Abnormal movement in US stocks | Tencent Music (TME.US) rises by nearly 10%, with a year-on-year increase in net profit for the first quarter of 22.8%.

According to the Zhitong Finance and Economics APP, on Wednesday, Tencent Music (TME.US) rose nearly 10% to $16.10. The financial report shows that Tencent Music's overall performance in the first quarter of the year has steadily grown, with total revenue increasing by 8.7% year-on-year to 7.36 billion yuan; adjusted net profit increased by 22.8% year-on-year to 2.23 billion yuan. Among them, online music business continues to grow at a high quality, with online music service revenue increasing by 15.9% year-on-year to 5.8 billion yuan; online music subscription revenue increased by 16.6% year-on-year to 4.22 billion yuan; online music paid users reached 122.9 million, ARPPU further increased to 11.4 yuan, while monthly subscription member users grew, exclusive high-quality content and benefits also drove the continued growth of super member users.