Tencent Music Entertainment Group (TME)
NYSE:TME
Earnings Data
Report Date
May 18, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.2Last Year’s EPS
0.4Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive operational and financial picture: double-digit revenue growth across both quarter and full year, margin expansion, strong net profit gains, successful scaling of SVIP membership (>20 million) and notable traction in non-subscription monetization (live events, merchandise, advertising). Management also highlighted significant AI adoption and creator platform scale. Key risks were acknowledged — short-term subscription pressure from competition, AI-driven content and copyright challenges, a very high Q4 effective tax rate, a modest decline in social entertainment revenue, and reduced quarterly disclosure of some operating metrics. On balance, the company demonstrated solid growth and profitability momentum while transparently outlining the main near-term challenges and strategic responses.Company Guidance
Revenue Growth — Q4 and Full Year 2025
Total revenues grew 15% YoY to RMB 8.6 billion in Q4 2025; full-year 2025 total revenues were RMB 32.9 billion, up 16% YoY.
Strong Online Music and Subscription Performance
Online music service revenues for 2025 were RMB 26.7 billion, up 23% YoY. Music subscription revenues: Q4 2025 RMB 4.6 billion (up 13% YoY) and full-year 2025 RMB 17.7 billion (up 16% YoY).
Rapid Growth in Non-Subscription Music Services
Revenues from music services other than subscription were RMB 2.5 billion in Q4 2025, up 41% YoY. Company noted more than doubled revenues from IP-related merchandise and fan-based consumption in 2025.
Profitability and Margin Expansion
Q4 2025 gross margin was 44.7%, up 1.1 percentage points YoY; full-year gross margin was 44.2%, up 1.9 percentage points YoY. Q4 net profit increased 10% YoY to RMB 2.3 billion; net profit attributable to equity holders up 13% YoY to RMB 2.2 billion. Non-IFRS net profit up 8% YoY in Q4 and up 22% YoY for full-year 2025.
SVIP and Membership Traction
SVIP users surpassed 20 million by year-end 2025, with ARPPU trending slightly upward and the AD-supported subscription plan showing initial traction.
Successful Live Events and Merchandise Execution
Produced large-scale events including G-DRAGON 20-concert Asia tour attracting ~260,000 fans (two Taipei Dome shows drew over 75,000 fans). Exclusive merchandise and commemorative releases achieved strong sales during tours and special events.
AI and Creator Platform Adoption
One-stop AI music production platform reported over 10 million users and more than 150,000 professional creators; company integrated AI across recommendation, content creation and commerce features to improve distribution and conversion.
Cash Position and Shareholder Returns
Combined cash, cash equivalents, term deposits and short-term investments were RMB 38.0 billion as of Dec 31, 2025 (up from RMB 36.1 billion on Sep 30, 2025). Declared dividend of USD 0.24 per ADS (~USD 368 million) for 2025.
TME Earnings History
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
TME Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 17, 2026 | $15.09 | $11.37 | -24.65% |
Nov 12, 2025 | $20.75 | $19.01 | -8.39% |
Aug 12, 2025 | $22.70 | $25.39 | +11.85% |
May 13, 2025 | $14.33 | $14.69 | +2.51% |
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 (TME) report earnings?
Tencent Music Entertainment Group (TME) is schdueled to report earning on May 18, 2026, After Close (Confirmed).
What is Tencent Music Entertainment Group (TME) earnings time?
Tencent Music Entertainment Group (TME) earnings time is at May 18, 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 TME EPS forecast?
TME EPS forecast for the fiscal quarter 2026 (Q1) is 0.2.
