Tencent Music Q2 2026 revenue climbs 6% to RMB 8.93bn, reversing 2024's four-quarter decline

Tencent Music Entertainment Group reported Q2 2026 revenue of RMB 8.93 billion ($1.32 billion), up nearly 6% year over year, per Billboard. Music subscription revenue grew 8.1% to RMB 4.79 billion ($706 million). The quarter reverses a 2024 slump when revenue fell four straight quarters, including a 1.7% Q2 drop to RMB 7.16 billion ($999 million). The newly completed $2.4 billion Ximalaya acquisition contributed RMB 407 million ($60 million).