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Tencent Music Entertainment (TME) said on Tuesday a 17%-surge in music subscription revenue drove higher first quarter revenue for China’s fast-growing streaming platform. Total revenues rose 8.7% to RMB7.36 billion (US$1.01 billion), with music subscription revenue up 16.6% to RMB4.22 billion (US$581 million) for the quarter ending March 31, 2025, compared to the same time period a year ago. TME’s total subscriber base now stands at 122.9 million, up 8.3% from a year ago. While that is still …
続きを読む>>Tencent Music’s Streaming Subscriptions Jump 17%, Driving Strong Profit and Revenue Growth
