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Tencent Music
wrote a post · Aug 17 18:18

TME Q2 Earnings: Richer Audio Ecosystem, IP-Driven New Growth

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. 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 achieved high-quality growth, increasing 11% year-on-year to RMB 7.61 billion in the quarter. Of this, 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 grew 16.2% year-on-year to RMB 2.81 billion.

Building on the continued deepening of our "One Body, Two Wings" strategy centered on content and platform, we are committed to 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, we are 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, we are strengthening integration with the Tencent ecosystem and optimizing user music experiences through product innovation and AI applications, thereby continuously expanding user reach. We are unleashing IP value across the board by extending IPs into diverse scenarios such as super membership benefits, physical albums, derivative merchandise, and offline performances.

Looking ahead, we will remain committed to copyright protection, transforming the value of music IPs into momentum for innovative development, and working with industry partners to promote the long-term growth of the sector.

$TME-SW (01698.HK)$$Tencent Music (TME.US)$
On August 11, we released our financial results for the second quarter of 2026. In the second quarter of 2026, Tencent Music Entertainment Group achieved healthy performance growth. Total revenue for the quarter reached RMB 8.93 billion, a year-on-year increase of 5.8%; adjusted net profit was RMB 2.78 billion, up 5.3% year-on-year; and adjusted EBITDA stood at RMB 3.25 billion, rising 5.2% year-on-year. Revenue from music-related services achieved high-quality growth, increasing 11% year-on-year to RMB 7.61 billion in the quarter. Of this, revenue from music-related membership services reached RMB 4.79 billion, an 8.1% year-on-year increase; while revenue from marketing and consumer services grew 16.2% year-on-year to RMB 2.81 billion. Building on the continued deepening of our "One Body, Two Wings" strategy centered on content and platform, we are committed to building a one-stop music and audio entertainment platform and accelerating the release of full-chain value from high-quality IP. On the content front, we are cultivating an IP-centric content ecosystem, expanding the boundaries of content partnerships, creating popular self-produced content, and deepening the incubation and development of artist IPs. On the platform front, we are strengthening integration with the Tencent ecosystem and optimizing user music experiences through product innovation and AI applications, thereby continuously expanding user reach. We are unleashing IP value across the board by extending IPs into diverse scenarios such as super membership benefits, physical albums, derivative merchandise, and offline performances. Looking ahead, we will remain committed to copyright protection, transforming the value of music IPs into momentum for innovative development, and working with industry partners to promote the long-term growth of the sector. $TME-SW (01698.HK)$$Tencent Music (TME.US)$ ...
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. 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 achieved high-quality growth, increasing 11% year-on-year to RMB 7.61 billion in the quarter. Of this, 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 grew 16.2% year-on-year to RMB 2.81 billion. Building on the continued deepening of our "One Body, Two Wings" strategy centered on content and platform, we are committed to 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, we are 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, we are strengthening integration with the Tencent ecosystem and optimizing user music experiences through product innovation and AI applications, thereby continuously expanding user reach. We are unleashing IP value across the board by extending IPs into diverse scenarios such as super membership benefits, physical albums, derivative merchandise, and offline performances. Looking ahead, we will remain committed to copyright protection, transforming the value of music IPs into momentum for innovative development, and working with industry partners to promote the long-term growth of the sector. $TME-SW (01698.HK)$$Tencent Music (TME.US)$ ...
On August 11, we released our financial results for the second quarter of 2026. In the second quarter of 2026, Tencent Music Entertainment Group achieved healthy performance growth. Total revenue for the quarter reached RMB 8.93 billion, a year-on-year increase of 5.8%; adjusted net profit was RMB 2.78 billion, up 5.3% year-on-year; and adjusted EBITDA stood at RMB 3.25 billion, rising 5.2% year-on-year. Revenue from music-related services achieved high-quality growth, increasing 11% year-on-year to RMB 7.61 billion in the quarter. Of this, revenue from music-related membership services reached RMB 4.79 billion, an 8.1% year-on-year increase; while revenue from marketing and consumer services grew 16.2% year-on-year to RMB 2.81 billion. Building on the continued deepening of our "One Body, Two Wings" strategy centered on content and platform, we are committed to building a one-stop music and audio entertainment platform and accelerating the release of full-chain value from high-quality IP. On the content front, we are cultivating an IP-centric content ecosystem, expanding the boundaries of content partnerships, creating popular self-produced content, and deepening the incubation and development of artist IPs. On the platform front, we are strengthening integration with the Tencent ecosystem and optimizing user music experiences through product innovation and AI applications, thereby continuously expanding user reach. We are unleashing IP value across the board by extending IPs into diverse scenarios such as super membership benefits, physical albums, derivative merchandise, and offline performances. Looking ahead, we will remain committed to copyright protection, transforming the value of music IPs into momentum for innovative development, and working with industry partners to promote the long-term growth of the sector. $TME-SW (01698.HK)$$Tencent Music (TME.US)$ ...
