Tencent Music Profits Reach $735 Million, Despite Revenue Decline

Net profits at Tencent Music Entertainment, China’s largest digital music company, climbed 36% to reach $ 735 million (RMB5.22 billion) in 2023 – despite revenues declining by 2% to $ 3.91 billion. Fourth quarter profits were worth $ 198 million (RMB1.41 billion), earned from revenues 7% down at $ 971 million (RMB6.89 billion). The final figures cap a year […]
Variety