Tencent Music Entertainment Group (TME)

Tencent Music Entertainment Group Announces Poll Results of the 2026 Annual General MeetingJune 30, 2026 5:38 AM
PR Newswire (US) SHENZHEN, China, June 30, 2026 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that its annual general meeting (the "AGM") was held in Hong Kong on June 30, 2026 and all the proposed resolutions set out in the notice of the AGM dated May 20, 2026 were duly passed at the AGM.About Tencent Music EntertainmentTencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.Investor Relations Contact
Tencent Music Entertainment Group
ir @kc2608 ext. 885034 View original content:https://www.prnewswire.com/news-releases/tencent-music-entertainment-group-announces-poll-results-of-the-2026-annual-general-meeting-302813926.htmlSOURCE Tencent Music Entertainment Group Original: Tencent Music Entertainment Group Announces Poll Results of the 2026 Annual General Meeting

Tencent Shares Jump as Company Advances AI Agent Development (TME)June 2, 2026 6:48 AM
IH Market News Tencent (NYSE:TME) shares climbed 10.5% on Tuesday after reports emerged that the company is testing a prototype version of its embedded artificial intelligence agent, fueling investor optimism about its position in the rapidly evolving AI market. The move reflects growing confidence that Tencent could become a more prominent player in artificial intelligence as it expands beyond its traditional internet and gaming businesses. Prototype Enters Testing Phase According to a report from the Financial Times, Tencent is currently evaluating an early version of its AI agent technology and is preparing for the next stage of development ahead of a potential public launch. The company is expected to begin the regulatory and compliance procedures required for a broader rollout as early as this month, the report said. The AI product has reportedly been described by some observers as a “secret weapon,” highlighting expectations that it could become an important component of Tencent’s future AI strategy. Investors Welcome the Development The strong share-price reaction suggests investors view the initiative as a significant milestone for Tencent’s artificial intelligence ambitions. Market participants have increasingly focused on the ability of major technology companies to commercialize AI products and integrate them into large existing ecosystems. Tencent’s extensive user base across messaging, social media, gaming and digital services could provide a powerful distribution network for future AI offerings. Potential Shift in Competitive Positioning According to the Financial Times, investors see the project as a potential turning point that could elevate Tencent from being perceived as a follower in the AI race to becoming a leader with substantial deployment capabilities. Unlike many smaller AI developers, Tencent already controls a broad portfolio of consumer and enterprise platforms that could serve as channels for introducing AI-powered products at scale. The company’s ability to leverage those platforms may become an important competitive advantage as the AI sector continues to evolve. Focus Remains on Commercialization While the technology remains in the testing stage, the reported plans to begin compliance procedures suggest Tencent is moving closer to bringing the product to market. The development comes as technology companies worldwide accelerate investment in artificial intelligence, seeking new revenue opportunities and ways to deepen user engagement. For investors, Tencent’s progress in AI agent development represents another indication that the company intends to play a larger role in the next generation of AI-powered applications, helping drive the strong gains seen in its shares on Tuesday. Tencent stock price Original: Tencent Shares Jump as Company Advances AI Agent Development (TME)

Coca-Cola's 2026 FIFA World Cup Anthem "JUMP" Lets the World Hear China's VoiceMay 26, 2026 6:16 AM
PR Newswire (US) BEIJING, May 26, 2026 /PRNewswire/ -- As the world counts down to the 2026 FIFA World Cup, Coca-Cola ignites the excitement with its brand-new official anthem, "JUMP" – the 2026 FIFA World Cup Coca-Cola Anthem. The song is jointly produced by Tencent Music Entertainment Group (TME) and Coca-Cola. Alongside the global version, a specially adapted Chinese recording has been released, infusing the iconic melody with the soul of traditional Chinese music and unstoppable energy. Performed by Coca-Cola brand ambassador Liu Yuning and global superstar J. Balvin, "JUMP" launched on May 6th across Tencent Music Entertainment's QQ Music, Kugou Music, and Kuwo Music – as well as global streaming giants Spotify, Apple Music, and YouTube Music. This is more than a song: it is a musical tribute that proudly lets the world hear the power and passion of China's voice.Making history as Coca-Cola's first Chinese-language World Cup anthem in 12 years, "JUMP" reimagines a rock classic by Van Halen. With a dream production team including Steve Vai and Travis Barker, the track shatters creative boundaries – rock solid at its core, yet richly layered with traditional Chinese instrumentation. The pipa dances, the guzheng sings, the Tang drum thunders, and the erhu whispers with ancient depth – all intertwined with blazing electric guitars and pounding drumbeats. Then comes Liu Yuning's fiery, signature rap, injecting a distinctly Chinese spirit of courage and joy into the anthem. The result is a breathtaking fusion where Chinese musical heritage and global rock energy collide in a moment of pure, jubilant celebration.From a bold reimagining of a classic to a profound cultural fusion, "JUMP" is more than a World Cup anthem – it is a powerful declaration of Chinese voices embracing the world stage with confidence and pride. The FIFA World Cup is the ultimate arena for global connection, and "JUMP" lets fans everywhere feel the depth of Chinese culture and the warmth of China's open heart through every uplifting note. It is Coca-Cola's way of using music to unite the world, capturing the spirit of "cheering, raising a glass, and seizing the moment" – with Chinese voices shining brightly as an essential part of the global celebration.Coca-Cola endorses cultural exchange and global unity through music. With "JUMP," the brand proudly champions the beauty of China's musical traditions and their place on the world's biggest stage. As stadiums roar and fans jump as one, this anthem – blending raw passion with the elegance of Chinese musical aesthetics – will echo through every unforgettable moment of the 2026 FIFA World Cup, connecting hearts across all borders. View original content to download multimedia:https://www.prnewswire.com/news-releases/coca-colas-2026-fifa-world-cup-anthem-jump-lets-the-world-hear-chinas-voice-302781686.htmlSOURCE Tencent Music Entertainment Group Original: Coca-Cola's 2026 FIFA World Cup Anthem "JUMP" Lets the World Hear China's Voice

Tencent Music Entertainment Group to Hold Annual General Meeting on June 30, 2026May 20, 2026 5:00 AM
PR Newswire (US) SHENZHEN, China, May 20, 2026 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it will hold its annual general meeting of shareholders (the "AGM") at 10/F, The Hong Kong Club Building, 3A Chater Road, Central, Hong Kong on Tuesday, June 30, 2026 at 10 a.m. (Beijing/Hong Kong time) for the purposes of considering and, if thought fit, passing the resolutions as set forth in the notice of the AGM (the "AGM Notice"). The AGM Notice and the form of proxy for the AGM are available on the Company's website at https://ir.tencentmusic.com on May 20, 2026. The Board of Directors of the Company fully supports the proposed resolutions and recommends that shareholders and holders of American depositary shares ("ADSs") vote in favor of the resolutions.Holders of record of the Company's ordinary shares as of the close of business on Wednesday, May 20, 2026 (Beijing/Hong Kong time), are entitled to receive notice of, and to attend and vote at, the AGM or any adjournment or postponement thereof. Holders of record of ADSs as of the close of business on Wednesday, May 20, 2026 (U.S. Eastern Time) who wish to exercise their voting rights for the underlying Class A ordinary shares must give voting instructions directly to The Bank of New York Mellon, the depositary of the ADSs, or indirectly through a bank, brokerage or other securities intermediary, as the case may be.The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission (the "SEC"). The Company's annual report on Form 20-F can be accessed on the Company's website at https://ir.tencentmusic.com and on the SEC's website at https://www.sec.gov.About Tencent Music EntertainmentTencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.Safe Harbor StatementThis press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.Investor Relations ContactTencent Music Entertainment Group
ir @kc2608 ext. 885034 View original content:https://www.prnewswire.com/news-releases/tencent-music-entertainment-group-to-hold-annual-general-meeting-on-june-30-2026-302776980.htmlSOURCE Tencent Music Entertainment Group Original: Tencent Music Entertainment Group to Hold Annual General Meeting on June 30, 2026

