Growing Streaming Subscriptions Lift Tencent Music Entertainment Profits in Third Quarter ...Middle East

Growing streaming subscriptions lifted the bottom line at Tencent Music Entertainment, in the third quarter of its financial year, despite a top line decrease in revenues. Net profits hit $173 million (RMB1.26 billion), representing a 16% year-over-year increase. Tencent Music, which is a major stakeholder in both Spotify and Universal Music Group, reported figures on […]

Hence then, the article about growing streaming subscriptions lift tencent music entertainment profits in third quarter was published today ( Tuesday 14/11/2023 - 01:20 PM ) and is available on Variety ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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