Tencent Music’s Second-Quarter Revenue Rises 5.8% to RMB 8.93 Billion
Tencent Music’s total revenue in the second quarter was RMB8.93 billion ($1.32 billion), up 5.8% from a year earlier. Revenue from music-related services rose 11.0% year over year to RMB7.61 billion ($1.12 billion). Revenue from music-related membership services increased 8.1% year over year to RMB4.79 billion ($706 million).
Tencent Music’s total revenue in the second quarter was RMB8.93 billion ($1.32 billion), up 5.8% from a year earlier.
Revenue from music-related services rose 11.0% year over year to RMB7.61 billion ($1.12 billion). Revenue from music-related membership services increased 8.1% year over year to RMB4.79 billion ($706 million).
Revenue from music-related services rose 11.0% year over year to RMB7.61 billion ($1.12 billion). Revenue from music-related membership services increased 8.1% year over year to RMB4.79 billion ($706 million).