Tencent Music Q1 FY26 net profit drops to RMB 2.09 billion; revenue rises 7.3% to RMB 7.9 billion

PUBT·05/12/2026 09:02:02

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Tencent Music Entertainment Group posted first-quarter revenue of RMB 7.9 billion, up 7.3% year over year.
Net profit attributable to equity holders fell to RMB 2.09 billion; diluted earnings per ADS dropped to RMB 1.34.
Music related services revenue rose 12.2% to RMB 6.51 billion, while social entertainment services and others revenue slid 11% to RMB 1.38 billion.
Gross margin widened 0.8 percentage points to 44.9%, while selling and marketing expenses climbed 36.2% to RMB 271 million.
Management highlighted stronger SVIP adoption and engagement, expanded premium IP partnerships, and new monetization initiatives including Fan Club memberships and deeper integration with Tencent’s Weixin Video Account.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tencent Music Entertainment Group published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605120500PR_NEWS_USPR_____CN54998) on May 12, 2026, and is solely responsible for the information contained therein.

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