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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).
CEO Cheol-hyuk Jang said SM aims to create “a comprehensive idol success model” in partnership with Tencent Music.
Good evening, good morning, and welcome to Tencent Music Entertainment Group's Second Quarter 2025 Earnings Conference Call. I'm Millicent T., Head of IR. We announced our quarterly financial results ...
Tencent Music Entertainment beat estimates for second-quarter revenue on Tuesday as an expanded content library drove higher ...
Investors were happy to crank Tencent Music ( TME 11.78%) on Tuesday. Following the release of encouraging quarterly results ...
SEOUL, May 27 (Yonhap) -- K-pop powerhouse Hybe said Tuesday it will sell its entire stake in rival SM Entertainment to China's Tencent for 200 billion won (US$145.5 million). In a regulatory ...
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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