Tencent Music Entertainment operates China’s leading online music and audio platforms, including QQ Music, Kugou Music and Kuwo Music, plus social karaoke through WeSing. Revenue comes from subscriptions, digital albums, live streaming, advertising and virtual gifts around music and fan communities. The group leverages a large user base and content ecosystem closely linked to the broader Tencent internet franchise.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 7,356 | — | 4,291 | 129.4% |
| Q2 2025 | 8,442 | — | 2,409 | 18% |
| Q3 2025 | 8,463 | — | 2,153 | 3.4% |
| Q4 2025 | 8,641 | — | 2,203 | -13.1% |
| Q1 2026 | 7,895 | 7.3% | 2,091 | -51.3% |
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