Tencent Music Entertainment beats quarterly revenue estimates

Tencent Music Entertainment

13/08/2024 10:03

Aug 13 (Reuters) - Tencent Music Entertainment  1698.HK 
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-controlled  0700.HK 
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)

 (Reporting by Harshita Mary Varghese in Bengaluru; Editing by
Alan Barona)
 ((HarshitaMary.Varghese@thomsonreuters.com))