转自：证券时报 人民财讯11月12日电，11月12日，腾讯音乐公布第三季度业绩。公告显示，2025年第三季度腾讯音乐总 收入为人民币84.6亿元，同比增长20.6%，主要得益于在线音乐服务收入的同比强劲增长。公司权益持 有人应占净利润为人民币21.5亿元，同比增长36.0%，非国际财务报告准则公司权益持有人应占净利润 为人民币24.1亿元，同比增长32.6%。 ...

Core Viewpoint - Tencent Music Entertainment Group reported steady growth in its financial performance for the third quarter ending September 30, 2025, with total revenue reaching 8.46 billion yuan, a year-on-year increase of 20.6% [1] Financial Performance - Total revenue for the third quarter was 8.46 billion yuan, reflecting a 20.6% year-on-year growth [1] - Adjusted net profit for the quarter was 2.48 billion yuan, up 27.7% compared to the previous year [1] - Online music service revenue increased by 27.2% to 6.97 billion yuan [1] - Average revenue per paying user rose from 10.8 yuan in the same quarter of 2024 to 11.9 yuan [1] Strategic Initiatives - The growth was attributed to the deepening of the "one body, two wings" strategy, focusing on content and platform integration [1] - Tencent Music continued to strengthen collaborations with globally recognized record companies and artists [1] - The company is committed to innovating product features and services to meet diverse user needs, creating personalized and differentiated music experiences [1] - Future plans include seizing emerging opportunities and expanding music service offerings in collaboration with industry partners to promote healthy industry development [1]

来源：智通财经 11月12日，腾讯音乐娱乐集团宣布其截至2025年9月30日止第三季度未经审计财务业绩。2025年第三季 度，集团季度总收入为84.6亿元，同比增长20.6%，调整后净利润为24.8亿元，同比增长27.7%。其中， 在线音乐服务收入同比增长27.2%至69.7亿元，单个付费用户月均收入从2024年同期的10.8元增长至11.9 元。 ...

Core Insights - Tencent Music Entertainment Group reported a total revenue of RMB 8.46 billion for Q3 2025, representing a year-on-year growth of 20.6%, primarily driven by strong growth in online music service revenue [1] - The net profit attributable to equity holders was RMB 2.15 billion, up 36.0% year-on-year, while the non-IFRS net profit attributable to equity holders was RMB 2.41 billion, reflecting a 32.6% increase [1] - The diluted earnings per American Depositary Share (ADS) were RMB 1.38, an increase from RMB 1.01 in the same period of 2024 [1] Revenue Breakdown - Online music service revenue grew by 27.2% year-on-year to RMB 6.97 billion [1] - Online music subscription revenue increased by 17.2% year-on-year to RMB 4.50 billion [1] - Average revenue per paying user per month rose from RMB 10.8 in 2024 to RMB 11.9 [1] Financial Position - As of September 30, 2025, the total balance of cash, cash equivalents, time deposits, and short-term investments was RMB 36.08 billion [1] Management Commentary - The Executive Chairman highlighted the solid performance in the online music business, attributing the growth to continuous innovation and expansion into live experiences, which also boosted non-subscription services [2] - The CEO noted the thriving platform ecosystem and emphasized the importance of user insights in creating personalized services, which enhanced user engagement and increased the penetration of super memberships [2]

(本文来自第一财经) 11月12日，腾讯音乐娱乐集团财报显示，第三季度总收入为84.6亿元，同比增长20.6%，调整后净利润 为24.8亿元，同比增长27.7%。其中，在线音乐服务收入同比增长27.2%至69.7亿元，单个付费用户月均 收入从2024年同期的10.8元增长至11.9元。 ...