Tencent Music (TME) Shares Gain Despite Earnings Miss as Music Services Growth AcceleratesMay 12, 2026 8:59 AM
IH Market News Shares of Tencent Music Entertainment Group (NYSE:TME) rose more than 3% in pre-market trading on Tuesday after the company reported first-quarter revenue in line with expectations, supported by continued growth in its music services business.The stock advanced 3.2% even though earnings came in below Wall Street forecasts.Tencent Music reported adjusted earnings of RMB1.34 per ADS ($0.19), missing analyst expectations of RMB1.43.Quarterly revenue totaled RMB7.9 billion ($1.15 billion), matching consensus estimates and rising 7.3% from RMB7.36 billion in the same period last year. Music Services Continue to Drive Growth The company said revenue growth was primarily fueled by its music-related services segment, which increased 12.2% year-on-year to RMB6.51 billion.Membership services revenue rose 6.6% to RMB4.57 billion, while revenue from other music-related offerings jumped 28.0% to RMB1.94 billion.Tencent Music attributed the performance to expanded benefits for SVIP subscribers and strong momentum in offline performance-related services.Meanwhile, revenue from the company’s social entertainment services business declined 11.0% year-on-year to RMB1.38 billion.“This quarter’s steady results reflect the effectiveness of our holistic approach to the music ecosystem,” said Cussion Pang, Executive Chairman of Tencent Music.“By expanding how we serve and engage our audience, we have built a more diversified and resilient model,” he added. Profitability and Margins Improve Adjusted EBITDA increased 10.5% year-on-year to RMB2.83 billion during the quarter.Adjusted net profit attributable to equity holders rose 7.0% to RMB2.27 billion.Gross margin improved to 44.9%, compared with 44.1% in the prior-year period, helped by stronger membership revenue and lower channel-related costs. Tencent Music Maintains Strong Cash Position As of March 31, 2026, Tencent Music held RMB41.0 billion in cash, cash equivalents, term deposits and short-term investments, highlighting the company’s strong liquidity position.Tencent stock price Original: Tencent Music (TME) Shares Gain Despite Earnings Miss as Music Services Growth Accelerates

Tencent Music Entertainment Group Announces First Quarter 2026 Unaudited Financial ResultsMay 12, 2026 5:00 AM
PR Newswire (US) SHENZHEN, China, May 12, 2026 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2026.First Quarter 2026 Financial HighlightsTotal revenues were RMB7.90 billion (US$1.15 billion), representing a 7.3% year-over-year increase, primarily due to strong growth in revenues from music related services[1].Revenues from music related services[1] were RMB6.51 billion (US$944 million), representing 12.2% year-over-year growth. Revenues from membership services[2] were RMB4.57 billion (US$662 million), representing 6.6% year-over-year growth. Revenues from music related services other than membership services were RMB1.94 billion (US$282 million), representing 28.0% year-over-year growth.On an IFRS basis:Net profit attributable to equity holders of the Company was RMB2.09 billion (US$303 million), compared with RMB4.29 billion in the same period of 2025, as the Company has recognized a gain of RMB2.37 billion on deemed disposal of an associate in the first quarter of 2025.Diluted earnings per ADS was RMB1.34 (US$0.19), compared with RMB2.77 in the same period of 2025.On a non-IFRS basis:Adjusted EBITDA[3] was RMB2.83 billion (US$410 million), representing 10.5% year-over-year growth.Non-IFRS net profit attributable to equity holders of the Company[3] was RMB2.27 billion (US$330 million), representing 7.0% year-over-year growth.Non-IFRS diluted earnings per ADS was RMB1.46 (US$0.21), up from RMB1.37 in the same period of 2025.Total cash, cash equivalents, term deposits and short-term investments as of March 31, 2026 were RMB41.00 billion (US$5.94 billion).Mr. Cussion Pang, Executive Chairman of TME, commented, "This quarter's steady results reflect the effectiveness of our holistic approach to the music ecosystem. By expanding how we serve and engage our audience, we have built a more diversified and resilient model, supported by continued strong growth beyond membership services in our music related business. While AI is broadening participation in content creation, it does not replace human creativity and, in many ways, reinforces the scarcity and intrinsic value of premium IP—which remains central to deeper engagement and greater wallet share. Rooted in strong copyright protection, we are committed to channeling this value to elevate the creative economy, unlock new opportunities across the music industry, and drive enduring long-term value."Mr. Ross Liang, CEO of TME, continued, "As we operate in an increasingly competitive landscape, we remain focused on strengthening the resilience of our platform. Anchored by our content-and-platform dual engine, we continue to bolster differentiation, drive engagement, and expand user lifetime value. Leveraging Tencent's ecosystem, we are broadening user reach and deepening penetration, while advancing a tiered subscription strategy to better address diverse user needs. During the quarter, we delivered continued improvement in SVIP adoption and user engagement. Together, these initiatives position us to compete effectively while driving scalable growth and durable monetization over time."First Quarter 2026 Operational Highlights CONTENT – To unlock long-term value, we continued to invest in premium IP to drive differentiation and engagement, while leveraging AI to enrich content creation and improve efficiency. Strengthened our premium evergreen catalog by renewing key label partnerships, including JVR Music, Linfair Records, and MOK-A-BYE BABY MUSIC LTD., securing access to iconic artists such as Jay Chou, Karen Mok, Harlem Yu, and Angela Zhang[4]. We also deepened our strategic partnership with TF Entertainment through 30-day early release windows and expanded physical collaboration, reinforcing our content leadership and competitive differentiation.Captured more user mindshare with our proprietary content. High-impact releases—including Zhou Shen's chart-topping theme song for Sony Pictures' Project Hail Mary—collectively drove incremental streams across our self-produced catalog and further enhanced its visibility.Harnessed AI to enhance production efficiency and revitalize classic IP. Our AI tools empower creators by lowering production barriers and accelerating workflows, effectively increasing content supply, with AI-generated songs accounting for a growing share of daily new releases. High-quality, authorized AI covers reintroduce classic works to new audiences and drive incremental engagement with original tracks.PLATFORM – Sustained our user base through a multi-pronged approach and advanced a multi-tiered monetization strategy, including new offerings to capture demand for super-premium music experiences. Recently stepped up collaboration with the Tencent's Weixin Video Account to create a seamless funnel that converts casual background music (BGM) discovery into high-quality music streaming, enabling us to strengthen user base and drive incremental traffic.To better engage casual listeners, we diversified touchpoints across the platform. Combined with AI-driven recommendations with interactive features, these initiatives encourage users to favorite tracks and curate playlists, fostering the accumulation of personal music assets.SVIP membership continued to see solid adoption and engagement. To enhance its appeal, we appointed major artists such as Ryan Ding, Ju Jingyi, Liu Yuning, JC-T, and Karry Wang as ambassadors for a variety of collaborations. We also introduced tailored collections for leading K-pop artists such as BLACKPINK, EXO, and IVE, combining digital albums with physical collectibles including NFC cards.To meet demand for super-premium experiences, we launched our inaugural Fan Club membership with Silence Wang, integrating priority ticketing and exclusive merchandise to further enrich the fan experience.IP-VALUE – Adopted a holistic, pan-IP approach to amplify music influence, simultaneously boosting user reach, engagement, and wallet share.Extended the IP value chain and unlocked commercial value through innovative virtual and physical offerings. A prime example is our strengthened partnership with Jay Chou for his digital album, Children of the Sun where combined digital and physical benefits drove strong engagement and generated over RMB100 million in sales.Achieved triple-digit year-over-year growth in revenues related to live performance while growing our IP's global footprint. We hosted flagship concerts with leading K-pop groups, including BABYMONSTER's concerts in Taiwan, China, and NCT WISH's concerts in Hong Kong, China, and elevated strategic artists such as Will Pan, Silence Wang, Tia Ray, Angela Zhang, Jane Zhang, Zhang Yuan, and GAI onto prominent domestic and international stages, enhancing their global reach and commercial value.First Quarter 2026 Financial Review Total revenues increased by RMB539 million, or 7.3%, to RMB7.90 billion (US$1.15 billion) from RMB7.36 billion in the same period of 2025.Revenues from music related services increased by 12.2% to RMB6.51 billion (US$944 million), compared with RMB5.80 billion in the same period of 2025. The increase was driven by solid growth in revenues from membership services and offline performances related services, supplemented by growth in revenues from advertising services. Revenues from membership services were RMB4.57 billion (US$662 million), representing 6.6% year-over-year growth, compared with RMB4.28 billion in the same period of 2025. The growth was mainly driven by our continuous expansion of SVIP membership privileges, such as early access to offline performances and artist-related merchandise, and the launch of other new membership programs, such as bubble, WeverseDM, and fan-club membership. Revenues from offline performances related services achieved robust year-over-year growth. We successfully staged several successful concerts for our strategically collaborated local and Korean artists across domestic and overseas markets. The year-over-year increase in revenues from advertising services was primarily due to our more diversified product portfolio and innovative ad formats, such as ad-supported mode.Revenues from social entertainment services and others decreased by 11.0% to RMB1.38 billion (US$200 million) from RMB1.55 billion in the same period of 2025.Cost of revenues increased by 5.7% year-over-year to RMB4.35 billion (US$630 million), mainly due to increased costs related to offline performances, advertising services and other IP related services. Meanwhile, revenue sharing fees decreased, resulting from declines in both revenue sharing ratio and revenues from social entertainment services. Gross margin increased to 44.9% from 44.1% in the same period of 2025, primarily due to increase in revenues from membership services, along with decreased channel fee.Total operating expenses increased by 5.9% year-over-year to RMB1.21 billion (US$176 million). Operating expenses as a percentage of total revenues decreased to 15.3% from 15.5% in the same period of 2025. Selling and marketing expenses were RMB271 million (US$39 million), representing a 36.2% year-over-year increase. The increase was primarily due to higher channel spending and content promotion expenses.General and administrative expenses were RMB940 million (US$136 million), and remained relatively stable compared with the same period of 2025.On an IFRS basis, net profit and net profit attributable to equity holders of the Company for the first quarter of 2026 were RMB2.14 billion (US$310 million) and RMB2.09 billion (US$303 million), respectively. Basic and diluted earnings per American Depositary Shares ("ADS") for the first quarter of 2026 were RMB1.36 (US$0.20) and RMB1.34 (US$0.19), respectively. The Company had weighted averages of 1.54 billion basic and 1.56 billion diluted ADSs outstanding, respectively. Each ADS represents two of the Company's Class A ordinary shares.On a non-IFRS basis, adjusted EBITDA for the first quarter of 2026 were RMB2.83 billion (US$410 million). Non-IFRS net profit was RMB2.33 billion (US$338 million) and non-IFRS net profit attributable to equity holders of the Company was RMB2.27 billion (US$330 million). Non-IFRS basic and diluted earnings per ADS were RMB1.48 (US$0.21) and RMB1.46 (US$0.21), respectively. Please refer to the section in this press release titled "Non-IFRS Financial Measures" for details.As of March 31, 2026, the combined balance of the Company's cash, cash equivalents, term deposits and short-term investments amounted to RMB41.00 billion (US$5.94 billion), compared with RMB38.04 billion as of December 31, 2025. Declaration and Payment of 2025 DividendOn March 17, 2026, the Company's board of directors declared a cash dividend of US$0.12 per ordinary share, or US$0.24 per ADS, for the year ended December 31, 2025, to holders of record of ordinary shares and ADSs as of the close of business on April 2, 2026. The payment for the cash dividend of US$370 million was made in April 2026.Environmental, Social, and Governance ("ESG") On April 20, 2026, we released our 2025 ESG Report, detailing our progress in empowering creators, promoting digital inclusion, and driving sustainability across our value chain. These initiatives have strengthened our ecosystem's resilience, leading to improved ESG ratings and broader recognition from our stakeholders.Exchange Rate This announcement contains translations of certain RMB amounts into U.S. dollars ("USD") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB6.8980 to US$1.00, the noon buying rate in effect on March 31, 2026, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.Non-IFRS Financial Measures The Company uses non-IFRS financial measures for the period, including non-IFRS net profit, adjusted EBITDA(inc.SBC) and adjusted EBITDA, in evaluating its operating results and for financial and operational decision-making purposes. TME believes that non-IFRS financial measures help identify underlying trends in the Company's business that could otherwise be distorted by the effect of certain expenses that the Company includes in its profit for the period. TME believes that non-IFRS financial measures for the period provide useful information about its results of operations, enhances the overall understanding of its past performance and future prospects and allows for greater visibility with respect to key metrics used by its management in its financial and operational decision-making. Non-IFRS financial measures for the period should not be considered in isolation or construed as an alternative to operating profit, net profit for the period or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review non-IFRS financial measures for the period and the reconciliation to its most directly comparable IFRS measure. Non-IFRS financial measures for the period presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company's data. TME encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. Adjusted EBITDA(inc.SBC) for the period represents net profit for the period excluding income tax expense, finance cost, share of profit/loss of associates and joint ventures, other gains/losses, interest income, depreciation of property, plant and equipment and right-of-use assets, and amortization of intangible assets. Adjusted EBITDA for the period represents net profit for the period excluding income tax expense, finance cost, share of profit/loss of associates and joint ventures, other gains/losses, interest income, depreciation of property, plant and equipment and right-of-use assets, amortization of intangible assets, and share-based compensation expenses. Non-IFRS net profit for the period represents profit for the period excluding amortization of intangible and other assets arising from business acquisitions or combinations, share-based compensation expenses, net losses/gains from investments and related income tax effects.Please see the "Unaudited Non-IFRS Financial Measures" included in this press release for a full reconciliation of adjusted EBITDA(inc.SBC), adjusted EBITDA and non-IFRS net profit for the period to its net profit for the period.[1] Starting from the first quarter of 2026, "online music services" has been renamed to "music related services" to better reflect the nature of our businesses included in this business line. Such change does not affect the amounts of our historical revenue or its accounting treatment.[2] As part of music related services, membership services primarily consist of membership fees paid for membership benefits and privileges, including access to music and audio content, and other benefits and privileges within music related services. Revenues from membership services for each quarter of 2025 were RMB4,284 million, RMB4,434 million, RMB4,564 million and RMB4,625 million, respectively.[3] See the sections entitled "Non-IFRS Financial Measures" and "Unaudited Non-IFRS Financial Measures" for more information about the non-IFRS measures referred to within this announcement.[4] Names grouped by artists and bands, sorted in alphabetical order by family names.About Tencent Music Entertainment Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.Investor Relations Contact 
Tencent Music Entertainment Group
ir @kc2608 ext. 885034  
TENCENT MUSIC ENTERTAINMENT GROUP

