Business
Tencent Music Entertainment Group Announces First Quarter 2026 Unaudited Financial Results
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 first quarter ended March 31, 2026.
About this update from Tencent Music Entertainment Group Class A
[{"type":"text","content":"SHENZHEN, China, May 12, 2026 /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 first quarter ended March 31, 2026.","length":313,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Financial Highlights","length":44,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenues were RMB7.90 billion (US$1.15 billion), representing a 7.3% year-over-year increase, primarily due to strong growth in revenues from music related services[1].","length":174,"tagName":"p"}]},{"val":[{"type":"text","content":"Revenues from music related services[1] were RMB6.51 billion (US$944 million), representing 12.2% year-over-year growth. Revenues from membership services[2] were RMB4.57 billion (US$662 million), representing 6.6% year-over-year growth. Revenues from music related services other than membership services were RMB1.94 billion (US$282 million), representing 28.0% year-over-year growth.","length":396,"tagName":"p"}]},{"val":[{"type":"text","content":"On an IFRS basis:","length":17,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net profit attributable to equity holders of the Company was RMB2.09 billion (US$303 million), compared with RMB4.29 billion in the same period of 2025, as the Company has recognized a gain of RMB2.37 billion on deemed disposal of an associate in the first quarter of 2025.","length":273,"tagName":"p"}]},{"val":[{"type":"text","content":"Diluted earnings per ADS was RMB1.34 (US$0.19), compared with RMB2.77 in the same period of 2025.","length":97,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":370,"olType":false}]},{"val":[{"type":"text","content":"On a non-IFRS basis:","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Adjusted EBITDA[3] was RMB2.83 billion (US$410 million), representing 10.5% year-over-year growth.","length":98,"tagName":"p"}]},{"val":[{"type":"text","content":"Non-IFRS net profit attributable to equity holders of the Company[3] was RMB2.27 billion (US$330 million), representing 7.0% year-over-year growth.","length":147,"tagName":"p"}]},{"val":[{"type":"text","content":"Non-IFRS dilu...