Tencent Music’s Income Beats View As Extra Chinese language Customers Pay For Songs
China’s Tencent Music Leisure Group bettered quarterly income estimates on Monday as a slate of unique content material helped its music streaming platform appeal to extra paying customers.
The corporate’s U.S. shares rose 5.9% in prolonged buying and selling after it mentioned customers who paid for on-line music jumped by 1 / 4 to 82.7 million. Music subscription income of the platform that operates like Spotify rose 18%.
Tencent Music additionally benefited from a push for unique content
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