Tencent Music rises on upbeat quarterly revenue

ReutersMar 18, 2025 9:42 AM

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%

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