Reports Q3 revenue $1.19B vs. $1B last year. Reports Q3 MAUs 551M. Reports Q3 paying users 125.7M. Cussion Pang, executive chairman of Tencent Music (TME), commented, “In the third quarter, we delivered another set of solid results, underpinned by the well-rounded performance of our online music business. Our ongoing innovations in content enrichment, services expansion to include more live experiences continued to fuel consistent subscription revenue growth while boosting momentum in non-subscription services, especially in concerts and artist merchandise. Backed by our strong financial position and operational excellence, we are poised to further broaden our music services and create greater value for the entire music industry.”
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