Tencent Music beats quarterly revenue estimates

Tencent Music Entertainment

13/05/2025 10:02

May 13 (Reuters) - Tencent Music Entertainment 1698.HK 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)

 ((Kritika.Lamba@thomsonreuters.com;))