Tencent Music beats quarterly estimates on strong online streaming demand


The logo of China's Tencent Music Entertainment Group is seen next to an earphone in this illustration picture taken March 22, 2021. REUTERS/Florence Lo/Illustration/ File Photo

(Reuters) -Tencent Music Entertainment surpassed second-quarter revenue expectations on Tuesday, driven by strong subscriber growth in online music services and rising engagement with long-form audio content such as podcasts and audiobooks.

U.S.-listed shares of the company rose 3.3% in premarket trading.

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