Tencent Music Entertainment Group (TME) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Before we continue, I'm referring to the State of Harvard statement in our earnings release. Students. Please note that we discuss non-IFRS measures today, which are not thoroughly sworn and reconciled to the most comparable measures reported under IFRS in readiness reviews and balance with the SEC. All participants are muted at this time. After management's remarks, there will be a Q&A session, and please be advised that today's call is being recorded. With that, I'm pleased to turn the call over to Kashin. Thank you, Millicent. Hello, everyone, and thank you for joining our call today. In the second quarter, we deliver resilience performance while navigating a compact and evolving market. Our second growth engine continued to strengthen. Revenue from marketing and consumption service achieved another quarter of solid growth as we further expanded the value of music IP through live concerts, merchandise, and other IP-driven experiences. The addition of Simalaya marks another important step in our content and platform strategy. By bringing music and audio together, we are enriching our content offering, reaching users across more listening occasions and giving them more ways to discover, enjoy and engage with great content. Our strategy is clear. We are strengthening our content ecosystem by deepening strategic partnerships, developing more proprietary IP, and extending premium content across a wider range of expenses. First, Premium content remains at the heart of this strategy, and the recent momentum we are seeing with classic catalogs is a perfect example. His variety shows and concert tours have amplified the reach of this work, making loyal fans more engaged while drawing in new generations of listeners. This has led to continuous growth in their streaming shar...