Tencent Music Generated $1.32B in Q2, up 5.8% YoY – Driven by Concert Growth and the Integration of Ximalaya
Music services and Ximalaya drove the gain, while adjusted EBITDA rose 5.2% to $480 million and TME repurchased 43.5 million ADSs.
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Tencent Music Entertainment Group (NYSE:TME) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Tencent Music Entertainment Group (NYSE:TME - Get Free Report) issued its earnings results on Tuesday. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Tencent Music Entertainment Group had a net margin of 26.45% and a return on equity of 11.20%. The company had revenue of $1.32 billion for the quarter. During the same period in the previous year, the firm earned $1.55 earnings per share. The firm…
Tencent Music Leans on Parent Ecosystem as Rivals Surge
Tencent Music Leans on Parent Ecosystem as Rivals Surge - The company is deepening integration with the Tencent ecosystem and leaning on its newly acquired Ximalaya platform to defend market share against ByteDance’s rapidly growing audio apps
China’s Tencent Music Reports $1.32 Billion in Q2 Revenue as Ximalaya Integration Marks New Audio Push
China’s Tencent Music Entertainment Group posted total revenues of RMB8.93 billion ($1.32 billion) for the second quarter of 2026 – a 5.8% year-over-year gain – as its music services arm delivered double-digit growth and the newly integrated Ximalaya platform began contributing to the bottom line. Music-related services revenues reached $1.12 billion, up 11% year-over-year, with membership services alone accounting for $706 million, an 8.1% inc…
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