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Tencent Music Entertainment Group Class A (HK:1698)
:1698
Hong Kong Market
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Tencent Music Entertainment Group Class A (1698) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Mar 23, 2026
After Close (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
0.84
Last Year’s EPS
0.68
Same Quarter Last Year
Based on 20 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 12, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial growth driven by music subscriptions and successful international concerts. However, challenges in social entertainment and lower margins in new areas suggest potential hurdles. Overall, the positive aspects outweigh the negatives.
Company Guidance
During Tencent Music Entertainment Group's third-quarter 2025 earnings call, the company reported strong financial results, highlighting a 21% year-over-year revenue growth to RMB 8.5 billion, marking the highest growth since Q1 2021. Online music revenues increased by 27% to RMB 7 billion, with music subscription revenues rising by 70% to RMB 4.5 billion due to growth in monthly ARPPU and subscriber base. The company also noted a triple-digit year-over-year growth in offline performances and artist-related merchandise sales. Gross margin for Q3 2025 was 43.5%, up 0.9 percentage points from the previous year. The call emphasized the importance of non-IFRS measures and detailed the company's dual engine strategy focusing on platform and content ecosystem enhancement. Looking ahead, Tencent Music aims to continue strong growth in subscription services and explore new opportunities in non-subscription revenues, despite expected fluctuations in gross margin due to revenue mix changes.
Strong Financial Performance
Total revenues grew 21% year-on-year to RMB 8.5 billion, marking the highest revenue growth since Q1 2021. Online music revenues grew over 27% year-on-year to RMB 7 billion.
Growth in Music Subscriptions
Music subscription revenues grew 70% year-on-year to RMB 4.5 billion, driven by growth in monthly ARPPU and subscriber base. Monthly ARPPU reached RMB 11.9 compared to RMB 10.8 last year.
Expansion in Live Concerts
Hosted 14 additional shows for G-Dragon across 6 cities, drawing over 150,000 attendees. Concert tours and events contributed to a triple-digit year-on-year revenue growth in offline performances.
Innovative Partnerships and Content Expansion
Partnered with Tencent Games for game-related music, Blizzard Entertainment for soundtracks, and expanded anime and K-pop offerings with Japanese and Korean labels.

Tencent Music Entertainment Group Class A (HK:1698) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

HK:1698 Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Mar 23, 2026
2025 (Q4)
0.84 / -
0.678
Nov 12, 2025
2025 (Q3)
0.80 / 0.75
0.54338.67% (+0.21)
Aug 12, 2025
2025 (Q2)
0.77 / 0.85
0.58145.61% (+0.27)
May 13, 2025
2025 (Q1)
0.68 / 1.50
0.491205.30% (+1.01)
Mar 18, 2025
2024 (Q4)
0.65 / 0.68
0.45150.33% (+0.23)
Nov 12, 2024
2024 (Q3)
0.61 / 0.54
0.39637.12% (+0.15)
Aug 13, 2024
2024 (Q2)
0.59 / 0.58
0.4432.05% (+0.14)
May 13, 2024
2024 (Q1)
0.50 / 0.49
0.41119.46% (+0.08)
Mar 19, 2024
2023 (Q4)
0.49 / 0.45
0.4119.73% (+0.04)
Nov 14, 2023
2023 (Q3)
0.42 / 0.40
0.3677.90% (+0.03)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

HK:1698 Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 12, 2025
HK$83.65HK$84.65+1.20%
Aug 12, 2025
HK$86.85HK$88.30+1.67%
May 13, 2025
HK$57.00HK$54.50-4.39%
Mar 18, 2025
HK$47.10HK$50.46+7.13%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Tencent Music Entertainment Group Class A (HK:1698) report earnings?
Tencent Music Entertainment Group Class A (HK:1698) is schdueled to report earning on Mar 23, 2026, After Close (Confirmed).
    What is Tencent Music Entertainment Group Class A (HK:1698) earnings time?
    Tencent Music Entertainment Group Class A (HK:1698) earnings time is at Mar 23, 2026, After Close (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is the P/E ratio of Tencent Music Entertainment Group Class A stock?
          What is HK:1698 EPS forecast?
          HK:1698 EPS forecast for the fiscal quarter 2025 (Q4) is 0.84.

            Tencent Music Entertainment Group Class A (HK:1698) Earnings News

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