Tencent Music (TME) Reports In-Line Q2 EPS
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Tencent Music Entertainment Group Announces Second Quarter 2021 Unaudited Financial Results
August 16, 2021 4:05 PM EDTSHENZHEN, China, Aug. 16, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2021.
Financial and Operational Highlights
In the three months ended June 30, 2021:
Total revenues were RMB8.01 billion (US$1.24 billion), representing an increase of 15.5% year-over-year. Online music services revenues grew by 32.8% year-over-year. Revenues from music subscriptions were RMB1.79 billion (US$277 million), representing a 36.3% year-over-year growth.... More