Tencent Music (TME) Reports In-Line Q4 EPS

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Go back to Tencent Music (TME) Reports In-Line Q4 EPS

Tencent Music Entertainment Group Announces Fourth Quarter and Full Year 2020 Unaudited Financial Results

March 22, 2021 4:05 PM EDT

SHENZHEN, China, March 22, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.

Financial and Operational Highlights

In the three months ended December 31, 2020:

Online music paying users reached 56.0 million, increasing by 40.4% year-over-year. On a sequential basis, the number of online music paying users grew by 4.3 million. Paying ratio was 9.0%, up from 8.0% in... More