The video platform is now led by Neal Mohan, who succeeded longtime CEO Susan Wojcicki in February.
CEO Josh Gruss attributes the results to the company's “very in-demand repertoire," including tracks by artists such as Celine Dion and Alice in Chains.
Though revenue was slightly below guidance, the company says it now has 515 million monthly active users.
Detroit techno legend Kevin Saunderson and Russian DJ-producer ARTY are among the fund's first catalog acquisitions.
Citrin Cooperman partner Nari Matsuura oversaw roughly 750 catalog valuations worth more than $15.5 billion between 2021 and 2022.
The 20-company Billboard Global Music Index rose 4.2%, with more than two-thirds of companies in positive territory.
The live entertainment company will break away from Sphere, MSG Networks and Tao Group Hospitality on April 20.
Streaming company LiveOne was the Billboard Global Music Index's greatest gainer after rising 13.1%.
After 40 years, the independent company's current roster includes Passenger, Syml, Banners, the Album Leaf and others.
TME says growth in subscriptions failed to offset a nearly 20% decline in its social entertainment services business.
