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Tencent Music Entertainment Group

TMENYSE

Built from Tencent Music Entertainment Group's own SEC filings · updates as new filings land · sources cited throughout

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← Research LibraryThe BriefFigures through H1 FY2026 (half year ended 30 Jun 2026) · analysis from the FY2025 annual report · headline figures audited against SEC data

Revenue rose 15.8% to CNY 32.90B on music subscriptions and offline performances, and net income rose 66.4% to CNY 11.06B, helped by RMB2.6 billion of other gains.

The read at a glance✓ Audited against SEC data
  • Growth — Revenue +15.8% to CNY 32.90B; growth acceleratingOK
  • Profitability — Operating margin 40.6%, up 995 bps; includes other gainsOK
  • Cash — Free cash flow CNY 9.93B, -0.3%Note
  • Accounting — Distress-safeOK
  • Capital — Dividends +30.9% to CNY 1.97BOK
  • Deal — Agreed to acquire Ximalaya in June 2025Note

Insiders, last 12 months: 0 open-market purchases, 0 sales. Computed from the filings; the analysis is from the FY2025 annual report.

Business

Tencent Music Entertainment runs the QQ Music, Kugou Music and Kuwo Music services in China and related social entertainment, through PRC subsidiaries and variable interest entities. Online music services, led by paid subscriptions, are the larger part of revenue. Tencent Holdings is its controlling shareholder. It reports in CNY.

Latest filings

  • 6-K · Company announcement (foreign filer)2026-10-13
  • 6-K · Company announcement (foreign filer)2026-09-11
  • 6-K · Company announcement (foreign filer)2026-09-11
  • 6-K · Company announcement (foreign filer)2026-09-04
  • 6-K · Company announcement (foreign filer)2026-09-03
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Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.

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