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    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

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    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

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    Court Restricts Protests In Lagos To Freedom, Peace Park

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    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

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    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

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    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

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    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

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Tencent Music records third straight quarter of falling revenue, dragged down by declining livestreaming earnings

July 28, 2024
in Technology
Tencent Music records third straight quarter of falling revenue, dragged down by declining livestreaming earnings
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Tencent Music Entertainment (TME) has again recorded a quarterly drop in revenue but a boost to its profits, with a 3.4% earnings drop to RMB 6.77 billion ($937 million) and a 23.9% net profit increase to RMB 1.42 billion in the first three months of this year. This marks the third straight quarter of declining revenues for the Chinese entertainment giant. Revenue from social entertainment services, including livestreaming, slumped by nearly half to RMB 1.76 billion from a year prior, which in turn largely drove the cost of revenues to decrease by 14.8%. The company recorded 113.5 million paid users during the period, a 6.8 million boost in membership that it said was its “largest quarter-over-quarter net increase to date.” In its earnings filing, TME also mentioned it has introduced AI large audio models with the aim of increasing the accuracy of the music promoted to users. [TME]

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Copyright for syndicated content belongs to the linked Source : TechNode – https://technode.com/2024/05/14/tencent-music-records-third-straight-quarter-of-falling-revenue-dragged-down-by-declining-livestreaming-earnings/

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July 11, 2025

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