Reported 2 months ago
Tencent Music Entertainment experienced a smaller-than-expected 1.7% decline in quarterly revenue, reaching 7.16 billion yuan, aided by a 27.7% increase in paying subscribers in its online music sector. Despite a significant drop in revenue from social entertainment due to ongoing regulatory challenges, the company's growth in online music offsets this decline, demonstrating resilience amid external pressures.
Source: YAHOO