Tencent Music reports Q2 EPS 23c

Reports Q2 revenue $1.18B. Reports Q2 monthly active users 553M. Reports Q2 paying users 124.4M. Cussion Pang, executive chairman of TME, commented, “We delivered high-quality growth in the second quarter, achieving solid year-over-year increases in both revenue and profitability. While our music subscription business remained a core growth driver, our expanding suite of music-related services-including advertising, concerts, and artist merchandise-showed impressive momentum. As we continue to scale our platform, we are focused on building a vibrant, one-stop music service destination that empowers content creators and reshapes connections with music lovers in meaningful ways.”