Business
Tencent Music Entertainment Group Announces Third Quarter 2025 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 third quarter ended September 30, 2025.
About this update from Tencent Music Entertainment Group Class A
[{"type":"text","content":"SHENZHEN, China, Nov. 12, 2025 /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 third quarter ended September 30, 2025.","length":323,"tagName":"p"},{"type":"text","content":"Third Quarter 202 5 Financial Highlights","length":42,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenues were RMB8.46 billion (US$1.19 billion), representing a 20.6% year-over-year increase, primarily due to strong year-over-year growth in revenues from online music services.","length":191,"tagName":"p"}]},{"val":[{"type":"text","content":"Revenues from online music services were RMB6.97 billion (US$979 million), representing 27.2% year-over-year growth. Revenues from music subscriptions were RMB4.50 billion (US$632 million), representing 17.2% year-over-year growth. Monthly ARPPU grew to RMB11.9 from RMB10.8 in the same period of 2024.","length":312,"tagName":"p"}]},{"val":[{"type":"text","content":"Net profit attributable to equity holders of the Company was RMB2.15 billion (US$302 million), representing 36.0% year-over-year growth. Non-IFRS net profit attributable to equity holders of the Company[1] was RMB2.41 billion (US$338 million), representing 32.6% year-over-year growth.","length":295,"tagName":"p"}]},{"val":[{"type":"text","content":"Diluted earnings per ADS was RMB1.38 (US$0.19), up from RMB1.01 in the same period of 2024. Non-IFRS diluted earnings per ADS was RMB1.54 (US$0.22), up from RMB1.16 in the same period of 2024.","length":197,"tagName":"p"}]},{"val":[{"type":"text","content":"Total cash, cash equivalents, term deposits and short-term investments as of September 30, 2025 were RMB36.08 billion (US$5.07 billion).","length":147,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1142,"olType":false},{"type":"text","content":"Mr. Cussion Pang, Executive Chairman of TME, commented, "In the third quarter, we delivered another set of solid results, underpinned by the well-rounded performance of our online music business. Our ongoing innovations in content enrichment, services expansion to include more live experiences continued to fuel c...