Nov 12 (Reuters) - Tencent Music Entertainment missed quarterly revenue estimates on Tuesday, as Beijing's crackdown on online gambling continues to impact its social entertainment segment.
The China-based company's revenue was at 7.02 billion yuan ($970.23 million) in the third quarter, compared with analysts' estimate of 7.04 billion yuan, according to data compiled by LSEG.
($1 = 7.2354 Chinese yuan renminbi)
(Reporting by Harshita Mary Varghese in Bengaluru and Yelin Mo in Beijing; Editing by Shilpi Majumdar)
((HarshitaMary.Varghese@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.