1、2Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2024 Unaudited Financial ResultsSHENZHEN,China,March 18,2025/PRNewswire/-Tencent Music Entertainment Group(“TME,”or the“Company”)(NYSE:TME and HKEX:1698),the leading online music and audio entertainment platform in China,today

2、 announced its unaudited financial results for the fourth quarter and full year ended December 31,2024.Fourth Quarter 2024 Financial Highlights Total revenues were RMB7.46 billion(US$1.02 billion),representing an 8.2%year-over-year increase,primarily due to strong year-over-year growth in revenues f

3、rom online music services,and partially offset by a decline in revenues from social entertainment services and others.Revenues from music subscriptions were RMB4.03 billion(US$552 million),representing 18.0%year-over-year growth.The number of paying users increased by 13.4%year-over-year to 121.0 mi

4、llion,up by 2.0 million from the third quarter of 2024.ARPPU grew to RMB11.1 from RMB10.7 in the same period of 2023.Net profit was RMB2.08 billion(US$284 million),representing 47.3%year-over-year growth.Net profit attributable to equity holders of the Company was RMB1.96 billion(US$268 million),rep

5、resenting 49.8%year-over-year growth.Non-IFRS net profit1 was RMB2.40 billion(US$329 million),representing 43.0%year-over-year growth.Non-IFRS net profit attributable to equity holders of the Company1 was RMB2.28 billion(US$312 million),representing 44.8%year-over-year growth.Diluted earnings per AD

6、S was RMB1.26(US$0.17),up from RMB0.83 in the same period of 2023.Total cash,cash equivalents,term deposits and short-term investments as of December 31,2024 were RMB37.58 billion(US$5.15 billion).Full Year 2024 Financial Highlights Total revenues were RMB28.40 billion(US$3.89 billion),representing