Yazılar

Tencent Music Beats Q2 Estimates as Content Expansion Fuels Growth

/in /tarafından

Tencent Music Entertainment (1698.HK) reported stronger-than-expected second-quarter results on Tuesday, with revenue rising nearly 18% year-on-year to 8.44 billion yuan ($1.17 billion), surpassing analysts’ forecasts of 7.96 billion yuan. Shares of the U.S.-listed company jumped 6.6% in pre-market trading.

The growth was driven by an expanded content portfolio, including podcasts, audiobooks, and new music tie-ups that boosted user engagement and subscriber numbers. Tencent Music’s Super VIP program — which offers bundled services like high-quality audio, online karaoke, and exclusive events — has grown to around 15 million subscribers.

The company also expanded partnerships with global and domestic labels, striking first-time agreements with The Black Label and H MUSIC to tap into rising K-pop demand, while continuing collaborations with Chinese artists such as Wang Feng.

Revenue from music subscriptions climbed 17.1% to 4.38 billion yuan, offsetting an 8.5% decline in social entertainment services, which fell to 1.59 billion yuan. Tencent Music’s adjusted earnings reached 1.66 yuan per American Depository Share, beating expectations of 1.46 yuan.

In June, Tencent Music announced a $2.4 billion cash-and-stock deal to acquire Chinese audio platform Ximalaya, further strengthening its catalog and targeting deeper market penetration. Analysts at CFRA Research noted that product innovation, content diversification, and AI-driven personalization would likely support Tencent Music’s sustained growth trajectory.

Apple Supplier Skyworks Solutions Forecasts Strong Q4 Results on Robust Chip Demand

/in /tarafından

Skyworks Solutions (SWKS.O), a key Apple supplier, projected fourth-quarter revenue and profit above Wall Street estimates on Tuesday, driven by sustained demand for its analog chips despite economic uncertainties. The company’s shares rose about 10% in extended trading.

CEO Phil Brace highlighted positive momentum in mobile markets and steady demand across sectors including edge IoT, automotive, and data centers. Skyworks designs and manufactures analog and mixed-signal chips used widely in wireless communications, automotive, industrial, and consumer electronics.

For the fourth quarter, Skyworks expects revenue between $1 billion and $1.03 billion, significantly higher than analyst estimates of $887.4 million. Adjusted earnings per share are forecast at $1.40, outperforming expectations of 97 cents per share.

In the third quarter ended June 27, Skyworks reported revenue of $965 million, beating estimates of $940.9 million. However, profit per share declined to 70 cents from 75 cents a year earlier. The company also recently appointed Robert Schriesheim as interim finance chief after a change in leadership plans earlier this year.

Fox Surpasses Quarterly Estimates, Increases Buyback Authorization by $5 Billion

/in /tarafından

Fox Corp (FOXA.O) reported quarterly revenue and profit that exceeded Wall Street expectations, driven by strong advertising growth, rising affiliate fees, and the expanding audience of its free ad-supported streaming service, Tubi. The company also announced an increase of $5 billion to its share repurchase authorization.

In the fiscal fourth quarter, revenue from affiliate fees rose 2.6%, supported by growth across both cable and television segments. Despite challenging comparisons with last year’s major international sports events like Copa America and the UEFA European Championship, Fox benefited from improving advertising trends. Advertising revenue grew 7.1%, fueled primarily by digital growth led by Tubi and higher news ratings and pricing.

Tubi’s growth strengthens Fox’s position in the fast-expanding ad-supported streaming sector, attracting younger, cord-cutting viewers who are less reachable via traditional TV. Building on this momentum, Fox plans to launch a subscription-based streaming service, Fox One, on August 21 at $19.99 per month to extend its reach beyond cable TV.

In June, Fox expanded its sports broadcasting footprint in Mexico by acquiring Caliente TV, a sports-focused streaming platform and television channel.

Fox’s total revenue for the quarter rose 6.3% to $3.29 billion, beating estimates of $3.12 billion. The cable network programming unit posted nearly 7% revenue growth to $1.53 billion amid the ongoing shift to digital streaming.

Adjusted earnings per share came in at $1.27, surpassing analysts’ estimates of 99 cents.