Tencent Music rises on upbeat quarterly revenue

Tencent Music Entertainment

18/03/2025 09:42

** Tencent Music's U.S.-listed shares TME.N rise 1.8% to $13.30 premarket

** Company reports fourth-quarter revenue of 7.46 billion yuan ($1.03 billion) vs est 7.30 billion yuan - LSEG

** Company reports second consecutive growth in quarterly revenue, after four straight quarters of decline, on the back of strength in its streaming service

** Fourth-quarter revenue from Tencent Music's social entertainment services business down 13% to 1.63 billion yuan

** In 2024, the company's share rose 26%

 (Reporting by Kritika Lamba in Bengaluru)

 ((Kritika.Lamba@thomsonreuters.com))