news 
Tencent Music Revenue Jumps 18% on Strong Subscription Growth: ‘Impressive Momentum’
Tencent Music Entertainment (TME) has announced a significant revenue increase of nearly 18% to 8.44 billion RMB ($1.18 billion) in the second quarter, driven by strong subscription growth.
According to the company’s latest earnings report, the number of subscribers rose 6.3% to 124.4 million, leading to a substantial jump in music subscriptions revenue, which grew 17% year-over-year to a total of 4.38 billion RMB ($611 million).
Source: www.billboard.com
