Tencent reported "strong" results, "with Core music revenue growth beating by 5 points on record-high subscriber net adds and advertising outperformance."
Wall Street kicked off a data-heavy week on a mixed note as traders await key inflation updates and remarks from Fed Chair Jerome Powell in the coming days.
Tencent Music Group (NYSE: TME) exceeded analyst estimates with a Q1 revenue decline of 3.4%, driven by growth in online music services and higher gross margins.
Annual Dividend Policy and Declaration of 2023 Dividend
On May 11, 2024, the Company's board of directors adopted an annual cash dividend policy, under which the Company may choose to declare and distribute a