Pre-market movement | Tencent Music rises nearly 5%, with third-quarter revenue of 8.46 billion yuan, a year-on-year increase of over 20%

LB Select
2025.11.12 09:18

Tencent Music pre-market rose nearly 5%, with third-quarter revenue of 8.46 billion yuan, a year-on-year increase of over 20%.

In terms of news:

Tencent Music announced its third-quarter performance:

Third-quarter revenue was 8.46 billion yuan, a year-on-year increase of 20.6%, compared to the estimated 8.23 billion yuan, mainly driven by strong growth in online music service revenue. Operating profit was 2.71 billion yuan, estimated at 2.68 billion yuan.

Chairman Peng Jiaxin stated:
"In the third quarter, we once again delivered a solid performance, thanks to the comprehensive performance of our online music business. The enrichment of content and the extension of services to more offline performance experiences have continuously driven stable growth in subscription revenue, while also boosting non-subscription business—especially the momentum of concerts and artist merchandise. With a solid financial foundation and excellent execution, we will continue to broaden the boundaries of music services and create greater value for the entire music industry."

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