Financial Performance - Tencent Music's total revenue for Q3 2025 reached RMB 84.6 billion (USD 11.9 billion), representing a year-on-year growth of 20.6% [1] - The net profit attributable to equity holders was RMB 21.5 billion (USD 3.02 billion), up 36.0% year-on-year [1] - Non-IFRS net profit attributable to equity holders was RMB 24.1 billion (USD 3.38 billion), reflecting a 32.6% increase year-on-year [1] - The diluted earnings per American Depositary Share (ADS) were RMB 1.38 [1] - As of September 30, 2025, the total balance of cash, cash equivalents, time deposits, and short-term investments was RMB 360.8 billion (USD 50.7 billion) [1] Online Music Services - Revenue from online music services grew by 27.2% year-on-year to RMB 69.7 billion (USD 9.79 billion) [1] - Online music subscription revenue increased by 17.2% to RMB 45.0 billion (USD 6.32 billion) [1] - The average revenue per paying user rose from RMB 10.8 in 2024 to RMB 11.9 [1] Strategic Insights - The Executive Chairman highlighted the strong performance of the online music business, attributing growth to content innovation and expanded live experiences [2] - The CEO noted the continuous prosperity of the platform ecosystem, emphasizing personalized services and increased user engagement [2] - The company aims to strengthen its core competencies, enhance platform efficiency, and seize emerging opportunities to empower music creation and consumption [2]

腾讯音乐11月12日发布了2025年Q3财报。第三季度总收入84.6亿元，同比增长20.6%，调整后净利润 24.8亿元，同比增长27.7%。在线音乐服务收入同比增长27.2%至69.7亿元，单个付费用户月均收入 （ARPPU）进一步提升至11.9元。 ...

Core Viewpoint - Tencent Music (TME.US) reported a strong Q3 performance with revenue of 8.46 billion yuan, a year-on-year increase of 20.6%, surpassing the forecast of 8.23 billion yuan [1] Financial Performance - Revenue for Q3 reached 8.46 billion yuan, up 20.6% year-on-year, exceeding the expected 8.23 billion yuan [1] - Operating profit was 2.71 billion yuan, also above the forecast of 2.68 billion yuan [1] Market Reaction - Tencent Music's stock price rose nearly 5% in pre-market trading, reaching $21.77 [1] - The stock's closing price prior to the announcement was $21.55, with a trading volume of 8.73 million shares [1] Strategic Insights - The company is expanding its reach to music platform companies, leveraging its leading position in the industry [1] - AI technology is enhancing user engagement and advertising effectiveness, contributing to the growth in advertising revenue [1]

Core Insights - Tencent Music Entertainment Group reported its unaudited financial performance for the third quarter ending September 30, 2025, showing a total revenue of 8.46 billion yuan, a year-on-year increase of 20.6%, and an adjusted net profit of 2.48 billion yuan, up 27.7% [1] Revenue Breakdown - The online music business continues to drive growth, with online music service revenue increasing by 27.2% year-on-year to 6.97 billion yuan [1] - The average revenue per paid user per month rose from 10.8 yuan in the same period of 2024 to 11.9 yuan [1] Strategic Initiatives - The company achieved robust growth through the deepening of its "content and platform" dual strategy [1] - Tencent Music has strengthened collaborations with globally renowned record companies and artists, hosting large domestic and international tours and expanding its own performance IP matrix [1] - Continuous innovation in product features and services has been implemented to meet the diverse needs of user groups, creating personalized and differentiated music experiences [1]

专题：聚焦2025年第三季度美股财报 责任编辑：刘明亮 11月12日下午消息，腾讯音乐（NYSE：TME；HKEX： 1698）今日公布了截至9月30日的2025年第三 季度财报：营收为84.6亿元，同比增长20.6%。净利润为22.1亿元，而2024年同期净利润为17.1亿元。归 属于腾讯音乐股东的净利润为21.5亿元，而2024年同期归属腾讯音乐股东的净利润为15.8亿元。 非国际财务报告准则下，净利润为24.8亿元，而2024年同期净利润为19.4亿元。归属于腾讯音乐股东的 净利润为24.1亿元，而2024年同期归属于腾讯音乐股东的净利润为18.1亿元。 ...