Tencent Music reports 7.3% revenue growth in Q1 2026, driven by music services and membership expansion.

Tencent Music Entertainment Group posted a 7.3% year-over-year revenue increase to RMB7.90 billion (US$1.15 billion) in Q1 2026, led by a 12.2% rise in music-related services revenue. Membership services grew 6.6%, supported by expanded SVIP privileges and new fan club offerings. Despite a net profit decline due to a prior year gain, adjusted EBITDA rose 10.5%, reflecting solid operational growth. Tencent Music continues investing in premium content, AI-driven creation, and diversified monetization to strengthen its market position and user engagement.