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Tencent Music beats quarterly revenue estimates
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Tencent Music beats quarterly revenue estimates
May 26, 2025 6:31 AM

(Reuters) -Tencent Music Entertainment ( TME ) exceeded analysts' expectations for its first-quarter revenue on Tuesday, driven by growth in its streaming services.

The company posted revenue of 7.36 billion yuan ($1.02 billion) for the quarter ended March, beating analysts' estimates of 7.27 billion yuan, according to data compiled by LSEG.

($1 = 7.1993 Chinese yuan renminbi)

(Reporting by Kritika Lamba in Bengaluru and Yelin Mo in Beijing)

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