Tencent Music Entertainment Group (TME) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, good morning, and welcome to Tencent Music Entertainment Group's first quarter 2025 earnings conference call. I'm Millicent Tu, head of IR. We announced our quarterly financial results earlier today before the US market opened. The earnings release is now available on our IR website and via newswire services. During today's call, you'll hear from Mr. Kashan Pang, our executive chairman, and Mr. Ross Leung, our CEO, who will share an overview of our company's strategies and business updates. Then Ms. Shirley, who I'll set forward, discuss our financial results before we open the call for questions. Before we continue, I refer you to the safe harbor statement in our earnest release, which applies to this call as we'll make forelooking statements. Please note that we'll discuss non-IFRS measures today, which are more thoroughly explained and reconciled to the most comparable measures reported under IFRS in our earnings release and filings with the SEC. All participants are muted at this time. After management's remarks, there'll be a Q&A session. And please be advised that today's call is being recorded. With that, I'm very pleased to turn the call over to Kassian, Executive Chairman of TME. Kassian. Thank you, Madison. Welcome. Hello, everyone. And thank you for joining our call today. We kicked off 2025 with a strong first quarter performance, demonstrating robust top-line growth and stronger profitability. This underscores the successful execution of our high-quality growth strategy with the solid foundation we have built, a thriving music ecosystem, and healthy financial position. we are well-equipped to navigate global uncertainties with confidence. As music becomes more accessible and personalized, we see user preferences becoming increasingly divers...