March 17, 2020 / 1:25 AM / 15 days ago

BRIEF-China's Tencent Music says virus impacted Q1 licensing and advertising revenues

March 17 (Reuters) -

* China’s Tencent Music says Q1 online music services revenue y/y growth rate to slow versus Q4 as virus has impacted licensing and advertising revenues

* Tencent Music says expects subscription revenue growth rate to accelerate in Q1 versus Q4

* Tencent Music says expects 2020 online music services revenue growth rate to slow but FY subscription revenue will grow at faster pace Further company coverage: (Reporting by Brenda Goh and Pei Li)

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