Tencent Music Reports Strong Q2 Revenue Driven by Subscriptions and Ximalaya Acquisition
Tencent Music reported Q2 revenue topping $1.3 billion, driven by strong subscription growth and the integration of Ximalaya, marking a new push into audio. Despite beating revenue estimates, shares slid after the results.
Source Diversity
Source Diversity
Moderate (37/100)Sources
China’s Tencent Music Reports $1.32 Billion in Q2 Revenue as Ximalaya Integration Marks New Audio Push
China’s Tencent Music Entertainment Group posted total revenues of RMB8.93 billion ($1.32 billion) for the second quarter of 2026 – a 5.8% year-over-year gain – as its music services arm delivered double-digit growth and the newly integrated Ximalaya platform began contributing to the bottom line. Music-related services revenues reached $1.12 billion, up 11% year-over-year, with […]
By Naman Ramachandran
Read full article →Tencent Music’s Q2 Revenue Tops $1.3 Billion on Subscription Growth, Ximalaya Acquisition
China's leading streaming platform reported double-digit revenue growth from music services, as it welcomed an additional $60 million in revenue from its new audiobook and podcast platform.
By Elizabeth Dilts Marshall
Read full article →Coverage Timeline
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