Core Insights - Tencent Music Entertainment Group reported solid growth in its Q2 financial performance for the period ending June 30, 2025, with total revenue reaching 8.44 billion yuan, a year-on-year increase of 17.9%, and adjusted net profit of 2.64 billion yuan, up 33.0% [1] Revenue Breakdown - Online music service revenue grew by 26.4% year-on-year to 6.85 billion yuan, driven by a 6.3% increase in the number of paying users, which reached 124.4 million [1] - Average revenue per paying user increased from 10.7 yuan in the same period of 2024 to 11.7 yuan [1] Strategic Initiatives - The company continues to deepen collaborations with global record labels and innovate content co-creation formats, enhancing its content ecosystem to meet diverse user preferences [1] - Tencent Music is focused on product innovation to improve user engagement and provide a rich and unique music experience [1] - The company adheres to a long-term growth strategy, aiming to create more development opportunities for the Chinese music industry in collaboration with industry partners [1]

Exhibit 99.1 Tencent Music Entertainment Group Announces Second Quarter 2025 Unaudited Financial Results SHENZHEN, China, August 12, 2025 /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 second quarter ended June 30, 2025. TME's enhanced brand and platform value, together with tailored approaches to support artists home and abroad, ...

Core Insights - Tencent Music's Q2 2025 total revenue reached RMB 8.44 billion, marking a 17.9% year-on-year increase, while adjusted net profit rose to RMB 2.64 billion, up 33.0% [1][3] Revenue Breakdown - Online music services generated RMB 6.85 billion, a 26.4% increase year-on-year, with music subscription revenue at RMB 4.38 billion, growing 17.1% [3][4] - The average revenue per paying user (ARPPU) for online music increased from RMB 10.7 to RMB 11.7 year-on-year, with paying user count reaching 124.4 million, a 6.3% increase [3][4] Cost and Profit Analysis - Operating costs rose by 13.1% to RMB 4.69 billion, primarily due to increased costs related to IP, artist-related expenses, and advertising agency fees [5] - Gross profit for the quarter was RMB 3.75 billion, reflecting the company's ability to maintain profitability despite rising costs [3] Strategic Initiatives - The company’s Executive Chairman highlighted that the music subscription business remains the core growth driver, with expanding music-related services such as advertising and concerts showing strong development [4] - Tencent Music facilitated over 300 offline performance opportunities for nearly 100 music artists through its proprietary performance IPs in the first half of 2025 [4]

Core Insights - Tencent Music Entertainment Group reported its Q2 2025 unaudited financial results, showing a total revenue of 8.44 billion yuan, a year-on-year increase of 17.9%, and an adjusted net profit of 2.64 billion yuan, up 33.0% [1] Group 1: Financial Performance - The online music service revenue grew by 26.4% year-on-year to 6.85 billion yuan in Q2 2025 [1] - The number of online music paying users increased by 6.3% year-on-year to 124.4 million [1] - The average revenue per paying user per month rose from 10.7 yuan in the same period of 2024 to 11.7 yuan [1] Group 2: Strategic Initiatives - Tencent Music continues to deepen collaborations with global record companies and innovate content co-creation formats [1] - The company is focused on creating a rich content ecosystem to meet diverse user preferences through various concerts for domestic and international artists [1] - Tencent Music emphasizes long-termism and aims for sustained high-quality growth by partnering with industry stakeholders to create more development opportunities in the Chinese music industry [1]

Core Insights - Tencent Music Entertainment Group reported solid growth in Q2 2025, with total revenue increasing by 17.9% year-on-year to 8.44 billion yuan and adjusted net profit rising by 33.0% to 2.64 billion yuan [1][3][12] - The online music business showed high-quality growth, with online music service revenue up 26.4% to 6.85 billion yuan and online music subscription revenue increasing by 17.1% to 4.38 billion yuan [1][3][12] - The number of paid online music users grew by 6.3% to 124.4 million, and ARPPU (Average Revenue Per Paying User) increased to 11.7 yuan [1][3][12] Group 1: Online Music Business Performance - The online music sector continues to drive Tencent Music's overall performance, supported by a robust content ecosystem and comprehensive music services [3][4] - The company’s "one body, two wings" strategy focuses on expanding content and platform capabilities, enhancing user experience and service innovation [1][3][12] - Tencent Music's super membership user base surpassed 15 million, marking a significant milestone [3][12] Group 2: Market Outlook and Growth Potential - The Chinese digital music industry is experiencing steady growth, with an expanding user base and increasing paid subscriptions, providing a favorable environment for Tencent Music [3][4] - Analysts predict that Tencent Music's online music subscription business will achieve high-quality growth, driven by the increase in paid users and ARPPU [4] - The company is expected to see double-digit growth in online music service revenue in 2025, supported by diverse content offerings [4] Group 3: Content Ecosystem and User Engagement - Tencent Music is enhancing its content ecosystem by expanding high-quality music offerings and creating engaging live events to meet diverse user needs [5][6][8] - Collaborations with well-known artists and strategic partnerships are being leveraged to boost content creation and user engagement [6][8][10] - The introduction of innovative features and exclusive rights for super members is enhancing user retention and driving higher-value user conversions [10][12] Group 4: Future Strategies - Tencent Music aims to deepen partnerships within the music industry and explore innovative growth points to drive sustainable development [12] - The company is committed to creating a vibrant one-stop music service platform that attracts users through high-quality and diverse music content [12]

