Exhibit 99.1 Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2023 Unaudited Financial Results • Fourth quarter music paying users up 20.6% with monthly ARPPU increased by 20.2% year-over-year • Net adds of 18.2 million music paying users recorded in 2023, up from 12.3 million in 2022 SHENZHEN, China, March 19, 2024 /PRNewswire/--Tencent Music Entertainment Group (“TME,” or the “Company”) (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, ...