Tencent Music Beats Revenue Estimates, Huya Misses Despite EPADS Beat

Tencent Music Entertainment reported non-GAAP EPADS of $0.25, beating estimates by $0.01, with revenue of $1.32 billion also surpassing expectations. Huya's non-GAAP EPADS of $0.02 beat by $0.01, but its revenue of $256.3 million missed estimates by $6.71 million.