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Tencent Music Misses Quarterly Revenue Estimates as Social Entertainment Unit Drags

By TRENDING ENTERTAINMENT/SPORTSNov 12, 2024

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(Reuters) -Tencent Music Entertainment missed estimates for quarterly revenue on Tuesday, as Beijing’s crackdown on online gambling continues to impact its social entertainment segment. U.S.-listed shares of the company fell 5.6% in premarket trading. The China-based company had removed certain …

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