Tencent Music Entertainment Group1698
▲ PositiveCapitalrelevance
Q2 revenue and EBITDA growth, with buyback and strong cash position.
Impact on stocks 1
Communication Services
Tencent Music Entertainment GroupTencent Music Entertainment Group reported second-quarter 2026 total revenue of RMB 8.9 billion, up 6% year over year, with the newly consolidated audio platform Ximalaya contributing roughly RMB 0.4 billion. Music-related services revenue climbed 11%, membership revenue rose 8% to RMB 4.8 billion, and adjusted EBITDA increased 5% to RMB 3.3 billion. Management highlighted live entertainment and artist merchandise as the fastest-growing segment, with strong double-digit growth, while gross margin slipped slightly to 44.2% from 44.4% a year earlier. The company repurchased 43.5 million shares for $400 million during the quarter and held RMB 44.2 billion in cash, deposits and short-term investments.
Tencent Music Entertainment GroupQ2 revenue and EBITDA growth, with buyback and strong cash position.