Tencent Music Entertainment Q2 2025 Earnings

• Revenue: RMB8.44B ($1.18B) 🟢 +17.9% YoY

• Online music services revenue: RMB6.85B ($957M) 🟢 +26.4% YoY

• Music subscription revenue: RMB4.38B ($611M) 🟢 +17.1% YoY

• Net profit: RMB2.41B ($336M) 🟢 +43.2% YoY

• Diluted EPS: RMB1.55 ($0.22) vs RMB1.07 YoY 🟢 +44.9%

• Gross margin: 44.4% vs 42.0% YoY

💬 Highlights:

• SVIP subscribers surpassed 15M

• Monthly ARPPU up to RMB11.7 from RMB10.7 YoY

• Strong growth in advertising, merchandise, and live concerts offset social entertainment revenue decline (-8.5% YoY)

• Cash & equivalents: RMB34.92B ($4.87B)

📈 Shares +2.1% pre-market