TechNode
Tencent Music Entertainment Group (TME), the music streaming arm of Chinese tech giant Tencent, reported Q1 2025 revenue of RMB 7.36 billion ($1.01 billion), an 8.7% increase year-over-year, driven by a surge in online music subscriptions. Revenue from music services rose nearly 16% to RMB 5.8 billion ($800 million…
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Tencent Music posts solid Q1 as online subscriptions offset social decline
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18:21
Tencent Music Entertainment Group (TME), the music streaming arm of Chinese tech giant Tencent, reported Q1 2025 revenue of RMB 7.36 billion ($1.01 billion), an 8.7% increase year-over-year, driven by a surge in online music subscriptions. Revenue from music services rose nearly 16% to RMB 5.8 billion ($800 million…
