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Tencent Music Entertainment Group Announces Second Quarter 2026 Unaudited Financial Results
- TME
-9.55%
SHENZHEN, China, Aug. 11, 2026 /PRNewswire/ — Tencent Music Entertainment Group (“TME,” or the “Company“) (NYSE: TME and HKEX: 1698), the leading all-in-one music and audio entertainment platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2026.
Second Quarter 2026 Financial Highlights
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Total revenueswere RMB8.93 billion (US$1.32 billion), representing a 5.8% year-over-year increase, primarily due to strong growth in revenues from music related services[1].
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Revenues from music related services[1] were RMB7.61 billion (US$1.12 billion), representing 11.0% year-over-year growth, driven by solid growth in revenues from marketing and consumption services[2], such as offline performance related services, as well as revenues from membership services[3].Revenues from membership services[3] were RMB4.79 billion (US$706 million), representing 8.1% year-over-year growth.
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Net profit attributable to equity holders of the Companywas RMB2.47 billion (US$364 million), compared with RMB2.41 billion in the same period of 2025.
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Diluted earnings per ADS was RMB1.57 (US$0.23), compared with RMB1.55 in the same period of 2025.
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Adjusted EBITDA[4] was RMB3.25 billion (US$480 million), representing 5.2% year-over-year growth.
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Non-IFRS net profit attributable to equity holders of the Company[4]was RMB2.69 billion (US$396 million), representing 4.4% year-over-year growth.
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Non-IFRS diluted earnings per ADS was RMB1.70 (US$0.25), up from RMB1.66 in the same period of 2025.
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Total cash, cash equivalents, term deposits and short-term investments as of June 30, 2026 were RMB44.22 billion (US$6.52 billion).
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In the second quarter of 2026, the Company repurchased 43.5 million ADSs with cash for an aggregate consideration of approximately US$400.0 million.
Mr. Cussion Pang, Executive Chairman of TME, commented, “Our second-quarter results reflect the continued strength of our content-and-platform strategy. Concerts, merchandise, and other IP-driven experiences drove another quarter of solid growth in our marketing and consumption services, underscoring our ability to unlock greater value from premium music IP. Our expansion into digital audio through the integration of Ximalaya broadened our reach and enriched our ecosystem. As the industry evolves, we continue to champion copyright protection, foster a healthy ecosystem, and safeguard the value of creative work.”
Mr. Ross Liang, CEO of TME, continued, “Amid a rapidly evolving market, we remain steadfast in building an ecosystem where our users can discover, connect, and be inspired through music and audio experiences. Our focus on differentiated content and a vibrant community continues to deepen engagement with our core users, and SVIP membership continues to grow. The addition of Ximalaya is an exciting milestone that will allow us to deliver an even richer audio experience and serve our users more effectively. Together, we are shaping the future of music and audio entertainment and unlocking long-term growth.”
