Consumer Discretionary Aug 17, 2021 07:34 AM (GMT+8) · EqualOcean
Tencent music recently announced unaudited financial results for the second quarter of fiscal year 2021 as of June 30. During the reporting period, the total revenue of Tencent music in the second quarter was 8.01 billion yuan, a year-on-year increase of 15.5%; The net profit attributable to the shareholders of the company was 827 million yuan, a year-on-year decrease of 12%. The number of online music paying users reached 66.2 million, a year-on-year increase of 40.6%. Compared with the previous quarter, the number of online music paying users increased by 5.3 million, the largest quarterly net growth since 2016.
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