Tencent Music Entertainment Group Inc is scheduled to report earnings Tuesday before the bell.
The biggest online music platform in China is expected to post second-quarter revenue of $1.01 billion and earnings of $0.14 per share.
Investors will be watching for continued subscriber growth after Tencent reported 18% growth in the first quarter to a total paying user base of 94.4 million.
Shares of the company are up more than 50% over the past year, albeit down about 25% thus far in 2023.
Tencent Music is a subsidiary of Tencent Holdings (HKG:0700, OTC:TCEHY), the company that owns WeChat.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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