.
Tencent Music was up 48% this year through Tuesday.
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