CONSOLIDATED INCOME STATEMENTS















Three Months Ended March 31





2025
2026





 RMB 
 RMB 
 US$ 





 Unaudited 
 Unaudited 
 Unaudited 





(in millions, except per share data)


Revenues









Music related services*

5,804
6,514
944


Social entertainment services and others

1,552
1,381
200





7,356
7,895
1,145


Cost of revenues

(4,114)
(4,349)
(630)


Gross profit

3,242
3,546
514













Selling and marketing expenses

(199)
(271)
(39)


General and administrative expenses

(944)
(940)
(136)


Total operating expenses

(1,143)
(1,211)
(176)


Interest income 

297
246
36


Other gains, net

2,440
66
10


Operating profit

4,836
2,647
384













Share of net profit/(loss) of investments accounted
for using equity method

23
(7)
(1)


Finance cost

(25)
(46)
(7)


Profit before income tax

4,834
2,594
376













Income tax expense

(446)
(457)
(66)


Profit for the period

4,388
2,137
310













Attributable to:









Equity holders of the Company

4,291
2,091
303


Non-controlling interests

97
46
7













Earnings per share for Class A and Class B
ordinary shares









Basic

1.40
0.68
0.10


Diluted

1.39
0.67
0.10













Earnings per ADS (2 Class A shares equal to 1 ADS)









Basic

2.81
1.36
0.20


Diluted

2.77
1.34
0.19













Shares used in earnings per Class A and Class B
ordinary share computation:









Basic

3,054,522,173
3,081,340,243
3,081,340,243


Diluted

3,093,008,542
3,111,369,968
3,111,369,968













ADS used in earnings per ADS computation









Basic

1,527,261,087
1,540,670,122
1,540,670,122


Diluted

1,546,504,271
1,555,684,984
1,555,684,984













* Starting from the first quarter of 2026, "online music services" has been renamed to "music related services" to better
reflect the nature of our businesses included in this business line. Such change does not affect the amounts of our historical
revenue or its accounting treatment.
   
TENCENT MUSIC ENTERTAINMENT GROUP

UNAUDITED NON-IFRS FINANCIAL MEASURES














Three Months Ended March 31




2025
2026




 RMB 
 RMB 
 US$ 




 Unaudited  
 Unaudited  
 Unaudited  




(in millions, except per share data)

Profit for the period

4,388
2,137
310

Adjustments:








Income tax expense

446
457
66

Finance cost

25
46
7

Share of net (profit)/loss of investments accounted for
using equity method

(23)
7
1

Operating profit

4,836
2,647
384

Other gains, net

(2,440)
(66)
(10)

Interest income 

(297)
(246)
(36)

Depreciation of property, plant and equipment and
right-of-use assets

38
35
5

Amortisation of intangible assets

275
298
43

Adjusted EBITDA(inc. SBC) 

2,412
2,668
387

Share-based compensation

150
163
24

Adjusted EBITDA

2,562
2,831
410











Profit for the period

4,388
2,137
310

Adjustments:








Amortization of intangible and other assets arising from
business acquisitions or combinations*

105
89
13

Share-based compensation

161
163
24

Gains from investments**

(2,375)
(2)
-

Income tax effects***

(53)
(54)
(8)

Non-IFRS Net Profit

2,226
2,333
338











Attributable to:








Equity holders of the Company

2,124
2,273
330

Non-controlling interests

102
60
9











Earnings per share for Class A and Class B
ordinary shares








Basic

0.70
0.74
0.11

Diluted

0.69
0.73
0.11











Earnings per ADS (2 Class A shares equal to 1 ADS)








Basic

1.39
1.48
0.21

Diluted

1.37
1.46
0.21











Shares used in earnings per Class A and Class B
ordinary share computation:








