Tencent Music reports Q1 2026 revenue up 7.3% as non-membership music services rise 28%
- Published
- Source
- TechNode.com
Tencent Music Entertainment Group announced its unaudited financial results for the first quarter of 2026, revealing a revenue of RMB 7.90 billion (approximately $1.15 billion), marking a 7.3% increase compared to the same period last year. The company reported a non-IFRS net profit attributable to equity holders of RMB 2.27 billion ($330 million), reflecting a 7.0% rise. The growth in revenue was largely driven by the music-related services sector, which saw a 12.2% increase to RMB 6.51 billion ($944 million). Within this segment, membership services contributed significantly, generating RMB 4.57 billion, a 6.6% increase year-over-year. This positive financial performance underscores Tencent Music's continued expansion and resilience in the competitive digital music landscape.
Original report
Tencent Music reports Q1 2026 revenue up 7.3% as non-membership music services rise 28%
TechNode.com · TechNode FeedThis briefing is an independently written summary based on publicly available reporting and is provided for industry information and news discovery. The original report and source publication are credited and linked where applicable. RobotToday does not claim ownership of third-party source material.
Rights concerns? Contact [email protected] with the relevant URL and details. We will review the matter and take appropriate action where warranted.
More related news
- 1
- 2
- 3
-
4
RobotToday Weekly October 12 – 16, 2026 RobotToday · 5 days ago
- 5
- 6
- 7
-
8
ROBOTTODAY WEEKLY BRIEFING August 24 – 28, 2026 RobotToday · 1 month ago
- 9
- 10
- 11
- 12
Robotics needs a service framework.
RSF defines a common language for robot service capability, lifecycle operations, certification pathways, and service-provider networks.
Join the RobotToday community on LinkedIn
Daily robotics news, in-depth analysis, conference highlights, and discussions with professionals worldwide.
