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Tencent Music Q2 2026 Earnings Report: Total Revenue of RMB 8.93 Billion, Continues to Enrich the 'Music + Audio' Ecosystem
On August 11, we released our financial results for the second quarter of 2026.
In the second quarter of 2026, Tencent Music Entertainment Group achieved healthy performance growth. The company's total revenue for the quarter reached RMB 8.93 billion, a year-on-year increase of 5.8%; adjusted net profit was RMB 2.78 billion, up 5.3% year-on-year; and adjusted EBITDA stood at RMB 3.25 billion, rising 5.2% year-on-year. Revenue from music-related services delivered high-quality growth, increasing 11% year-on-year to RMB 7.61 billion this quarter. Specifically, revenue from music-related membership services reached RMB 4.79 billion, an 8.1% year-on-year increase, while revenue from marketing and consumer services rose 16.2% year-on-year to RMB 2.81 billion.
Driven by the continued deepening of its "One Body, Two Wings" strategy centered on content and platform, the company is focused on building a one-stop music and audio entertainment platform and accelerating the release of full-chain value from high-quality IP. On the content front, the company is cultivating an IP-centric content ecosystem, expanding the boundaries of content partnerships, creating popular self-produced content, and deepening the incubation and development of artist IPs. On the platform front, it is strengthening integration with the Tencent ecosystem, optimizing user music experiences through product innovation and AI applications, and continuously expanding user reach. Leveraging its diverse business matrix, the company is unlocking IP value across multiple scenarios, including super membership benefits, physical albums, derivative merchandise, and offline performances. Looking ahead, the company will uphold copyright protection, transform the value of music IPs into momentum for innovative development, and work with industry partners to jointly promote the long-term development of the industry.
$TME-SW (01698.HK)$$Tencent Music (TME.US)$
$TME-SW (01698.HK)$$Tencent Music (TME.US)$
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