Tencent Music Entertainment Group (TME) reported an increase in earnings for the second quarter, with a bottom line of RMB2.409 billion or RMB0.78 per share compared to RMB1.682 billion or RMB0.54 per share last year. Adjusted earnings were RMB2.574 billion or RMB0.83 per share, with revenue rising 17.9% to RMB8.442 billion from RMB7.160 billion. Net profit per ADS also increased, with TME’s Executive Chairman highlighting growth in music subscription and related services. TME stock was up by 2.62% in pre-market trading on the NYSE.

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