Tencent Music Earnings Reports

Tencent Music Entertainment Group delivered solid revenue and net income growth in Q2 2025, supported by robust online music subscription expansion, higher ARPPU, and diversified revenue streams, despite a decline in social entertainment services revenue.

Tencent Music posted Q1 2025 revenue of $1.01 billion and net income of $591 million, boosted by music subscriptions and a $327 million gain from investment disposal.

Tencent Music delivered solid financial performance in Q4 2024 with $1.02 billion in total revenue, an 8.2% year-over-year increase. The company benefited from robust growth in music subscription revenues and advertising, with net income reaching $284 million and non-IFRS net profit at $329 million. The online music paying user base grew significantly, and ARPPU improved as well.