3SemanaΒ·

Tencent Music Entertainment Q2 2025 Earnings

$TME (-1,42%)


β€’ Revenue: RMB8.44B ($1.18B) 🟒 +17.9% YoY

β€’ Online music services revenue: RMB6.85B ($957M) 🟒 +26.4% YoY

β€’ Music subscription revenue: RMB4.38B ($611M) 🟒 +17.1% YoY

β€’ Net profit: RMB2.41B ($336M) 🟒 +43.2% YoY

β€’ Diluted EPS: RMB1.55 ($0.22) vs RMB1.07 YoY 🟒 +44.9%

β€’ Gross margin: 44.4% vs 42.0% YoY


πŸ’¬ Highlights:

β€’ SVIP subscribers surpassed 15M

β€’ Monthly ARPPU up to RMB11.7 from RMB10.7 YoY

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

β€’ Cash & equivalents: RMB34.92B ($4.87B)

πŸ“ˆ Shares +2.1% pre-market

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