China’s largest music-streaming company also relayed in its fourth-quarter earnings analysis that revenue grew by 14.3 percent, compared to the same three-month stretch in 2019, to nearly $1.28 billion. A 29 percent year-over-year hike (to $423 million) in income from online music services – including a 41.9 percent uptick in subscription earnings.
Source: Tencent Music Topped 56 Million Paid Users in 2020’s Fourth Quarter