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. 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 achieved high-quality growth, increasing 11% year-on-year to RMB 7.61 billion in the quarter. Of this, 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 grew 16.2% year-on-year to RMB 2.81 billion. Building on the continued deepening of our "One Body, Two Wings" strategy centered on content and platform, we are committed to 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, we are 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, we are strengthening integration with the Tencent ecosystem and optimizing user music experiences through product innovation and AI applications, thereby continuously expanding user reach. We are unleashing IP value across the board by extending IPs into diverse scenarios such as super membership benefits, physical albums, derivative merchandise, and offline performances. Looking ahead, we will remain committed to copyright protection, transforming the value of music IPs into momentum for innovative development, and working with industry partners to promote the long-term growth of the sector. $TME-SW (01698.HK)$$Tencent Music (TME.US)$ ...
On August 11, we released our financial results for the second quarter of 2026. In the second quarter of 2026, Tencent Music Entertainment Group achieved healthy performance growth. Total revenue for the quarter reached RMB 8.93 billion, a year-on-year increase of 5.8%; adjusted net profit was RMB 2.78 billion, up 5.3% year-on-year; and adjusted EBITDA stood at RMB 3.25 billion, rising 5.2% year-on-year. Revenue from music-related services achieved high-quality growth, increasing 11% year-on-year to RMB 7.61 billion in the quarter. Of this, revenue from music-related membership services reached RMB 4.79 billion, an 8.1% year-on-year increase; while revenue from marketing and consumer services grew 16.2% year-on-year to RMB 2.81 billion. Building on the continued deepening of our "One Body, Two Wings" strategy centered on content and platform, we are committed to building a one-stop music and audio entertainment platform and accelerating the release of full-chain value from high-quality IP. On the content front, we are cultivating an IP-centric content ecosystem, expanding the boundaries of content partnerships, creating popular self-produced content, and deepening the incubation and development of artist IPs. On the platform front, we are strengthening integration with the Tencent ecosystem and optimizing user music experiences through product innovation and AI applications, thereby continuously expanding user reach. We are unleashing IP value across the board by extending IPs into diverse scenarios such as super membership benefits, physical albums, derivative merchandise, and offline performances. Looking ahead, we will remain committed to copyright protection, transforming the value of music IPs into momentum for innovative development, and working with industry partners to promote the long-term growth of the sector. $TME-SW (01698.HK)$$Tencent Music (TME.US)$ ...
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. 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 achieved high-quality growth, increasing 11% year-on-year to RMB 7.61 billion in the quarter. Of this, 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 grew 16.2% year-on-year to RMB 2.81 billion. Building on the continued deepening of our "One Body, Two Wings" strategy centered on content and platform, we are committed to 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, we are 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, we are strengthening integration with the Tencent ecosystem and optimizing user music experiences through product innovation and AI applications, thereby continuously expanding user reach. We are unleashing IP value across the board by extending IPs into diverse scenarios such as super membership benefits, physical albums, derivative merchandise, and offline performances. Looking ahead, we will remain committed to copyright protection, transforming the value of music IPs into momentum for innovative development, and working with industry partners to promote the long-term growth of the sector. $TME-SW (01698.HK)$$Tencent Music (TME.US)$ ...
