Tencent Music reports 5.8% revenue growth in Q2 2026, driven by music services and Ximalaya acquisition.

Tencent Music Entertainment Group posted Q2 2026 revenues of RMB8.93 billion, up 5.8% year-over-year, fueled by an 11% rise in music-related services and contributions from its recent Ximalaya acquisition. Membership services revenue grew 8.1%, supported by expanding SVIP memberships and offline performance services. The company reported a net profit of RMB2.47 billion and repurchased $400 million in ADS shares, signaling confidence in long-term growth. Tencent Music continues to innovate with AI and expand its IP-driven ecosystem, aiming to deepen user engagement and diversify revenue streams.