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Tencent Music Entertainment beats quarterly revenue estimates
Aug 13, 2024 2:39 AM

Aug 13 (Reuters) - Tencent Music Entertainment ( TME )

topped estimates for quarterly revenue on Tuesday, as the paid

subscriber base continues to grow across its music streaming

platforms.

Total revenue of the Tencent Holdings ( TCTZF )-controlled

company fell to 7.16 billion yuan ($998.59 million)in the second

quarter. Analysts were expecting revenue of 7.14 billion yuan,

according to LSEG data.

($1 = 7.1701 Chinese yuan renminbi)

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