On August 11, we released our financial results for the second quarter of 2026. In the second quarter of 2026, Tencent Music Entertainment Group achieved healthy performance growth. Total revenue for the quarter reached RMB 8.93 billion, a year-on-year increase of 5.8%; adjusted net profit was RMB 2.78 billion, up 5.3% year-on-year; and adjusted EBITDA stood at RMB 3.25 billion, rising 5.2% year-on-year. Revenue from music-related services achieved high-quality growth, increasing 11% year-on-year to RMB 7.61 billion in the quarter. Of this, revenue from music-related membership services reached RMB 4.79 billion, an 8.1% year-on-year increase; while revenue from marketing and consumer services grew 16.2% year-on-year to RMB 2.81 billion. Building on the continued deepening of our "One Body, Two Wings" strategy centered on content and platform, we are committed to building a one-stop music and audio entertainment platform and accelerating the release of full-chain value from high-quality IP. On the content front, we are cultivating an IP-centric content ecosystem, expanding the boundaries of content partnerships, creating popular self-produced content, and deepening the incubation and development of artist IPs. On the platform front, we are strengthening integration with the Tencent ecosystem and optimizing user music experiences through product innovation and AI applications, thereby continuously expanding user reach. We are unleashing IP value across the board by extending IPs into diverse scenarios such as super membership benefits, physical albums, derivative merchandise, and offline performances. Looking ahead, we will remain committed to copyright protection, transforming the value of music IPs into momentum for innovative development, and working with industry partners to promote the long-term growth of the sector. $TME-SW (01698.HK)$$Tencent Music (TME.US)$ ...
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. 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 achieved high-quality growth, increasing 11% year-on-year to RMB 7.61 billion in the quarter. Of this, 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 grew 16.2% year-on-year to RMB 2.81 billion. Building on the continued deepening of our "One Body, Two Wings" strategy centered on content and platform, we are committed to 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, we are 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, we are strengthening integration with the Tencent ecosystem and optimizing user music experiences through product innovation and AI applications, thereby continuously expanding user reach. We are unleashing IP value across the board by extending IPs into diverse scenarios such as super membership benefits, physical albums, derivative merchandise, and offline performances. Looking ahead, we will remain committed to copyright protection, transforming the value of music IPs into momentum for innovative development, and working with industry partners to promote the long-term growth of the sector. $TME-SW (01698.HK)$$Tencent Music (TME.US)$ ...
On August 11, we released our financial results for the second quarter of 2026. In the second quarter of 2026, Tencent Music Entertainment Group achieved healthy performance growth. Total revenue for the quarter reached RMB 8.93 billion, a year-on-year increase of 5.8%; adjusted net profit was RMB 2.78 billion, up 5.3% year-on-year; and adjusted EBITDA stood at RMB 3.25 billion, rising 5.2% year-on-year. Revenue from music-related services achieved high-quality growth, increasing 11% year-on-year to RMB 7.61 billion in the quarter. Of this, revenue from music-related membership services reached RMB 4.79 billion, an 8.1% year-on-year increase; while revenue from marketing and consumer services grew 16.2% year-on-year to RMB 2.81 billion. Building on the continued deepening of our "One Body, Two Wings" strategy centered on content and platform, we are committed to building a one-stop music and audio entertainment platform and accelerating the release of full-chain value from high-quality IP. On the content front, we are cultivating an IP-centric content ecosystem, expanding the boundaries of content partnerships, creating popular self-produced content, and deepening the incubation and development of artist IPs. On the platform front, we are strengthening integration with the Tencent ecosystem and optimizing user music experiences through product innovation and AI applications, thereby continuously expanding user reach. We are unleashing IP value across the board by extending IPs into diverse scenarios such as super membership benefits, physical albums, derivative merchandise, and offline performances. Looking ahead, we will remain committed to copyright protection, transforming the value of music IPs into momentum for innovative development, and working with industry partners to promote the long-term growth of the sector. $TME-SW (01698.HK)$$Tencent Music (TME.US)$ ...
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. 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 achieved high-quality growth, increasing 11% year-on-year to RMB 7.61 billion in the quarter. Of this, 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 grew 16.2% year-on-year to RMB 2.81 billion. Building on the continued deepening of our "One Body, Two Wings" strategy centered on content and platform, we are committed to 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, we are 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, we are strengthening integration with the Tencent ecosystem and optimizing user music experiences through product innovation and AI applications, thereby continuously expanding user reach. We are unleashing IP value across the board by extending IPs into diverse scenarios such as super membership benefits, physical albums, derivative merchandise, and offline performances. Looking ahead, we will remain committed to copyright protection, transforming the value of music IPs into momentum for innovative development, and working with industry partners to promote the long-term growth of the sector. $TME-SW (01698.HK)$$Tencent Music (TME.US)$ ...
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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