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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

May 13 (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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