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Tencent Music Revenue Jumps 18% on Strong Subscription Growth: ‘Impressive Momentum’
While Tencent Music’s total number of monthly average users fell 3% to 551 million, the number of subscribers rose 6.3% to 124.4 million. That drove a 17% year-over-year increase in music subscriptions revenue to a total of 4.38 billion RMB ($611 million). Overall online music services revenue rose to 6.85 billion RMB ($957 million).
The HK-listed stock has added more than $192.5 billion in market value this year. Read more at straitstimes.com. Read more at ...
Tencent Music Entertainment beat estimates for second-quarter revenue on Tuesday as an expanded content library drove higher ...
Shares of Tencent Music Entertainment (TME) rose nearly 12% in the U.S. on Tuesday after it posted a top- and bottom-line ...
Tencent Cloud, the cloud business of global technology company Tencent, announced the upgrade of its AIoT 2.0 product ...
Chinese authorities have summoned domestic companies including major internet firms Tencent and ByteDance over their ...
Tencent has made quiet but notable changes to the Steam page for its upcoming title, Light of Motiram after Sony's Horizon ...
One other point of note: Light of Motiram was set to come out in late 2025, but the Steam page now indicates it's coming in ...
Sony is suing Tencent, alleging its upcoming game Light of Motiram is "a slavish clone of SIE's...Horizon series of video games." The complaint, which was filed in a California court last week, ...
Tencent Music Entertainment Group (TME.US) spiked 3.35% pre-market, trading at US$23.46. TME-SW (01698.HK) announced its ...
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