Tencent Music Entertainment Group Class A · HKEX:1698
Tencent Music Entertainment Group Class A — Q2 2026 Earnings Presentation
15 slides from Tencent Music Entertainment Group Class A's earnings presentation, Aug 11, 2026
Slide 1: Second Quarter 2026 Unaudited Financial Results
Tencent Music Entertainment Group Announces Second Quarter 2026 Unaudited Financial Results 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, tod
Slide 2: Cash position, share repurchases and operational highlights
• Total cash, cash equivalents, term deposits and short-term investments as of June 30, 2026 were RMB44.22 billion (US$6.52 billion). • 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 Pan
Slide 3: IP-Centric Content Ecosystem
IP-Centric Content Ecosystem — Deepened strategic partnerships, strengthened proprietary IP capabilities, and expanded presence in digital audio to reinforce long-term IP value. • Expanded strategic partnerships beyond traditional music licensing to unlock greater value. 1) Deepened our partnerships
Slide 4: Second Quarter 2026 Financial Review
Second Quarter 2026 Financial Review Total revenues increased by RMB491 million, or 5.8%, to RMB8.93 billion (US$1.32 billion) from RMB8.44 billion in the same period of 2025. The revenue generated from Ximalaya was RMB407 million (US$60 million)6. • Revenues from music related services increased by
Slide 5: Non-IFRS adjusted EBITDA, cash and share repurchase program
On a non-IFRS basis, adjusted EBITDA for the second quarter of 2026 were RMB3.25 billion (US$480 million). Non-IFRS net profit was RMB2.78 billion (US$410 million) and non-IFRS net profit attributable to equity holders of the Company was RMB2.69 billion (US$396 million). Non-IFRS basic and diluted e
Slide 6: Non-IFRS Financial Measures
Non-IFRS financial measures for the period should not be considered in isolation or construed as an alternative to operating profit, net profit for the period or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review non-IFRS financial me
Slide 7: Safe Harbor Statement
Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expe
Slide 8: Consolidated Income Statements
TENCENT MUSIC ENTERTAINMENT GROUP CONSOLIDATED INCOME STATEMENTS Three Months Ended June 30 Six Months Ended June 30 2025 2026 2025 2026 RMB RMB US$ RMB RMB US$ Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited (in millions, except per share data) (in millions, except per share data) Reven
Slide 9: Consolidated Income Statements: Attribution and Earnings per Share
Three Months Ended June 30 Six Months Ended June 30 2025 2026 2025 2026 RMB RMB US$ RMB RMB US$ Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited (in millions, except per share data) (in millions, except per share data) Attributable to: Equity holders of the Company 2,409 2,471 364 6,700 4
Slide 10: Revenues from Music Related Services
TENCENT MUSIC ENTERTAINMENT GROUP REVENUES FROM MUSIC RELATED SERVICES Three Months Ended June 30 Six Months Ended June 30 2025 2026 2025 2026 RMB RMB US$ RMB RMB US$ Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited (in millions) (in millions) Revenues from music related services Membersh
Slide 11: Unaudited Non-IFRS Financial Measures
TENCENT MUSIC ENTERTAINMENT GROUP UNAUDITED NON-IFRS FINANCIAL MEASURES Three Months Ended June 30 Six Months Ended June 30 2025 2026 2025 2026 RMB RMB US$ RMB RMB US$ Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited (in millions, except per share data) (in millions, except per share data
Slide 12: Non-IFRS Attribution and Earnings per Share
Three Months Ended June 30 Six Months Ended June 30 2025 2026 2025 2026 RMB RMB US$ RMB RMB US$ Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited (in millions, except per share data) (in millions, except per share data) Attributable to: Equity holders of the Company 2,574 2,686 396 4,698 4
Slide 13: Consolidated Balance Sheets
TENCENT MUSIC ENTERTAINMENT GROUP CONSOLIDATED BALANCE SHEETS As at December 31, 2025 As at June 30, 2026 RMB RMB US$ Audited Unaudited Unaudited (in millions) ASSETS Non-current assets Property, plant and equipment 1,201 1,540 227 Land use rights 2,290 2,254 332 Right-of-use assets 287 322 47 Intan
Slide 14: Balance Sheets: Equity and Liabilities
As at December 31, 2025 As at June 30, 2026 RMB RMB US$ Audited Unaudited Unaudited (in millions) EQUITY Equity attributable to equity holders of the Company Share capital 2 2 0 Additional paid-in capital 29,919 34,933 5,148 Shares held for share award schemes (801) (870) (128) Treasury shares (664)
Slide 15: Condensed Consolidated Statements of Cash Flows
TENCENT MUSIC ENTERTAINMENT GROUP CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Three Months Ended June 30 Six Months Ended June 30 2025 2026 2025 2026 RMB RMB US$ RMB RMB US$ Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited (in millions) (in millions) Net cash provided by operating act
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