Tencent Music Q2 FY26 IFRS net profit rises 2.57% to RMB 2.47 billion; revenue increases 5.8% to RMB 8.93 billion
Reuters2026/08/11 09:01- Tencent Music Entertainment Group Q2 2026 revenue rose 5.8% year over year to RMB 8.93 billion (USD 1.32 billion).
- IFRS net profit attributable to equity holders edged up to RMB 2.47 billion (USD 364 million); diluted EPS per ADS increased to RMB 1.57 (USD 0.23).
- Music related services revenue climbed 11% to RMB 7.61 billion (USD 1.12 billion); social entertainment services and others fell 16.4% to RMB 1.33 billion (USD 196 million).
- Total cash, cash equivalents, term deposits and short-term investments totaled RMB 44.22 billion (USD 6.52 billion) at June 30.
- Completed Ximalaya acquisition on May 18; repurchased 43,500,000 ADSs for about USD 400 million at an average USD 9.2.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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