Basic

3,054,522,173
3,081,340,243
3,081,340,243

Diluted

3,093,008,542
3,111,369,968
3,111,369,968











ADS used in earnings per ADS computation








Basic

1,527,261,087
1,540,670,122
1,540,670,122

Diluted

1,546,504,271
1,555,684,984
1,555,684,984









































* Represents the amortization of identifiable assets, including intangible assets such as domain name, trademark, copyrights,
supplier resources, corporate customer relationships and non-compete agreement etc., and fair value adjustment on music content
(i.e., signed contracts obtained for the rights to access to the music contents for which the amount was amortized over the
contract period), resulting from business acquisitions or combination.
** Including the net gains/losses on deemed disposals/disposals of investments, fair value changes arising from investments,
impairment provision of investments and other expenses in relation to equity transactions of investments.
*** Represents the income tax effects of Non-IFRS adjustments.  TENCENT MUSIC ENTERTAINMENT GROUPCONSOLIDATED BALANCE SHEETS








As at December 31, 2025
As at March 31, 2026

 RMB 
 RMB 
 US$ 

 Audited 
 Unaudited 
 Unaudited 

(in millions)ASSETS





Non-current assets





Property, plant and equipment
1,201
1,301
189Land use rights
2,290
2,272
329Right-of-use assets
287
272
39Intangible assets
2,899
2,770
402Goodwill
20,521
20,528
2,976Investments accounted for using equity method 
1,659
2,593
376Financial assets at fair value through other comprehensive income 26,231
19,866
2,880Other investments
303
299
43Prepayments, deposits and other assets
365
418
61Deferred tax assets
498
535
78Term deposits
13,810
14,330
2,077

70,064
65,184
9,450






Current assets





Inventories
41
48
7Accounts receivable
3,903
3,825
555Prepayments, deposits and other assets
4,183
4,036
585Other investments
83
73
11Term deposits
15,763
8,254
1,197Restricted Cash 
15
15
2Cash and cash equivalents
8,470
18,416
2,670

32,458
34,667
5,026






Total assets
102,522
99,851
14,475













EQUITY





Equity attributable to equity holders of the Company





Share capital
2
2
0Additional paid-in capital
29,919
30,020
4,352Shares held for share award schemes
(801)
(821)
(119)Treasury shares 
(664)
(664)
(96)Other reserves
22,450
17,156
2,487Retained earnings
29,381
28,647
4,153

80,287
74,340
10,777Non-controlling interests
2,763
2,790
404






Total equity
83,050
77,130
11,182






LIABILITIES





Non-current liabilities





Borrowings
-
1,100
159Notes payables
3,497
3,443
499Other payables and other liabilities
379
425
62Deferred tax liabilities
504
588
85Lease liabilities
200
188
27Deferred revenue 
303
356
52

4,883
6,100
884






Current liabilities





Accounts payable 
6,284
6,176
895Other payables and other liabilities
3,558
5,460
792Current tax liabilities
1,092
1,059
154Lease liabilities
116
111
16Deferred revenue
3,539
3,815
553

14,589
16,621
2,410






Total liabilities
19,472
22,721
3,294






Total equity and liabilities
102,522
99,851
14,475






  TENCENT MUSIC ENTERTAINMENT GROUPCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS









Three Months Ended March 31


2025
2026


 RMB 
 RMB 
 US$ 


 Unaudited  
 Unaudited  
 Unaudited  


(in millions)








Net cash provided by operating activities 
2,519
2,332
338
Net cash (used in)/provided by investing activities 
(3,221)
6,650
964
Net cash (used in)/provided by financing activities
(456)
1,011
147
Net (decrease)/increase in cash and cash equivalents 
(1,158)
9,993
1,449
Cash and cash equivalents at beginning of the period
13,164
8,470
1,228
Exchange differences on cash and cash equivalents
16
(47)
(7)
Cash and cash equivalents at end of the period
12,022
18,416
2,670
















    View original content:https://www.prnewswire.com/news-releases/tencent-music-entertainment-group-announces-first-quarter-2026-unaudited-financial-results-302769323.htmlSOURCE Tencent Music Entertainment Group Original: Tencent Music Entertainment Group Announces First Quarter 2026 Unaudited Financial Results

$TME: Looks like Double bottom confirmed for Chart-reversal

Now $9.74.

Next resistance is $10.25 but it goes past that then the next level is $13.50


GO $TME

Tencent Music Entertainment Group Releases 2025 ESG ReportApril 20, 2026 6:05 AM
PR Newswire (US)

SHENZHEN, China, April 20, 2026 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today released its 2025 Environmental, Social and Governance ("ESG") Report, detailing the strategic actions taken to drive its sustainability agenda.
Mr. Cussion Pang, Executive Chairman of TME, commented, "The solid execution of our dual content-and-platform strategy has pushed the boundaries of value creation for users, artists, and partners across the music ecosystem, charting new pathways for industry advancement. Looking ahead, we will continue to harness the power of music and technology to create lasting positive impact, fostering a sustainable future for the music industry and society at large."To access the Company's 2025 ESG Report, please visit: https://ir.tencentmusic.com/ESG-Reports.About Tencent Music EntertainmentTencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.Safe Harbor StatementThis press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.Investor Relations Contact
Tencent Music Entertainment Group
ir @kc2608 ext. 885034 



View original content:https://www.prnewswire.com/news-releases/tencent-music-entertainment-group-releases-2025-esg-report-302747040.htmlSOURCE Tencent Music Entertainment Group

Original: Tencent Music Entertainment Group Releases 2025 ESG Report

Tencent Music Entertainment Group Filed 2025 Annual Report on Form 20-FApril 17, 2026 7:30 AM
PR Newswire (US)

SHENZHEN, China, April 17, 2026 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it has filed its annual report on Form 20-F that includes its audited financial statements for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission (the "SEC") on April 17, 2026, U. S. Eastern Time.The annual report can be accessed on TME's investor relations website at ir.tencentmusic.com and on the SEC's website at www.sec.gov. The Company will also provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and American Depositary Share holders upon request.About Tencent Music EntertainmentTencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.Investor Relations Contact
Tencent Music Entertainment Group
ir @kc2608 ext. 885034



View original content:https://www.prnewswire.com/news-releases/tencent-music-entertainment-group-filed-2025-annual-report-on-form-20-f-302745846.htmlSOURCE Tencent Music Entertainment Group

Original: Tencent Music Entertainment Group Filed 2025 Annual Report on Form 20-F

Tencent Music Entertainment Group to Report First Quarter 2026 Financial Results on May 12, 2026April 14, 2026 6:00 AM
PR Newswire (US)

SHENZHEN, China, April 14, 2026 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the first quarter of 2026 before the U.S. market opens on Tuesday, May 12, 2026.TME's management will host a Tencent Meeting Webinar on Tuesday, May 12, 2026, at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time on Tuesday, May 12, 2026, to review and discuss the Company's business and financial performance.For participants who wish to join the Tencent Meeting Webinar, please complete online registration in advance using the links provided below. Upon registration, each participant will receive an email with webinar access information, including meeting ID, meeting link, dial-in numbers, and a unique attendee ID to join the webinar.Participant Online RegistrationChinese Mainland[1]: https://meeting.tencent.com/dw/W1dA7Kx66kom
International:             https://voovmeeting.com/dw/W1dA7Kx66komA live and archived webcast of the webinar will also be available at the Company's investor relations website at https://ir.tencentmusic.com/.[1] Chinese Mainland, for the purpose of this announcement only, excluding the Hong Kong Special Administrative Region, the Macao Special Administrative Region of the People's Republic of China and TaiwanAbout Tencent Music EntertainmentTencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.Investor Relations Contact
Tencent Music Entertainment Group
ir @kc2608 ext. 885034



View original content:https://www.prnewswire.com/news-releases/tencent-music-entertainment-group-to-report-first-quarter-2026-financial-results-on-may-12-2026-302741206.htmlSOURCE Tencent Music Entertainment Group

Original: Tencent Music Entertainment Group to Report First Quarter 2026 Financial Results on May 12, 2026

Jay Chou's New Album "Children of the Sun" Set for Release, Pre-orders Launched on Tencent Music Entertainment Group's PlatformsMarch 19, 2026 4:33 AM
PR Newswire (US)

SHENZHEN, China, March 19, 2026 /PRNewswire/ -- Millions of music fans are eagerly awaiting another historic moment for Mandopop. After three years and eight months, iconic Mandopop artist Jay Chou is set to release his 16th studio album, "Children of the Sun." Pre-orders officially began at 13:00 on March 19 across Tencent Music Entertainment Group's three major platforms: QQ Music, Kugou Music, and Kuwo Music.From youthful anthems to legendary status, Jay Chou now makes a monumental return under the title "Children of the Sun." While staying true to his signature style, he pushes musical boundaries with 13 meticulously crafted tracks that construct a complete narrative dimension. Each melody embodies warmth and power, further continuing the timeless legacy of Mandopop.As the exclusive pre-order and collaboration platform for the album in mainland China, Tencent Music Entertainment Group is committed to delivering an unparalleled music experience for fans in return for their enduring support. QQ Music and Kugou Music have specially launched "Children of the Sun" SVIP Limited Bundles, offering two premium collectible editions: the "Commemorative Card Edition" includes two NFC collector's cards and physical lyric cards, seamlessly blending technology with ritual; the "Commemorative Medal Edition" features a physical medal marking the king's triumphant return, creating an exclusive music memorabilia piece with high collection value.Pre-orders are now open across Tencent Music platforms–QQ Music, Kugou Music, and Kuwo Music, with the official release scheduled for March 25. Join us in celebrating this timeless musical journey and witness the return of the king of Mandopop. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/jay-chous-new-album-children-of-the-sun-set-for-release-pre-orders-launched-on-tencent-music-entertainment-groups-platforms-302718544.htmlSOURCE Tencent Music Entertainment Group

Original: Jay Chou's New Album "Children of the Sun" Set for Release, Pre-orders Launched on Tencent Music Entertainment Group's Platforms

Tencent Music shares tumble over 20% after Q4 results disappoint investorsMarch 18, 2026 7:09 AM
IH Market News
Shares of Tencent Music Entertainment Group (NYSE:TME) dropped more than 20% on Wednesday as investors reacted negatively to the company’s fourth-quarter earnings, even though both revenue and profit posted solid year-on-year growth.The company reported quarterly revenue of 8.64 billion yuan, representing a 15.9% increase from the same period last year, supported by continued expansion in its online music segment. Net profit attributable to shareholders rose 12.6% to 2.20 billion yuan.Despite the growth, the results fell short of market expectations, particularly as signs of slowing user growth emerged. Monthly active users on the platform’s online music services declined 5% year over year to 528 million, while the number of paying users increased 5.3% to 127.4 million.The company’s Hong Kong-listed shares dropped as much as 24%, falling to HK$43.6 during trading.Subscription revenue continued to expand, rising 13.2%, while revenue from non-subscription music services jumped by more than 40%, driven largely by advertising and offline live performances.Tencent Music also announced that it will discontinue reporting certain operational metrics, including monthly active users and average revenue per user, starting from the next quarter.For the full year, the company recorded revenue of 32.9 billion yuan, up 15.8% from the previous year. Net profit surged 66.4%, helped in part by a one-time gain.Tencent stock price

Original: Tencent Music shares tumble over 20% after Q4 results disappoint investors

Tencent Music earnings miss forecasts despite strong revenue growth in Q4March 17, 2026 7:28 AM
IH Market News
Tencent Music Entertainment Group (NYSE:TME) reported fourth-quarter results on Tuesday that fell short of earnings expectations, even as revenue exceeded analyst forecasts, supported by continued expansion in its online music services.The company recorded adjusted earnings of RMB1.41 ($0.20) per American depositary share (ADS), below the analyst consensus estimate of RMB1.54 per ADS. Revenue, however, came in at RMB8.64 billion ($1.24 billion), ahead of the expected RMB8.44 billion and marking a 15.9% increase from RMB7.46 billion in the same quarter a year earlier.The rise in revenue was mainly driven by the company’s online music segment, which grew 21.7% year-on-year to RMB7.10 billion.Subscription-based music revenue increased 13.2% year-on-year to RMB4.56 billion, supported by enhanced membership benefits such as early access to offline concerts and exclusive artist merchandise.Revenue from non-subscription music services surged 40.8% year-on-year to RMB2.54 billion, helped by strong demand for live offline performances and advertising services.“In 2025, we executed our content-and-platform strategy with discipline, delivering accelerated revenue growth and sustained margin expansion,” said Cussion Pang, Executive Chairman of TME.The number of paying users for online music services rose 5.3% year-on-year to 127.4 million, while the average monthly revenue per paying user increased 7.2% to RMB11.9. The company also reported that its SVIP subscriber base surpassed 20 million by the end of the year. Gross margin improved to 44.7%, compared with 43.6% in the same period a year earlier.For the full year 2025, Tencent Music reported total revenue of RMB32.90 billion, representing a 15.8% increase year-on-year. Adjusted net profit reached RMB9.59 billion, up 25.0% compared with the previous year.The company’s board also approved an annual cash dividend totaling about $368 million, equivalent to $0.24 per ADS.Tencent stock price

Original: Tencent Music earnings miss forecasts despite strong revenue growth in Q4

Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2025 Unaudited Financial ResultsMarch 17, 2026 5:00 AM
PR Newswire (US)

SHENZHEN, China, March 17, 2026 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025.Fourth Quarter 2025 Financial HighlightsTotal revenues were RMB8.64 billion (US$1.24 billion), representing 15.9% year-over-year increase, primarily due to strong growth in revenues from online music services.Revenues from online music services were RMB7.10 billion (US$1.02 billion), representing 21.7% year-over-year growth. Revenues from music subscriptions were RMB4.56 billion (US$653 million), representing 13.2% year-over-year growth. Revenues from music services other than music subscriptions were RMB2.54 billion (US$363 million), representing 40.8% year-over-year growth.Net profit attributable to equity holders of the Company was RMB2.20 billion (US$315 million), representing 12.6% year-over-year growth. Non-IFRS net profit attributable to equity holders of the Company[1] was RMB2.49 billion (US$355 million), representing 9.0% year-over-year growth.Diluted earnings per ADS was RMB1.41 (US$0.20), up from RMB1.26 in the same period of 2024. Non-IFRS diluted earnings per ADS was RMB1.60 (US$0.23), up from RMB1.47 in the same period of 2024.Total cash, cash equivalents, term deposits and short-term investments as of December 31, 2025 were RMB38.04 billion (US$5.44 billion).Full Year 2025 Financial HighlightsTotal revenues were RMB32.90 billion (US$4.71 billion), representing 15.8% year-over-year increase.Revenues from online music services were RMB26.73 billion (US$3.82 billion), representing 22.9% year-over-year growth. Revenues from music subscriptions were RMB17.66 billion (US$2.53 billion), representing 16.0% year-over-year growth. Revenues from music services other than music subscriptions were RMB9.07 billion (US$1.30 billion), representing 39.2% year-over-year growth.Net profit attributable to equity holders of the Company was RMB11.06 billion (US$1.58 billion), representing 66.4% year-over-year growth, as the Company has recognized a gain of RMB2.37 billion (US$339 million) on deemed disposal of an associate in the first quarter of 2025. Non-IFRS net profit attributable to equity holders of the Company[1] was RMB9.59 billion (US$1.37 billion), representing 25.0% year-over-year growth.The Company's board of directors approved an annual cash dividend of approximately US$368 million for the year ended December 31, 2025.Mr. Cussion Pang, Executive Chairman of TME, commented, "In 2025, we executed our content-and-platform strategy with discipline, delivering accelerated revenue growth and sustained margin expansion. Fueled by the solid growth of our subscription services and the powerful momentum of music IP non-subscription offerings, we are deepening a differentiated, all-in-one music services platform. This enables us to unlock greater value from music IPs, creating new opportunities for artists, and address a larger market. As the competitive landscape in music continues to evolve, our track record in delivering integrated, expansive, and multi-faceted services gives us a distinct competitive edge. With disciplined investment and persistent innovation guided by long-term value creation, we are confident in spearheading industry advancement."Mr. Ross Liang, CEO of TME, continued, "Amid rapid advancements in AI technology and evolving consumer expectations, we remained agile, responding proactively on multiple fronts to better serve our users and strengthen our content platform flywheel. Our relentless focus on product enhancement and a multi-tiered, user-centric strategy drove effective subscriber conversion, deeper engagement, and increased wallet share throughout 2025. Notably, driven by differentiated, expansive content privileges and immersive experiences, our SVIP user base surpassed 20 million, with ARPPU continuing to trend upward. Our newly launched ad-supported subscription plan is gaining initial progress and will, over time, allow us to broaden user access and attract new audiences."Fourth Quarter 2025 Operational Highlights Key Operating Metrics
4Q254Q24YoY %MAUs – online music (million) 528556(5.0 %)Paying users – online music (million)127.4121.05.3 %Monthly ARPPU – online music (RMB)11.911.17.2 %CONTENT - Diversified and differentiated offering strengthened our content advantage and broadened audience appeal.Unlocked and elevated classic repertoire value, a key driver of emotional connections and subscription conversion. 1) Renewed and deepened contracts with Warner Music Group and Bin-music, continuing to explore further collaboration in physical albums, merchandise, and live performances. 2) Expanded partnership with Media Asia Music to bring Dolby Atmos to over 300 iconic tracks from legendary artists like Eason Chan, Leslie Cheung, and Andy Lau[2] for the first time, giving audiences an immersive way to enjoy these classics.Expansive and differentiated self-produced content resonated strongly with users which in return drove up streaming share. 1) The Mid-Autumn-themed song, Year After Year by artist Xiao Zhan, became an instant hit, charting globally in 17 countries and regions and amassing over 100 million views across social media platforms in a single day. 2) The recent bespoke OST suite produced for Tencent Video's blockbuster drama Shine on Me, also topped multiple music charts, effectively boosting user engagement. 3) Several co-produced songs staged at the 2026 CMG Spring Festival Gala quickly went viral, with multiple tracks surpassing 10 million streams in less than a week.Broadened genres popular among younger demographics boosted user engagement and streaming share. 1) Expansive K-pop content offerings strengthened by the recent renewed partnership with the Korean label P NATION CORPORATION, providing a 30-day head-start benefit for new releases from artists and groups such as PSY, CRUSH, HWASA, Baby DONT Cry and TNX. 2) Through Tencent Musician Platform, we partnered with more indie and emerging artists such as popular indie band Fine. The collaboration further enriched our catalog, highlighted by their hit single Breathing Decision.IP-VALUE - Unlocked greater IP value through accelerating expansion of more live performance, curated merchandise, and broader strategic artist partnerships.Cultivated premium live experiences to empower artists in expanding their audience reach. We successfully hosted multiple flagship live events in 2025, laying a solid foundation for future collaborations with world-class artists. Notably, we delivered end-to-end production for G-DRAGON's 2025 tour, spanning 20 concerts across eight Asia Pacific cities and attracting over 260,000 attendees. The fourth quarter featured our largest-scale production for him, with two sold-out shows at the Taipei Dome drawing an audience of over 75,000.By onboarding more strategic artists and collaborating across music promotion, live performances, artist management, and merchandise, we amplify the long-term value and versatility of our IP portfolio, paving the way to address a larger market with richer content experiences.Expanded merchandise offerings, sparking new waves of music consumption. 1) Collaborated with Ed Sheeran to produce a KIT album for his new release Play, marking our first partnership with a top-tier Western artist in this hybrid music format. 2) Offered collectibles alongside physical releases to boost engagement and sales, from Esther Yu's deluxe album Spicy Honey to tour-inspired items like Lay Zhang's "GRANDLINE•BOUNDLESS" Tour Special Commemorative Gift Box and LUHAN's SEASON4 ASIA TOUR Commemorative Album.PLATFORM - Comprehensive product offerings and integrated use cases deepened user engagement, making music journeys more ubiquitous, enriching, and immersive.Deepened multi-device coverage by integrating further into PC, in-car, smart speaker, and wearable ecosystems, making music consumption an integral part of users' lives, whether they are commuting, at home, or at work.Leveraged the multi-platform portfolio to serve a wide range of user with different preferences more effectively. While Kugou Music and QQ Music applications provide comprehensive music services to highly engaged users with a strong willingness to pay, lightweight sub-brands such as Bodian Music and Kugou Concept cater to casual listeners.Deepened integration with Weixin Video Account to generate hit music charts and promote music consumption.Introduced new social features within our music applications to amplify user reach and deepen user engagement. 1) QQ Music launched Weverse DM, onboarding around 170 artists from HYBE and other labels to deepen artist-fan interactions. 2) bubble enhanced its functionality by introducing intelligent song recognition and live performance streaming for domestic artists. 3) Our Annual Music report campaign, with personal letters and AI-generated voice messages from artists, drove social buzz and widespread sharing.SUBSCRIPTION - SVIP memberships further scaled, capturing more users and deepening music consumption.Benefiting from deepened collaborations with music labels, artists and the rollout of new, high valued benefits, SVIP subscribers exceeded 20 million by year-end 2025.Appointed brand ambassadors for our SVIP program, including Ryan Ding, Ju Jingyi, and Karry Wang for QQ Music, and Liu Yuning for Kugou Music. Launched prioritized ticketing packages for QQ Music's Top Music Night 2026 and the annual gala of Melody Journey 2, both of which resulted in effective SVIP adoption. Other SVIP benefits such as premium audio effects, personalized avatar outfits and feature-related perks further catalyzed SVIP acquisition and retention.AI - Harnessed AI to empower music creation, elevate users' music experiences, and drive well-rounded music consumption. Enriched music content library with 1) Our one-stop AI music production platform, which empowered more than 150,000 artists and over 10 million users to create and produce music through an increasingly efficient process. 2) Leveraged AI to capture chorus highlights and generate video clips, making the music journey more fun and engaging.Deepened cooperation with the broader Tencent ecosystem to enhance content distribution and consumption. 1) Leveraged self-developed multimodal large model to enhance recommendations, resulting in a record high share of recommendation-driven streams. 2) QQ Music seamlessly integrated with Tencent's AI app Yuanbao, offering users more intelligent and personalized music streaming journeys.QQ Music's AI Agent, powered by Yuanbao, became a system-level hub, allowing users to handle complex tasks through natural-language commands. This evolution goes beyond music discovery to enable direct access to digital albums and merchandise purchases, creating a truly "intent-to-action" experience that drives conversion.Fourth Quarter 2025 Financial Review Total revenues increased by RMB1.18 billion, or 15.9%, to RMB8.64 billion (US$1.24 billion) from RMB7.46 billion in the same period of 2024.Revenues from online music services increased by 21.7% to RMB7.10 billion (US$1.02 billion), compared with RMB5.83 billion in the same period of 2024. The increase was driven by solid growth in revenues from music subscription and offline performances, supplemented by growth in revenues from advertising services. Revenues from music subscriptions were RMB4.56 billion (US$653 million), representing 13.2% year-over-year growth, compared with RMB4.03 billion in the same period of 2024. The rapid growth was mainly driven by our continuous expansion of membership privileges, such as early access to offline performances, artist-related merchandise, and a wide range of premium offerings. Revenues from offline performances achieved robust year-over-year growth. We successfully staged many successful concerts for renowned artists both in China and overseas. The year-over-year increase in revenues from advertising was primarily due to our more diversified product portfolio and innovative ad formats, such as ad-supported mode.Revenues from social entertainment services and others decreased by 5.2% to RMB1.54 billion (US$221 million) from RMB1.63 billion in the same period of 2024.Cost of revenues increased by 13.7% year-over-year to RMB4.78 billion (US$683 million), mainly due to increased costs related to offline performances, advertising services and IP related costs, such as costs for artist-related merchandise. Meanwhile, revenue sharing fees decreased, resulting from declines in both revenue sharing ratio and revenues from social entertainment services.Gross margin increased to 44.7% from 43.6% in the same period of 2024, primarily due to increased revenues from music subscriptions and advertising services, alongside a lower revenue sharing ratio for social entertainment services, and partly offset by increased revenues from offline performances.Total operating expenses increased by 6.2% year-over-year to RMB1.25 billion (US$178 million). Operating expenses as a percentage of total revenues decreased to 14.4% from 15.7% in the same period of 2024. Selling and marketing expenses were RMB266 million (US$38 million), representing 7.3% year-over-year increase. The increase was primarily due to higher channel spending and content promotion expenses.General and administrative expenses were RMB981 million (US$140 million), representing 5.9% year-over-year increase. The increase was primarily due to growth in employee-related expenses.Total operating profit was RMB2.84 billion (US$406 million) in the fourth quarter of 2025, representing 17.9% year-over-year increase.Income tax expenses for the fourth quarter of 2025 were RMB486 million (US$69 million), compared with RMB423 million in the same period of 2024. For the fourth quarter of 2025, net profit was RMB2.29 billion (US$327 million) and net profit attributable to equity holders of the Company was RMB2.20 billion (US$315 million). Non-IFRS net profit was RMB2.58 billion (US$369 million) and non-IFRS net profit attributable to equity holders of the Company was RMB2.49 billion (US$355 million). Please refer to the section in this press release titled "Non-IFRS Financial Measure" for details.Basic and diluted earnings per American Depositary Shares ("ADS") for the fourth quarter of 2025 were RMB1.43 (US$0.20) and RMB1.41 (US$0.20), respectively; non-IFRS basic and diluted earnings per ADS were RMB1.61(US$0.23) and RMB1.60 (US$0.23), respectively. For the fourth quarter of 2025, the Company had weighted averages of 1.54 billion basic and 1.56 billion diluted ADSs outstanding, respectively. Each ADS represents two of the Company's Class A ordinary shares.As of December 31, 2025, the combined balance of the Company's cash, cash equivalents, term deposits and short-term investments amounted to RMB38.04 billion (US$5.44 billion), compared with RMB36.08 billion as of September 30, 2025.Full Year 2025 Financial Review
Total revenues increased by RMB4.50 billion, or 15.8%, to RMB32.90 billion (US$4.71 billion) from RMB28.40 billion in 2024.Revenues from online music services delivered a strong year-over-year increase of 22.9% to RMB26.73 billion (US$3.82 billion) from RMB21.74 billion in 2024. The increase was driven by solid growth in music subscription revenues, supplemented by growth in revenues from offline performances, advertising services and artist-related merchandise. Revenues from music subscriptions were RMB17.66 billion (US$2.53 billion), representing 16.0% year-over-year growth, compared with RMB15.23 billion in 2024. The rapid growth was mainly driven by our continuous expansion of membership privileges, such as early access to live performances, artist-related merchandise, and a wide range of premium offerings.Revenues from social entertainment services and others decreased by 7.3% to RMB6.18 billion (US$883 million) from RMB6.66 billion in 2024.Cost of revenues increased by 12.2% year-over-year to RMB18.37 billion (US$2.63 billion), mainly due to increased costs related to offline performances, IP related costs, such as costs for artist-related merchandise, and advertising costs. Meanwhile, revenue sharing fees decreased, resulting from declines in both revenue sharing ratio and revenues from social entertainment services.Gross margin increased to 44.2% from 42.3% in 2024, primarily due to increased revenues from music subscriptions and advertising services, along with a lower revenue sharing ratio for social entertainment services, partly offset by increased revenues from offline performances and artist-related merchandise.Total operating expenses increased by 3.9% year-over-year to RMB4.86 billion (US$695 million). Operating expenses as a percentage of total revenues decreased to 14.8% from 16.5% in 2024.Selling and marketing expenses were RMB941 million (US$135 million), representing 8.8% year-over-year increase. The increase was primarily due to higher content promotion expenses and channel spending.General and administrative expenses were RMB3.92 billion (US$560 million), representing 2.8% year-over-year increase. The increase was primarily due to growth in employee-related expenses.Other gains, net were RMB2.63 billion (US$376 million) in 2025, which included a gain of RMB2.37 billion (US$339 million) on deemed disposal of an associate in Q1 2025. In March 2025, we received a 2% equity interests of Universal Music Group ("UMG") through a distribution-in-kind from one of our associates, which was designated as financial assets at fair value through other comprehensive income, and recognized a gain of RMB2.37 billion (US$339 million) on deemed disposal of this associate. Following the distribution, we hold the equity interests of UMG directly.Total operating profit was RMB13.36 billion (US$1.91 billion) for the full year of 2025, representing an increase of 53.4% year-over-year.Income tax expenses for the full year of 2025 were RMB1.92 billion (US$275 million), compared with RMB1.60 billion in 2024.For the full year of 2025, net profit was RMB11.35 billion (US$1.62 billion) and net profit attributable to equity holders of the Company was RMB11.06 billion (US$1.58 billion). Non-IFRS net profit was RMB9.92 billion (US$1.42 billion) and non-IFRS net profit attributable to equity holders of the Company was RMB9.59 billion (US$1.37 billion). Please refer to the section in this press release titled "Non-IFRS Financial Measure" for details.Basic and diluted earnings per ADS for the full year of 2025 were RMB7.21(US$1.03) and RMB7.11 (US$1.02), respectively; non-IFRS basic and diluted earnings per ADS were RMB6.25 (US$0.89) and RMB6.17 (US$0.88), respectively. For the full year of 2025, the Company had weighted averages of 1.53 billion basic and 1.55 billion diluted ADSs outstanding, respectively.Declaration of 2025 Dividend
For the fiscal year of 2025, the Company's board of directors declared a cash dividend of US$0.12 per ordinary share, or US$0.24 per ADS, to holders of record of ordinary shares and ADSs as of the close of business on April 2, 2026. The aggregate amount of cash dividends to be paid will be approximately US$368 million and is expected to be paid on or around April 20, 2026 and on or around April 23, 2026 for holders of ordinary shares and holders of ADSs, respectively. Holders of the Company's ADSs will receive the cash dividends through the depositary, The Bank of New York Mellon, subject to the terms of the deposit agreement.Planned Disclosure Change
We adopted the number of paid subscribers and ARPPU as key operating metrics for our online music services at the time of our listing; however, our business model has significantly evolved in recent years. As advertising and other IP related offerings scale, and as we offer multi-tiered membership for online music subscriptions, the business impact of each paid membership varies. As a result, we are increasingly focused on revenue and profit as our primary performance indicators. Given this evolution, starting from next quarter, we will discontinue the disclosure of certain quarterly operating metrics, including online music MAU, paying users and ARPPU. We will instead report the number of total paying users across our music services annually, as of year-end.Environmental, Social, and Governance ("ESG")
We continued to enhance accessibility and inclusive design, broadening access for users of different ages and abilities. For example, QQ Music pioneered a Children's Hearing Protection Mode, leveraging AI to optimize audio output for a healthy listening experience.Exchange Rate
This announcement contains translations of certain RMB amounts into U.S. dollars ("USD") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB6.9931 to US$1.00, the noon buying rate in effect on December 31, 2025, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.Non-IFRS Financial Measure
The Company uses non-IFRS net profit for the period, which is a non-IFRS financial measure, in evaluating its operating results and for financial and operational decision-making purposes. TME believes that non-IFRS net profit helps identify underlying trends in the Company's business that could otherwise be distorted by the effect of certain expenses that the Company includes in its profit for the period. TME believes that non-IFRS net profit for the period provides useful information about its results of operations, enhances the overall understanding of its past performance and future prospects and allows for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.Non-IFRS net profit for the period should not be considered in isolation or construed as an alternative to operating profit, net profit for the period or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review non-IFRS net profit for the period and the reconciliation to its most directly comparable IFRS measure. Non-IFRS net profit for the period presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company's data. TME encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.Non-IFRS net profit for the period represents profit for the period excluding amortization of intangible and other assets arising from business acquisitions or combinations, share-based compensation expenses, net losses/gains from investments and related income tax effects.Please see the "Unaudited Non-IFRS Financial Measure" included in this press release for a full reconciliation of non-IFRS net profit for the period to its net profit for the period.[1] Non-IFRS net profit attributable to equity holders of the Company was arrived at after excluding the combined effect of amortization of intangible assets and other assets arising from business acquisitions or combinations, share-based compensation expenses, net losses/gains from investments, and related income tax effects.[2] Names grouped by artists and bands, sorted in alphabetical order by family names.About Tencent Music Entertainment
Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.Investor Relations Contact
Tencent Music Entertainment Group
ir @kc2608 ext. 885034 TENCENT MUSIC ENTERTAINMENT GROUPCONSOLIDATED INCOME STATEMENTS
















