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.
Total revenue rose 17.9% YoY to $1.18B
Online music services revenue grew 26.4% YoY to $957M
Net income attributable to equity holders reached $336M, up 43.2% YoY
Monthly ARPPU increased to RMB11.7 from RMB10.7 in Q2 2024
Management expects continued growth driven by online music subscriptions, advertising, and artist-related merchandise, while investing in immersive experiences and expanding SVIP membership offerings.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance