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Tencent Music Revenue Jumps 18% on Strong Subscription Growth: ‘Impressive Momentum’
While Tencent Music’s total number of monthly average users fell 3% to 551 million, the number of subscribers rose 6.3% to 124.4 million. That drove a 17% year-over-year increase in music subscriptions revenue to a total of 4.38 billion RMB ($611 million). Overall online music services revenue rose to 6.85 billion RMB ($957 million).
Q2 2025 Earnings Call Transcript August 11, 2025 Millicent T.: Good evening, good morning, and welcome to Tencent Music Entertainment Group’s Second Quarter 2025 Earnings Conference Call. I’m ...
Tencent Music Entertainment Group on August 12 reported revenue of RMB 8.44 billion ($1.16 billion) in the second quarter of ...
CEO Cheol-hyuk Jang said SM aims to create “a comprehensive idol success model” in partnership with Tencent Music.
Tencent Music made more efforts to build its content ecosystem in the second quarter. It acquired a 9.4 percent stake in ...
South Korea's Hybe said in a regulatory filing that it plans to sell its 2.2 million shares in SM Entertainment to Tencent Music Entertainment for 243 billion won ($177 million) on May 30.
Hybe, the group behind K-pop superstars BTS, said Tuesday that it will sell its remaining stake in competitor SM Entertainment to Tencent's music unit. Hybe has a nearly 10% stake in SM ...
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