Tencent Music Entertainment beats quarterly revenue estimates

Tencent Music Entertainment

18/03/2025 09:05

March 18 (Reuters) - Tencent Music Entertainment 1698.HK beat analysts' expectations for fourth-quarter revenue on Tuesday, backed by the strong growth of streaming services.

For the three months through December, the company's revenue rose 8.2% from a year earlier to 7.46 billion yuan ($1.03 billion), above analysts' average estimate of 7.30 billion yuan, according to data compiled by LSEG.

($1 = 7.2228 Chinese yuan renminbi)

 (Reporting by Kritika Lamba in Bengaluru and Yelin Mo in Beijing)

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