Tencent Music Q3 Revenue Surges 27% on Strong Online Music Growth
Tencent Music Entertainment Group (TME) announced robust financial results for the third quarter of 2025, reporting a 27.2% year-on-year increase in revenue from online music services to RMB6.97 billion (US$979 million). This growth was primarily driven by a 17.2% rise in music subscription revenue, which reached RMB4.5 billion (US$632 million), fueled by higher average revenue per paying user (ARPPU) and the successful expansion of its SVIP membership program. Additionally, TME’s operating profit climbed 26.4% to RMB2.71 billion (US$381 million). The company attributed this profitability to strategic new content partnerships with Korean and Japanese record labels, as well as the expansion of its live music operations. Notable operational highlights included hosting 14 sold-out concerts featuring G-DRAGON across Asia and launching the inaugural TMElive International Music Awards, which showcased 22 artists. These developments underscore TME’s effective strategy in diversifying revenue streams through premium subscriptions and high-profile live entertainment events, strengthening its market position in the digital music industry.
Wire timeline
Tencent Music Q3 Revenue Surges 27% on Strong Online Music Growth
Tencent Music Entertainment Group (TME) announced robust financial results for the third quarter of 2025, reporting a 27.2% year-on-year increase in revenue from online music services to RMB6.97 billion (US$979 million). This growth was primarily driven by a 17.2% rise in music subscription revenue, which reached RMB4.5 billion (US$632 million), fueled by higher average revenue per paying user (ARPPU) and the successful expansion of its SVIP membership program. Additionally, TME’s operating profit climbed 26.4% to RMB2.71 billion (US$381 million). The company attributed this profitability to strategic new content partnerships with Korean and Japanese record labels, as well as the expansion of its live music operations. Notable operational highlights included hosting 14 sold-out concerts featuring G-DRAGON across Asia and launching the inaugural TMElive International Music Awards, which showcased 22 artists. These developments underscore TME’s effective strategy in diversifying revenue streams through premium subscriptions and high-profile live entertainment events, strengthening its market position in the digital music industry.
TechNode