BRIEF: Tencent Music profit jumps on strong gains for music service
Tencent Music Entertainment Group (TME.US; 1698.HK) said Tuesday its revenue rose 6.8% year-on-year to 7.02 billion yuan ($1 billion) in the third quarter, while its non-GAAP adjusted net profit jumped…
FAST NEWS: Tencent Music’s profit climbs on paying user growth
The Latest: Tencent Music Entertainment Group (TME.US; 1698.HK) on Tuesday announced its second-quarter net profit rose 29.6% year-on-year to 1.68 billion yuan ($231 million). Looking Up: The company's profit rose even as its…
FAST NEWS: Cloud Music posts first annual profit
The latest: Chinese music platform Cloud Music Inc. (9899.HK) on Thursday reported a net profit of 734 million yuan ($102 million) for 2023, reversing a loss of 221 million yuan in 2022…
FAST NEWS: Tencent Music’s profit jumps, but social entertainment revenue sinks
The latest: Tencent Music Entertainment Group (TME.US; 1698.HK) on Tuesday announced its third-quarter net profit rose 10.1% year-on-year to 1.17 billion yuan ($160 million), mainly due to a 14.8% drop…
FAST NEWS: Cloud Music shares plunge on revenue decline
The latest: Chinese music platform Cloud Music Inc. (9899.HK) last Friday reported first-quarter revenue of 1.96 billion yuan ($277 million), down 5.2% year-over-year and 17.5% quarter-over-quarter, respectively. Its gross profit for…
FAST NEWS: Cloud Music’s Loss Narrows on Better User Monetization
The latest: Cloud Music Inc. (9899.HK), the music arm of gaming giant NetEase (NTES.US; 9999.HK), announced Thursday that its revenue rose 28.5% to 8.99 billion yuan ($1.29 billion) last year,…
Tencent Music Hears Happy Tunes from Growing List of Paying Users
China’s leading online music service provider’s profit grew 38.7% in the third-quarter Key Takeaways:Tencent Music’s net profit jumped by 38.7% in the third quarter to over 1 billion yuan as…
