Tencent Music Entertainment Group (TME) CEO Ross Liang on Q1 2022 Results - Earnings Call Transcript

Tencent Music Entertainment Group (NYSE:TME) Q1 2022 Earnings Conference Call May 16, 2022 8:00 PM ET

Company Participants

Tony Yip - Chief Strategy Officer and Head of Ultimate Music

Cussion Pang - Executive Chairman

Ross Liang - Chief Executive Officer

Shirley Hu - Chief Financial Officer

Conference Call Participants

Alicia Yap - Citigroup

Alex Poon - Morgan Stanley

Xueqing Zhang - CICC

Eddie Leung - Bank of America Merrill Lynch

Wei Xiong - UBS

Ronald Keung - Goldman Sachs

Thomas Chong - Jefferies

Charlene Liu - HSBC

Operator

Ladies and gentlemen, good evening, and good morning, and thank you for standing by. Welcome to the Tencent Music Entertainment Group First Quarter 2022 Earnings Conference Call. Today, you will hear discussions from the management team of Tencent Music Entertainment Group followed by a question-and-answer session. Please be advised that this conference is being recorded today.

Now I will turn the conference over to your speaker host today, Mr. Tony Yip. Please go ahead, sir.

Tony Yip

Thank you, operator. Hello, everyone, and thank you all for joining us on today's call. TME announced its quarterly financial results today after the market closed, and earnings release is now available on our IR website at ir.tencentmusic.com, as well as via newswire services. Today, you will hear from Mr. Cussion Pang, our Executive Chairman, who will start the call with an overview of our recent updates; next, Mr. Ross Liang, our CEO; and I, Tony Yip, as CSO, will offer additional thoughts on our product strategies, operations and business developments; finally, Ms. Shirley Hu, our CFO, will address our financial results before we open the call for questions.

Before we continue, I refer you to our safe harbor statement in our earnings press release, which applies to this call as we will make forward-looking statements. Please also note that the company will discuss non-IFRS measures today, which are more thoroughly explained and reconciled to the most comparable measures reported under the IFRS in the company's earnings release and filings with the SEC, where you are reminded that such non-IFRS measures should not be viewed in isolation or as an alternative to the equivalent IFRS measure. The other non-IFRS measures are not uniformly defined by all companies, including those in the same industry.

With that, I'm pleased to turn over the call to Cussion, Executive Chairman of TME. Cussion?