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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
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…