Tencent Music Entertainment Reports 27% Revenue Growth in Q3, Driven by Subscriptions and Live Events

Tencent Music Entertainment Group, China’s dominant online music and audio platform, reported strong third-quarter financial results, with online music service revenues climbing 27.2% year-over-year to RMB6.97 billion ($979 million) for the period ended Sept. 30, according to unaudited figures released Thursday. The Chinese music streaming giant’s growth was fueled by increases across multiple revenue streams, […]