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Tencent Music beats quarterly revenue estimates
Mar 19, 2024 2:25 AM

March 19 (Reuters) - China's Tencent Music Entertainment

Group ( TME ) beat fourth-quarter revenue estimates on

Tuesday, driven by growth in paid subscription on its

Spotify-like music streaming platform.

The audio entertainment platform reported revenue of 6.89

billion yuan ($957.02 million) for the fourth quarter. Analysts

on average had expected revenue of 6.71 billion yuan, according

to LSEG data.

($1 = 7.1994 Chinese yuan renminbi)

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