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]

| TME 腾讯音乐 | | 503 | | --- | --- | --- | | 22.700 ↑ +0.570 +2.58% | | 收盘价 08/11 16:00 美东 | | 23.200 ↑ 0.500 +2.20% | | 盘前价 08/12 05:24 美东 | | 二 24 华 ( 8 8 | | ● 快捷交易 | | 最高价 22.980 | 开盘价 22.280 | 成交量 933.25万 | | 最低价 22.035 | 昨收价 22.130 | 成交额 2.11亿 | | 平均价 22.616 | 市盈率ITM 26.74 | 总市值 351.6亿 (…) | | 振 幅 4.27% | 市盈率(静) 38.47 | 总股本 15.49亿 | | 换手率 1.73% | 市净率 3.450 | 流通值 122.72亿 | | 52周最高 22.980 | 委 比 9.09% | 流通股 5.41亿 | | 52周最低 9.293 | 量 比 2.14 | 色 主 1龄 | | 历史最高 31.559 | 股息TTM 0.314 换股比率 2.00 | | | 历史最低 2.887 | ...

Core Insights - Tencent Music Entertainment Group reported its unaudited financial performance for the second quarter ending June 30, 2025, showing a total revenue of 8.44 billion yuan, a year-on-year increase of 17.9% [1] - The adjusted net profit for the same period was 2.64 billion yuan, reflecting a year-on-year growth of 33.0% [1] Revenue Breakdown - The online music service segment continued to drive high-quality growth, with revenue increasing by 26.4% year-on-year to 6.85 billion yuan [1] - The number of online music paying users rose by 6.3% year-on-year to 124.4 million [1] - Average revenue per paying user per month increased from 10.7 yuan in the same period of 2024 to 11.7 yuan [1]