On March 18, 2025, Tencent Music Leisure Group launched its unaudited monetary outcomes for the fourth quarter and full 12 months ended December 31, 2024. The consequence reported a 2.3% year-on-year income improve to RMB 28.4 billion ($3.94 billion) in 2024, with adjusted internet revenue rising 30.7% to RMB 8.14 billion ($1.13 billion). On-line music companies noticed a 25.5% income enhance to RMB 21.74 billion ($3.02 billion), pushed by an 18% improve in This autumn subscription income to RMB  4.03 billion ($560 million). Paid customers reached 121 million, with ARPPU rising to RMB 11.1 ($1.54)). Tencent Music introduced a $273 million money dividend and a $1 billion share repurchase plan. By This autumn, its licensed and user-generated music catalog exceeded 260 million tracks. The corporate additionally renewed licensing offers with South Korea’s SM Leisure and Kakao Leisure. [TME]

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