Tencent Music’s Income Beats View As Extra Chinese language Customers Pay For Songs

The emblem of China’s Tencent Music Leisure Group is seen subsequent to an earphone on this illustration image taken March 22, 2021.

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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