Tencent Music Reports 66.4% Profit Surge in 2025 Driven by Online Music Growth
Tencent Music Entertainment Group announced strong financial results for the fiscal year 2025, reporting a significant increase in both revenue and profitability. The company's total revenue reached RMB 32.9 billion ($4.71 billion), representing a 15.8% year-on-year growth. More notably, net profit attributable to equity holders surged by 66.4% to RMB 11.06 billion ($1.58 billion), while non-IFRS net profit rose 25% to RMB 9.59 billion. This performance was primarily driven by the expansion of online music services, which generated RMB 26.73 billion, accounting for 81.2% of total revenue. Within this segment, music subscription revenue grew 16% to RMB 17.66 billion, and non-subscription revenue jumped 39.2% due to offline performances, merchandise, and advertising. The number of online music paying users increased by 5.3% to 127.4 million by the end of 2025. Reflecting its robust financial health, Tencent Music also declared an annual cash dividend of approximately $368 million for the fiscal year. These results highlight the company's successful transition towards a subscription-based model and diversified revenue streams within the digital entertainment sector.
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Tencent Music Reports 66.4% Profit Surge in 2025 Driven by Online Music Growth
Tencent Music Entertainment Group announced strong financial results for the fiscal year 2025, reporting a significant increase in both revenue and profitability. The company's total revenue reached RMB 32.9 billion ($4.71 billion), representing a 15.8% year-on-year growth. More notably, net profit attributable to equity holders surged by 66.4% to RMB 11.06 billion ($1.58 billion), while non-IFRS net profit rose 25% to RMB 9.59 billion. This performance was primarily driven by the expansion of online music services, which generated RMB 26.73 billion, accounting for 81.2% of total revenue. Within this segment, music subscription revenue grew 16% to RMB 17.66 billion, and non-subscription revenue jumped 39.2% due to offline performances, merchandise, and advertising. The number of online music paying users increased by 5.3% to 127.4 million by the end of 2025. Reflecting its robust financial health, Tencent Music also declared an annual cash dividend of approximately $368 million for the fiscal year. These results highlight the company's successful transition towards a subscription-based model and diversified revenue streams within the digital entertainment sector.
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