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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).
Tencent has more than cheapness going for it, with earnings estimates higher than ever ahead of the company’s results due ...
Tencent Music Entertainment beat estimates for second-quarter revenue on Tuesday as an expanded content library drove higher ...
Tencent Music made more efforts to build its content ecosystem in the second quarter. It acquired a 9.4 percent stake in ...
Shares of Tencent Music Entertainment (TME) rose nearly 12% in the U.S. on Tuesday after it posted a top- and bottom-line ...
Authorities have summoned domestic companies like Tencent and ByteDance over their purchases of Nvidia's H20 chips, asking ...
Tencent Cloud, the cloud business of global technology company Tencent, announced the upgrade of its AIoT 2.0 product ...
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, ...
As global tech megacaps climb to new records, investors see a chance for Tencent shares to catch up. While it has added more than $150 billion in market value this year, shares remain 26% below its ...
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