Tencent Music Entertainment Group1698
▲ PositiveCapitalrelevance
Q2 earnings and revenue beat estimates, with strong growth in music services.
Impact on stocks 1
Communication Services
Tencent Music Entertainment GroupTencent Music Entertainment reported second-quarter 2026 non-GAAP EPADS of $0.25, beating analyst estimates by $0.01, while revenue of $1.32 billion exceeded expectations by $20 million and grew 11.9% year-over-year. Music-related services revenue reached RMB7.61 billion, or US$1.12 billion, an 11.0% increase from a year ago, and membership services revenue rose 8.1% to RMB4.79 billion, or US$706 million. The company held total cash, cash equivalents, term deposits, and short-term investments of RMB44.22 billion, equivalent to US$6.52 billion, as of June 30, 2026.
Tencent Music Entertainment GroupQ2 earnings and revenue beat estimates, with strong growth in music services.