Tencent Music beats quarterly revenue estimates-February 2024-www.financetom.com

Tencent Music beats quarterly revenue estimates

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Tencent Music beats quarterly revenue estimates

Aug 12, 2025 2:27 AM

Aug 12 (Reuters) - Tencent Music Entertainment ( TME )

surpassed second-quarter revenue expectations on

Tuesday, driven by stronger subscriber growth and rising

engagement with long-form audio content such as podcasts and

audiobooks.

Its revenue rose 17.9% to 8.44 billion yuan ($1.17 billion)

during the period, compared with analysts' average estimate of

7.96 billion yuan, according to data compiled by LSEG.

($1 = 7.1903 Chinese yuan renminbi)

Previous page： IMF warns Europe against prematurely declaring victory over inflation Next page： Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

IMF warns Europe against prematurely declaring victory over inflation

Nov 8, 2023

The Washington-based IMF said that cost of underestimating inflation’s persistence could be painfully high and result in another painful round of rate hikes that could rob the economy of a large chunk of growth.

Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28

Oct 23, 2023

Companies are increasingly committing to their own timelines for reducing their emissions, but many acknowledge that their ability to slow planet-warming CO2 emissions is contingent on faster action from governments.

Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues

Oct 23, 2023

The airline, which was once considered the pride of Pakistan and was the first international airline to be given access to fly to Beijing, is said to be suffering millions in losses on a daily basis.

This bank will cut bonus if employees don't come back to work

Nov 22, 2023

ANZ managers have informed their respective teams about the new policy this week in generic emails, reaffirming the bank's expectation that staff devote at least half their working hours in the office each month, afr.com reported.