Tencent Music Entertainment, the music division of the Chinese tech giant Tencent, was developing steadily with a high profitability in China. As of the first quarter of 2024, the monthly average revenue per paying user (ARPPU) of its social entertainment services was 73.4 yuan, significantly down compared to the same period in the previous year.
Monthly average revenue per paying user (ARPPU) of Tencent Music users from 1st quarter 2023 to 1st quarter 2024, by service type
(in yuan)
Characteristic
Online music
Social entertainment
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Tencent Music Entertainment. (May 13, 2024). Monthly average revenue per paying user (ARPPU) of Tencent Music users from 1st quarter 2023 to 1st quarter 2024, by service type (in yuan) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1110066/china-tencent-music-monthly-average-revenue-per-paying-user-by-service-type/
Tencent Music Entertainment. "Monthly average revenue per paying user (ARPPU) of Tencent Music users from 1st quarter 2023 to 1st quarter 2024, by service type (in yuan)." Chart. May 13, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1110066/china-tencent-music-monthly-average-revenue-per-paying-user-by-service-type/
Tencent Music Entertainment. (2024). Monthly average revenue per paying user (ARPPU) of Tencent Music users from 1st quarter 2023 to 1st quarter 2024, by service type (in yuan). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1110066/china-tencent-music-monthly-average-revenue-per-paying-user-by-service-type/
Tencent Music Entertainment. "Monthly Average Revenue per Paying User (Arppu) of Tencent Music Users from 1st Quarter 2023 to 1st Quarter 2024, by Service Type (in Yuan)." Statista, Statista Inc., 13 May 2024, https://www.statista.com/statistics/1110066/china-tencent-music-monthly-average-revenue-per-paying-user-by-service-type/
Tencent Music Entertainment, Monthly average revenue per paying user (ARPPU) of Tencent Music users from 1st quarter 2023 to 1st quarter 2024, by service type (in yuan) Statista, https://www.statista.com/statistics/1110066/china-tencent-music-monthly-average-revenue-per-paying-user-by-service-type/ (last visited July 22, 2024)
Monthly average revenue per paying user (ARPPU) of Tencent Music users from 1st quarter 2023 to 1st quarter 2024, by service type (in yuan) [Graph], Tencent Music Entertainment, May 13, 2024. [Online]. Available: https://www.statista.com/statistics/1110066/china-tencent-music-monthly-average-revenue-per-paying-user-by-service-type/