人民财讯8月12日电，8月12日，腾讯音乐发布第二季度未经审计财务业绩，实现季度总收入为84.4亿 元，同比增长17.9%，调整后净利润为26.4亿元，同比增长33.0%。第二季度在线音乐服务收入同比增长 26.4%至68.5亿元，在线音乐付费用户数同比增长6.3%至1.244亿，单个付费用户月均收入从2024年同期 的10.7元增长至11.7元。 ...

【环球网财经综合报道】8月12日消息，腾讯音乐娱乐集团（以下简称"腾讯音乐"）今日宣布其截至 2025年6月30日止第二季度未经审计财务业绩。 财报显示，2025年第二季度，腾讯音乐季度总收入为84.4亿元，同比增长17.9%，调整后净利润为26.4 亿元，同比增长33.0%。其中，在线音乐业务保持良好发展势头，持续驱动腾讯音乐高质量增长。第二 季度在线音乐服务收入同比增长26.4%至68.5亿元，在线音乐付费用户数同比增长6.3%至1.244亿，单个 付费用户月均收入从2024年同期的10.7元增长至11.7元。 财报还指出，在内容与平台"一体两翼"战略牵引下，第二季度，腾讯音乐继续深化与全球唱片公司的合 作、创新内容共创形式、为国内外艺人打造一系列演唱会，以日益丰富的内容生态满足用户的多元喜 好；同时深耕产品创新，不断提升产品吸引力与用户活跃度，为用户提供丰富且独特的音乐体验。（青 云） ...

8月12日，腾讯音乐娱乐集团(以下简称"腾讯音乐")(纽交所股票代码：TME及港交所股票代码：1698)今 日公布其截至2025年6月30日止第二季度未经审计财务业绩。 第二季度，腾讯音乐季度总收入为84.4亿元，同比增长17.9%，调整后净利润为26.4亿元，同比增长 33.0%。其中，在线音乐服务收入同比增长26.4%至68.5亿元，在线音乐付费用户数同比增长6.3%至 1.244亿，单个付费用户月均收入从2024年同期的10.7元增长至11.7元。 ...

Core Insights - Tencent Music Entertainment Group reported a strong financial performance for Q2 2025, with total revenue reaching RMB 84.4 billion (USD 11.8 billion), representing a year-on-year growth of 17.9% [1] - The net profit attributable to equity holders was RMB 24.1 billion (USD 3.36 billion), marking a significant increase of 43.2% year-on-year [1] - The company’s cash and cash equivalents, along with short-term investments, totaled RMB 349.2 billion (USD 48.7 billion) as of June 30, 2025 [1] Revenue Breakdown - Online music service revenue grew by 26.4% year-on-year, reaching RMB 68.5 billion (USD 9.57 billion), driven by strong growth in online music subscription revenue and advertising services [2] - Online music subscription revenue was RMB 43.8 billion (USD 6.11 billion), up 17.1% from RMB 37.4 billion in the same period last year, primarily due to an increase in average revenue per paying user [2] - The average revenue per paying user rose from RMB 10.7 to RMB 11.7, attributed to enhanced super member benefits [2] Management Commentary - The Executive Chairman highlighted the achievement of high-quality growth, with both revenue and profit showing robust year-on-year increases, emphasizing the core role of the music subscription business [3] - The CEO noted that product innovation and immersive experiences have led to steady growth in the online music business, with a recent milestone of over 15 million super members, reflecting high user trust and engagement [3] - For the first half of 2025, the company achieved revenue of RMB 157.98 billion, a year-on-year increase of 13.43%, and net profit attributable to equity holders of RMB 67 billion, up 115.85% [3]

Group 1 - The core viewpoint of the article highlights Tencent Music's strong financial performance in Q2 2025, with revenue reaching RMB 8.44 billion, a year-on-year increase of 17.9%, and net profit attributable to equity holders rising by 43.2% to RMB 2.41 billion [1] - Online music service revenue grew significantly by 26.4% to RMB 6.85 billion, driven by strong growth in subscription revenue, which increased by 17.1% to RMB 4.38 billion [1] - The number of monthly active users reached 553 million, with paid online music users increasing by 6.3% to 124.4 million, and the average revenue per paid user per month rising from RMB 10.7 to RMB 11.7 [1] Group 2 - Tencent Music's Executive Chairman emphasized the company's focus on high-quality growth, with music subscription services being a core growth engine, while also expanding into advertising, concerts, and artist-related services [2] - The CEO noted that continuous product innovation and immersive experiences have led to steady growth in the online music business, with a recent milestone of over 15 million super members, indicating high user trust and engagement [2] - The company aims to create long-term value and positive impact for music creators and consumers by leveraging the significant potential of the music entertainment industry [2]