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- Reuters
Tencent Music beats Q1 revenue estimates on strong rise in paid subscriptions
(Reuters) -China's Tencent Music Entertainment Group beat first-quarter revenue estimates on Monday, helped by strong growth in paid subscriptions and advertising services on its Spotify-like music streaming platform. Tencent Music's shares rose over 8% in morning trade in New York after the company said the number of its paying users rose 20.2% to 113.5 million from a year earlier，marking a record quarterly growth for this metric. This marks the third straight quarter that Tencent Music has suffered a revenue decline.
- Zacks
Is Trending Stock Spotify Technology (SPOT) a Buy Now?
Spotify (SPOT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- Fortune
Spotify’s podcast chief exits as the streamer pivots from its $1 billion bet on exclusivity deals with the likes of Joe Rogan and Alex Cooper
Julie McNamara has reportedly left the streaming giant to get back to her "creative roots" after Spotify pivoted its podcast strategy.
