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Tencent Music Reports Double-Digit Subscriber and Profit Jumps for Q4 2024 — Paid Users Now Exceed 120 MillionTencent Music (NYSE: TME) achieved 18% year-over-year subscription revenue growth during Q4 2024, when paid users cracked 120 million and net profit increased by north of 47%, per a new earnings ...
Tencent Music’s (TME) board of directors has recently authorized a new share repurchase program under which the company may repurchase up to $1B of its Class A ordinary shares during a 24-month ...
With around 550 million monthly active users, Tencent Music Entertainment is the largest music streaming platform in China. The firm monetizes its services mainly through monthly subscriptions ...
The big Asian company posted its fourth-quarter and full-year 2024 earnings. For the former period, it notched a double beat on analyst projections. This was the final earnings release for Tencent ...
Tencent Music Entertainment Group (TME), China‘s dominant music streaming platform, announced robust fourth-quarter 2024 financial results on Tuesday, marked by substantial growth in its music ...
The company also announced a $273 million dividend and a $1 billion share repurchase program. By Glenn Peoples Tencent Music Entertainment surpassed revenue of $1 billion in the fourth quarter ...
Tencent Music's 4Q24 shows strong growth in online music services but continued weakness in social entertainment, leading to a cautious stock outlook. Music subscription revenue grew 18% y/y ...
Reports Q4 revenue $1.02B. The number of paying users increased by 13.4% year-over-year to 121M, up by 2M from the third quarter of 2024. Cussion Pang, executive chairman of TME, commented ...
(Reuters) -Tencent Music Entertainment Group's revenue rose 8.2% in the fourth quarter, as China's biggest music streaming company registered its second straight quarter of growth after a year ...
This was the final earnings release for Tencent Music's 2024, and it covered both the fourth quarter and the entirety of the year. The company's total revenue amounted to 7.46 billion yuan ($1.03 ...
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