Quarterly ResultAug 11, 2026, 07:07 AM
Tencent Music Q2 Revenue +5.8% to $1.32B; Net Profit $364M
AI Summary
Tencent Music Entertainment Group announced strong second quarter 2026 financial results, with total revenues increasing 5.8% year-over-year to RMB8.93 billion ($1.32 billion), driven by robust growth in music-related services. Net profit attributable to equity holders rose to RMB2.47 billion ($364 million), while non-IFRS net profit grew 4.4% year-over-year to RMB2.69 billion ($396 million). The company also highlighted the successful integration of Ximalaya, strategic partnerships, and continued expansion of IP-driven experiences and SVIP membership.
Key Highlights
- Total revenues increased 5.8% year-over-year to RMB8.93 billion ($1.32 billion).
- Revenues from music related services grew 11.0% year-over-year to RMB7.61 billion ($1.12 billion).
- Membership services revenues rose 8.1% year-over-year to RMB4.79 billion ($706 million).
- Net profit attributable to equity holders (IFRS) was RMB2.47 billion ($364 million), up from RMB2.41 billion.
- Non-IFRS net profit attributable to equity holders increased 4.4% year-over-year to RMB2.69 billion ($396 million).
- Adjusted EBITDA grew 5.2% year-over-year to RMB3.25 billion ($480 million).
- The Company repurchased 43.5 million ADSs for approximately $400.0 million.
- Social entertainment services and others revenue decreased 16.4% to RMB1.33 billion ($196 million).
Price Impact
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