Tencent Music beats quarterly revenue estimates

Tencent Music Entertainment

12/08/2025 10:07

Aug 12 (Reuters) - Tencent Music Entertainment 1698.HK, TME.N surpassed second-quarter revenue expectations on Tuesday, driven by stronger subscriber growth and rising engagement with long-form audio content such as podcasts and audiobooks.

Its revenue rose 17.9% to 8.44 billion yuan ($1.17 billion) during the period, compared with analysts' average estimate of 7.96 billion yuan, according to data compiled by LSEG.

($1 = 7.1903 Chinese yuan renminbi)

 (Reporting by Kritika Lamba in Bengaluru; Editing by Shilpi Majumdar)

 ((Kritika.Lamba@thomsonreuters.com;))