Tencent Music Entertainment Group announced its financial results for 2025, revealing a revenue of RMB 32.9 billion ($4.71 billion), marking a 15.8% increase compared to the previous year. The company's net profit attributable to equity holders surged by 66.4% to reach RMB 11.06 billion ($1.58 billion). Additionally, the non-IFRS net profit saw a 25% rise, amounting to RMB 9.59 billion ($1.37 billion). A significant contributor to this growth was the revenue from online music services, which climbed by 22.9% to RMB 26.73 billion. This robust performance highlights Tencent Music's successful strategies in expanding its online music offerings and capitalizing on the growing demand for digital music services in an increasingly competitive market.
Tencent Music posts higher 2025 profit as online music revenue expands
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