{"id":2151189,"date":"2025-11-12T10:21:08","date_gmt":"2025-11-12T10:21:08","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2151189"},"modified":"2025-11-12T10:21:08","modified_gmt":"2025-11-12T10:21:08","slug":"tencent-music-entertainment-reports-27-revenue-growth-in-q3","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/tencent-music-entertainment-reports-27-revenue-growth-in-q3\/","title":{"rendered":"Tencent Music Entertainment Reports 27% Revenue Growth in Q3"},"content":{"rendered":"

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\n\tTencent Music Entertainment<\/a> Group, China\u2019s dominant online music and audio platform, reported strong third-quarter financial results, with online music service revenues climbing 27.2% year-over-year to RMB6.97 billion ($979 million) for the period ended Sept. 30, according to unaudited figures released Thursday.<\/p>\n

\n\tThe Chinese music streaming giant\u2019s growth was fueled by increases across multiple revenue streams, including music subscriptions, offline performances, advertising services and artist merchandise. Music subscription revenues rose 17.2% to $632 million, primarily driven by expansion of the company\u2019s SVIP membership program.<\/p>\n

\n\tMonthly average revenue per paying user grew to $1.6 from $1.5 in the same period last year, reflecting the success of TME\u2019s premium tier offerings. The company\u2019s total operating profit increased 26.4% year-over-year to $381 million.<\/p>\n

\n\tTME expanded its music catalog through partnerships with labels in South Korea and Japan, while collaborating with game developers to broaden its content offerings. The company partnered with Tencent Games to co-produce the Honor of Kings 10th-anniversary theme song \u201cAtlas of Tomorrow,\u201d performed by JJ Lin, which generated over 600 million social media mentions within two weeks of release.<\/p>\n

\n\tThe streaming service introduced a new ad-supported membership tier that attracted free-tier listeners and increased daily usage time. Artist-driven content, including digital albums and collectible NFC cards such as Eason Chan\u2019s \u201cFear and Dreams,\u201d helped drive SVIP subscription growth.<\/p>\n

\n\tTME strengthened its position in live music during the quarter, hosting 14 sold-out G-Dragon<\/a> concerts across Sydney, Melbourne and Kuala Lumpur that drew over 150,000 attendees. The company launched the TMElive International Music Awards, featuring 22 artists and groups from China and other Asian countries, which attracted over 20,000 attendees across two days.<\/p>\n

\n\tThe company\u2019s annual TMEA 2025 event gathered 35 artists and groups, drawing over 10,000 attendees. TME also supported concert tours for artists including Fiona Sit, Tia Ray and Gai, with some performances scaling from arena-level to stadium-level venues.\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b<\/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 variety.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Tencent Music Entertainment Group, China\u2019s dominant online music and audio platform, reported strong third-quarter financial results, with online music service revenues climbing 27.2% year-over-year to RMB6.97 billion ($979 million) for the period ended Sept. 30, according to unaudited figures released Thursday. The Chinese music streaming giant\u2019s growth was fueled by increases across multiple revenue streams, […]<\/p>\n","protected":false},"author":2,"featured_media":2151190,"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":[317817,314019],"class_list":["post-2151189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-g-dragon","tag-tencent-music-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/11\/Tencent-Music-Entertainment-Reports-27-Revenue-Growth-in-Q3.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2151189","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=2151189"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2151189\/revisions"}],"predecessor-version":[{"id":2151191,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2151189\/revisions\/2151191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2151190"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2151189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2151189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2151189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}