More ads, paying users help China's Tencent Music beat Q3 estimates
Source: Reuters
Nov 16 (Reuters) - Tencent Music Entertainment Corp beat analyst estimates for third-quarter revenue and profit, boosted by a recovery in advertising sales and an increase in the number of paying users on the Chinese music streaming company's platform.Excluding items, the company earned 86 yuan per American depository share (ADS), above expectations for a profit of 71 yuan per ADS, it said in its quarterly…
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