Reported 2 days ago
Tencent Music Entertainment (TME) reported a revenue increase of 8.2% to 7.46 billion yuan for the last quarter, exceeding analyst predictions. This growth marks the second consecutive quarter of recovery for TME, fueled by strong demand for its streaming services, particularly its premium Super VIP membership. However, the overall growth was impacted by declines in the social entertainment segment due to regulatory changes affecting live-streaming features.
Source: YAHOO