Tencent Music (TME) tops earnings, revenue expectations in Q4

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Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2023 Unaudited Financial Results

March 19, 2024 5:00 AM EDT

Fourth quarter music paying users up 20.6% with monthly ARPPU increased by 20.2% year-over-yearNet adds of 18.2 million music paying users recorded in 2023, up from 12.3 million in 2022

SHENZHEN, China, March 19, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced its unaudited financial results for the fourth... More