May 18, 2021 07:15 AM (GMT+8) · EqualOcean
Today, Tencent Music Entertainment Group released its unaudited financial report for the first quarter of 2021. According to the report, in the first quarter of 2021, Tencent Music Entertainment Group's total revenue was 7.82 billion yuan, a year-on-year increase of 24.0%. Under non international financial reporting standards, the company's net profit is 1.24 billion yuan, and the net profit attributable to shareholders is 1.18 billion yuan. Online music payment users reached 60.9 million, up 42.6% year on year. Revenue from online music services grew 34.5% year on year. Online music subscription revenue rose 40.2% year on year to 1.69 billion yuan. Advertising service revenue increased by more than 100% year on year.