{"id":1956382,"date":"2025-08-12T18:08:23","date_gmt":"2025-08-12T18:08:23","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=1956382"},"modified":"2025-08-12T18:08:23","modified_gmt":"2025-08-12T18:08:23","slug":"tencent-music-q2-revenue-jumps-18-on-strong-subscription-growth","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/tencent-music-q2-revenue-jumps-18-on-strong-subscription-growth\/","title":{"rendered":"Tencent Music Q2 Revenue Jumps 18% on Strong Subscription Growth"},"content":{"rendered":"

<\/p>\n

\n

\n\tC<\/span>hina\u2019s top music streaming platform Tencent Music Entertainment (TME) reported its second quarter revenue rose nearly 18% to 8.44 billion RMB\u00a0($1.18 billion), driven by a whopping 26% growth in its music services division, the company said on Tuesday (Aug. 12).<\/p>\n

\n\tWhile Tencent Music\u2019s total number of monthly average users fell 3% to 551 million, the number of subscribers rose 6.3% to 124.4 million. That drove a 17% year-over-year increase in music subscriptions\u00a0revenue to a total of 4.38 billion\u00a0RMB ($611 million). Overall online music services revenue rose to\u00a06.85 billion RMB\u00a0($957 million).<\/p>\n

\n

\n

\t\t\t\t\tRelated\t\t<\/p>\n<\/h3>\n

\n
\n
\n
\n\t\t\t<\/p>\n
\n

\t\t\t\t\t\t<\/p><\/div>\n

\t\t\t<\/a>\n\t<\/div><\/div>\n<\/div><\/div>\n<\/div>\n

\n\tMonthly average revenue per paying user (ARPPU) grew to\u00a011.7\u00a0RMB ($1.63) from\u00a010.7\u00a0RMB ($1.49) in the year ago quarter, driven mainly from Tencent Music\u2019s premium audio subscription offering, called the SVIP membership program. The total number of SVIP subscribers now stands at 15 million, executives said. <\/p>\n

\n\t\u201cWe delivered high-quality growth in the second quarter, achieving solid year-over-year increases in both revenue and profitability,\u201d Tencent Music\u2019s executive chairman Cussion Pang said. \u201cWhile our music subscription business remained a core growth driver, our expanding suite of music-related services \u2014 including advertising, concerts, and artist merchandise \u2014 showed impressive momentum.\u201d<\/p>\n

\n\tTencent Music streaming company operates three music streaming services \u2014 Kugou Music, QQ Music and Kuwo Music \u2014 as well as WeSing, a karaoke app. In recent years, the company\u2019s social entertainment business has declined due to local regulations and a strategic shift to music, live entertainment, merchendase and advertising. Social entertainment services revenues in the second quarter fell by 8.5% to 1.59 billion RMB\u00a0($222 million) from a year ago.<\/p>\n

\n\tTencent Music has expanded its K-pop music offering over the past year as China has eased nearly decades-old restrictions on the import of Korean cultural content. Tencent Music launched partnerships with THEBLACKLABEL, whose powerhouse producers are behind the chart-topping soundtrack of KPop Demon Hunters<\/em><\/a>, and H MUSIC, and collaborated with\u00a0SM Entertainment around the launch of Chinese-born actor and singer NCT CHENLE\u2019s Chinese EP Lucid<\/em>.<\/p>\n

\n\tOn a conference call discussing the earnings, Pang said the company aims to build a \u201cone-stop music\u00a0destination\u201d where creators can \u201creshape\u201d their connections to fans. <\/p>\n

\n\tNet profit for shareholders rose 43% from last year to 2.41 billion\u00a0RMB ($336 million).<\/p>\n<\/div>\n

\u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n

\u2018 Some details of this article were extracted from the following source www.billboard.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s top music streaming platform Tencent Music Entertainment (TME) reported its second quarter revenue rose nearly 18% to 8.44 billion RMB\u00a0($1.18 billion), driven by a whopping 26% growth in its music services division, the company said on Tuesday (Aug. 12). While Tencent Music\u2019s total number of monthly average users fell 3% to 551 million, the […]<\/p>\n","protected":false},"author":2,"featured_media":1945977,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[26192,24379,314019,323498],"class_list":["post-1956382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-earnings","tag-international","tag-tencent-music-entertainment","tag-tme"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/08\/Revenue-Up-19-on-RIIZE-NCT-WISH-Albums.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/1956382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=1956382"}],"version-history":[{"count":0,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/1956382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/1945977"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=1956382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=1956382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=1956382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}