Tencent Music Entertainment Group1698
▲ PositiveCapitalrelevance
Revenue and profit growth reported, with strong cash position.
Impact on stocks 1
Communication Services
Tencent Music Entertainment GroupTencent Music Entertainment Group reported a 7.3% year-over-year increase in total revenues to RMB7.90 billion for the first quarter of 2026. Music-related services revenue grew 12.2%, driven by a 6.6% rise in membership revenue and a 28.0% surge in non-membership music service revenue. Adjusted EBITDA reached RMB2.83 billion, up 10.5%, while non-IFRS net profit came in at RMB2.27 billion. The company ended the quarter with RMB41.00 billion in total cash, cash equivalents, and short-term investments, supporting continued investment in intellectual property and AI-driven content tools.
Tencent Music Entertainment GroupRevenue and profit growth reported, with strong cash position.