Three Months Ended December 31
Year Ended December 31


2024
2025
2024
2025


 RMB 
 RMB 
 US$ 
 RMB 
 RMB 
 US$ 


 Unaudited 
 Unaudited 
 Unaudited 
 Unaudited 
 Unaudited 
 Unaudited 


(in millions, except per share data)
(in millions, except per share data)Revenues












Online music services

5,831
7,099
1,015
21,742
26,726
3,822Social entertainment services and others

1,627
1,542
221
6,659
6,176
883


7,458
8,641
1,236
28,401
32,902
4,705Cost of revenues

(4,205)
(4,779)
(683)
(16,376)
(18,367)
(2,626)Gross profit

3,253
3,862
552
12,025
14,535
2,078













Selling and marketing expenses

(248)
(266)
(38)
(865)
(941)
(135)General and administrative expenses

(926)
(981)
(140)
(3,811)
(3,916)
(560)Total operating expenses

(1,174)
(1,247)
(178)
(4,676)
(4,857)
(695)Interest income 

315
258
37
1,196
1,054
151Other gains/(losses), net

15
(33)
(5)
165
2,632
376Operating profit

2,409
2,840
406
8,710
13,364
1,911













Share of net profit/(loss) of investments accounted
for using equity method

31
(8)
(1)
96
42
6Finance cost

59
(60)
(9)
(94)
(129)
(18)Profit before income tax

2,499
2,772
396
8,712
13,277
1,899













Income tax expense

(423)
(486)
(69)
(1,603)
(1,924)
(275)Profit for the period/year

2,076
2,286
327
7,109
11,353
1,623













Attributable to:












Equity holders of the Company

1,957
2,203
315
6,644
11,056
1,581Non-controlling interests

119
83
12
465
297
42













Earnings per share for Class A and Class B
ordinary shares












Basic

0.64
0.72
0.10
2.15
3.60
0.52Diluted

0.63
0.71
0.10
2.12
3.56
0.51













Earnings per ADS (2 Class A shares equal to 1 ADS)












Basic

1.27
1.43
0.20
4.31
7.21
1.03Diluted

1.26
1.41
0.20
4.24
7.11
1.02













Shares used in earnings per Class A and Class B
ordinary share computation:












Basic

3,075,189,032
3,079,832,739
3,079,832,739
3,084,230,029
3,067,255,442
3,067,255,442Diluted

3,112,342,854
3,115,495,322
3,115,495,322
3,130,861,720
3,108,803,728
3,108,803,728













ADS used in earnings per ADS computation












Basic

1,537,594,516
1,539,916,369
1,539,916,369
1,542,115,015
1,533,627,721
1,533,627,721Diluted

1,556,171,427
1,557,747,661
1,557,747,661
1,565,430,860
1,554,401,864
1,554,401,864













