Tencent Music (TME) Reports In-Line Q4 EPS
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Tencent Music Entertainment Group Announces Fourth Quarter and Full Year 2020 Unaudited Financial Results
March 22, 2021 4:05 PM EDTSHENZHEN, China, March 22, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.
Financial and Operational Highlights
In the three months ended December 31, 2020:
Online music paying users reached 56.0 million, increasing by 40.4% year-over-year. On a sequential basis, the number of online music paying users grew by 4.3 million. Paying ratio was 9.0%, up from 8.0% in... More