Tencent Music revenue climbs 7.3%, powered by core music services

Tencent Music Entertainment Group (TME) reported total revenues of RMB7.90 billion (US$1.15 billion) for the first quarter of 2026.

This figure represents a 7.3% year-over-year increase. Revenues from music-related services grew 12.2% year-over-year to reach RMB6.51 billion (US$944 million).

Non-IFRS net profit attributable to equity holders totaled RMB2.27 billion (US$330 million). Non-IFRS diluted earnings per ADS stood at RMB1.46 (US$0.21). The company held RMB41.00 billion (US$5.94 billion) in cash and short-term investments as of March 31, 2026.