 TENCENT MUSIC ENTERTAINMENT GROUP




UNAUDITED NON-IFRS FINANCIAL MEASURE


























Three Months Ended December 31
Year Ended December 31







2024
2025
2024
2025







 RMB 
 RMB 
 US$ 
 RMB 
 RMB 
 US$ 







 Unaudited  
 Unaudited  
 Unaudited  
 Unaudited  
 Unaudited  
 Unaudited  







(in millions, except per share data)
(in millions, except per share data)




Profit for the period/year

2,076
2,286
327
7,109
11,353
1,623




Adjustments:

















Amortization of intangible and other assets arising from
business acquisitions or combinations*

110
95
14
440
386
55




Share-based compensation

156
161
23
681
680
97




Losses/(gains) from investments**

94
78
11
110
(2,285)
(327)




Income tax effects***

(37)
(39)
(6)
(204)
(210)
(30)




Non-IFRS Net Profit

2,399
2,581
369
8,136
9,924
1,419























Attributable to:

















Equity holders of the Company

2,280
2,485
355
7,671
9,588
1,371




Non-controlling interests

119
96
14
465
336
48























Earnings per share for Class A and Class B
ordinary shares

















Basic

0.74
0.81
0.12
2.49
3.13
0.45




Diluted

0.73
0.80
0.11
2.45
3.08
0.44























Earnings per ADS (2 Class A shares equal to 1 ADS)

















Basic

1.48
1.61
0.23
4.97
6.25
0.89




Diluted

1.47
1.60
0.23
4.90
6.17
0.88























Shares used in earnings per Class A and Class B
ordinary share computation:

















Basic

3,075,189,032
3,079,832,739
3,079,832,739
3,084,230,029
3,067,255,442
3,067,255,442




Diluted

3,112,342,854
3,115,495,322
3,115,495,322
3,130,861,720
3,108,803,728
3,108,803,728























ADS used in earnings per ADS computation

















Basic

1,537,594,516
1,539,916,369
1,539,916,369
1,542,115,015
1,533,627,721
1,533,627,721




Diluted

1,556,171,427
1,557,747,661
1,557,747,661
1,565,430,860
1,554,401,864
1,554,401,864
















































































* Represents the amortization of identifiable assets, including intangible assets such as domain name, trademark, copyrights, supplier resources, corporate customer relationships and non-compete agreement etc., and fair value adjustment on music content (i.e., signed contracts
obtained for the rights to access to the music contents for which the amount was amortized over the contract period), resulting from business acquisitions or combination.
** Including the net gains/losses on deemed disposals/disposals of investments, fair value changes arising from investments, impairment provision of investments and other expenses in relation to equity transactions of investments.
*** Represents the income tax effects of Non-IFRS adjustments. TENCENT MUSIC ENTERTAINMENT GROUPCONSOLIDATED BALANCE SHEETS








As at December 31, 2024
As at December 31, 2025

 RMB 
 RMB 
 US$ 

 Audited 
 Unaudited 
 Unaudited 

(in millions)ASSETS





Non-current assets





Property, plant and equipment
803
1,201
172Land use rights
2,364
2,290
327Right-of-use assets
295
287
41Intangible assets
2,049
2,899
415Goodwill
19,647
20,521
2,934Investments accounted for using equity method 
4,669
1,659
237Financial assets at fair value through other comprehensive income 14,498
26,231
3,751Other investments
309
303
43Prepayments, deposits and other assets
425
365
52Deferred tax assets
422
498
71Term deposits
10,419
13,810
1,975

55,900
70,064
10,019






Current assets





Inventories
23
41
6Accounts receivable
3,508
3,903
558Prepayments, deposits and other assets
3,793
4,183
598Other investments
46
83
12Term deposits
13,999
15,763
2,254Restricted Cash 
11
15
2Cash and cash equivalents
13,164
8,470
1,211

34,544
32,458
4,641






Total assets
90,444
102,522
14,660













EQUITY





Equity attributable to equity holders of the Company





Share capital
2
2
0Additional paid-in capital
29,035
29,919
4,278Shares held for share award schemes
(520)
(801)
(115)Treasury shares 
(550)
(664)
(95)Other reserves
19,845
22,450
3,210Retained earnings
20,051
29,381
4,201

67,863
80,287
11,481Non-controlling interests
1,863
2,763
395






Total equity
69,726
83,050
11,876






LIABILITIES





Non-current liabilities





Notes payables
3,572
3,497
500Other payables and other liabilities
-
379
54Deferred tax liabilities
198
504
72Lease liabilities
219
200
29Deferred revenue 
179
303
43

4,168
4,883
698






Current liabilities





Accounts payable 
6,879
6,284
899Other payables and other liabilities
3,381
3,558
509Notes payables
2,154
-
-Current tax liabilities
934
1,092
156Lease liabilities
106
116
17Deferred revenue
3,096
3,539
506

16,550
14,589
2,086






Total liabilities
20,718
19,472
2,784






Total equity and liabilities
90,444
102,522
14,660 TENCENT MUSIC ENTERTAINMENT GROUPCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS














Three Months Ended December 31
Year Ended December 31

2024
2025
2024
2025

 RMB 
 RMB 
 US$ 
 RMB 
 RMB 
 US$ 

 Unaudited  
 Unaudited  
 Unaudited  
 Unaudited  
 Unaudited  
 Unaudited  

(in millions)
(in millions)












Net cash provided by operating activities 
2,480
2,391
342
10,275
10,231
1,463Net cash provided by/(used in) investing activities 
1,324
(5,129)
(733)
(6,818)
(10,227)
(1,462)Net cash used in financing activities
(815)
(15)
(2)
(3,830)
(4,649)
(665)Net increase/(decrease) in cash and cash equivalents 
2,989
(2,753)
(394)
(373)
(4,645)
(664)Cash and cash equivalents at beginning of the period/year10,209
11,255
1,609
13,567
13,164
1,882Exchange differences on cash and cash equivalents
(34)
(32)
(5)
(30)
(49)
(7)Cash and cash equivalents at end of the period/year
13,164
8,470
1,211
13,164
8,470
1,211 



View original content:https://www.prnewswire.com/news-releases/tencent-music-entertainment-group-announces-fourth-quarter-and-full-year-2025-unaudited-financial-results-302715742.htmlSOURCE Tencent Music Entertainment Group

Original: Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2025 Unaudited Financial Results

Tencent Music Entertainment Group to Report Fourth Quarter and Full Year 2025 Financial Results on March 17, 2026February 10, 2026 5:00 AM
PR Newswire (US)

SHENZHEN, China, Feb. 10, 2026 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the fourth quarter and full year of 2025 before the U.S. market opens on Tuesday, March 17, 2026.TME's management will host a Tencent Meeting Webinar on Tuesday, March 17, 2026, at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time on Tuesday, March 17, 2026, to review and discuss the Company's business and financial performance.For participants who wish to join the Tencent Meeting Webinar, please complete online registration in advance using the links provided below. Upon registration, each participant will receive an email with webinar access information, including meeting ID, meeting link, dial-in numbers, and a unique attendee ID to join the webinar.Participant Online RegistrationChinese Mainland[1]: https://meeting.tencent.com/dw/hFjwmHqeuT6F
International:             https://voovmeeting.com/dw/hFjwmHqeuT6FA live and archived webcast of the webinar will also be available at the Company's investor relations website at https://ir.tencentmusic.com/.[1] Chinese Mainland, for the purpose of this announcement only, excluding the Hong Kong Special Administrative Region, the Macao Special Administrative Region of the People's Republic of China and TaiwanAbout Tencent Music EntertainmentTencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.Investor Relations Contact
Tencent Music Entertainment Group
ir @kc2608 ext. 885034



View original content:https://www.prnewswire.com/news-releases/tencent-music-entertainment-group-to-report-fourth-quarter-and-full-year-2025-financial-results-on-march-17-2026-302683160.htmlSOURCE Tencent Music Entertainment Group

Original: Tencent Music Entertainment Group to Report Fourth Quarter and Full Year 2025 Financial Results on March 17, 2026

TME reports Tuesday May 13

9.37 lol

Best advice I can give you, sell and get away from this for now. Price Target is $16 or less. This is about to drop again and will continue through next week. Sell and stay away for now the 20K was positive but this is way over valued with year over year gain.

* * $TME Video Chart 04-05-2021 * *

Link to Video - click here to watch the technical chart video

* * $TME Video Chart 04-01-2021 * *

Link to Video - click here to watch the technical chart video

* * $TME Video Chart 03-30-2021 * *

Link to Video - click here to watch the technical chart video

$$$TME gonna fly!$$$

* * $TME Video Chart 03-29-2021 * *

Link to Video - click here to watch the technical chart video

GM Clay. Where is everybody?

* * $TME Video Chart 03-26-2021 * *

Link to Video - click here to watch the technical chart video

* * $TME Video Chart 03-24-2021 * *

Link to Video - click here to watch the technical chart video

... delisting imminent ... $TME

Look at all that green buying and stock is going down doesn't make sense

TME$$$$ $30 TARGET PRICE <(8D) WOOHOOOOOOOOOOOOOOO