Tencent Music monthly ARPPU Q4 2022-Q4 2023, by service type
Tencent Music Entertainment, the music division of the Chinese tech giant Tencent, was developing steadily with a high profitability in China. As of the fourth quarter of 2023, the monthly average revenue per paying user (ARPPU) of its social entertainment services was 78 yuan, significantly down compared to the same period in the previous year.