Tencent Music Entertainment Group (TME) reported its first-quarter 2025 earnings with revenues reaching RMB 7.36 billion (approximately US$1.01 billion), marking an 8.7% year-over-year increase. The company's earnings per share (EPS) stood at $0.19, in line with estimates. Growth was primarily driven by a 16% year-over-year rise in online music revenues to RMB 5.8 billion, supported by an increase in subscribers. However, this growth was partially offset by a decline in revenues from social entertainment services. Tencent Music highlighted strong profitability and expressed an optimistic outlook for sustainable expansion throughout 2025. The company also reported a profit surge of 201% in the quarter.
Tencent Music Reports $1 Billion in Q1 Revenue as Profit Surges 201% https://t.co/YvUdLSPJ4Y
Tencent Music's quarterly revenue jumps amid growth in subscribers https://t.co/Z0ULeXOTwy https://t.co/LPObgDcI0G
Key Takeaways from $TME's Earnings Call - TME delivered strong Q1 2025 performance with revenues reaching RMB 7.4 billion, representing 9% year-over-year growth. - Online music revenues increased by 16% year-over-year to RMB 5.8 billion, driven by strong growth in music https://t.co/xBNCiJP8ui