Tencent Music, which is current with an ipo in the U.S. next month, achieved an operating profit of 3.5 billion sek (400 million dollars) in 2017.

It is clear from a document to the investors as the news agency Reuters had to take part of.

In the same paper also states that the operating profit is expected to be almost doubled to 764 million dollars in the year, while revenue is estimated to grow by 72 per cent to 3.1 billion dollars.

As a comparison, the com the main rival Spotify to lose 90 million dollars in the second quarter on revenue of $ 1.3 billion.

the Parent company, Tencent, and would not comment on the financial figures or the ipo told Reuters.

Tencent's Music runs the online music QQ Music, KuGou and Kuwo, and controls the overall 75 per cent of the growing streamingmarknaden for music in China.

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