Music Business Worldwide reports: “Tencent Music Entertainment, China’s largest music streaming company, reported forecast-beating financial results for the fourth quarter and full-year 2024, with annual subscription revenue surpassing the $2 billion milestone. Annual subscription revenue surged 25.9% YoY in 2024 to RMB 15.23 billion (USD $2.12 billion at the average exchange rate for 2024) from RMB 12.1 billion in 2023 (USD $1.71 billion at the average exchange rate for 2023), according to TME’s latest financial report published Tuesday (March 18).”
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Featured Top Slider Tencent Music Now Generates Over $2Bn From Music Streaming Subscriptions Annually
