Results for: TME

Tencent Music Entertainment Group (TME) announced a strategic partnership with Galaxy Corporation, representing K-pop icon G-Dragon, for his upcoming regional tour. This collaboration aims to enhance TME’s global presence and strengthen its position in the international music industry. While the news is positive, TME shares are trading lower in the premarket.

Tencent Music Entertainment Group (TME) saw a slight revenue dip in the second quarter of 2024, attributed to a decrease in social entertainment services. However, the company saw strong growth in online music services, driven by a significant increase in paying subscribers and higher revenue per user.