(Reuters) – Tencent Music Entertainment beat analysts’ expectations for fourth-quarter revenue on Tuesday, backed by the strong growth of streaming services.
For the three months through December, the company’s revenue rose 8.2% from a year earlier to 7.46 billion yuan ($1.03 billion), above analysts’ average estimate of 7.30 billion yuan, according to data compiled by LSEG.
($1 = 7.2228 Chinese yuan renminbi)
(Reporting by Kritika Lamba in Bengaluru and Yelin Mo in Beijing)
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