Earnings ·
Tencent Music Entertainment Group reported second quarter 2026 unaudited financial results for the period ended June…
TMETencent Music Entertainment Group
Tencent Music Entertainment Group reported second quarter 2026 unaudited financial results for the period ended June 30, 2026. Total revenues increased 5.8% year-over-year to RMB8.93 billion (US$1.32 billion), driven by an 11.0% rise in music-related services to RMB7.61 billion. Membership service revenue grew 8.1% to RMB4.79 billion, while social entertainment revenues declined 16.4% to RMB1.33 billion. Net profit attributable to equity holders was RMB2.47 billion (US$364 million) on an IFRS basis and RMB2.69 billion (US$396 million) on a non-IFRS basis. The company repurchased 43.5 million ADSs for approximately US$400 million during the quarter. Tencent Music Entertainment Group operates as China's leading all-in-one music and audio entertainment platform.