Symbols

TME

Tencent Music·NYSE

--(--)

TME fundamentals

TME Q4 2025 Earnings

Tencent Music (TME) released its earnings on Mar 17, 2026: revenue was 1.23B (YoY +20.89%), beat estimates; EPS was 0.2015 (YoY +16.74%), missed estimates.

Revenue / YoY

1.23B

+20.89%

EPS / YoY

0.2015

+16.74%

Report date

Mar 17, 2026

TME Earnings Call Summary for Q4,2025

Revenue Growth: Q4 2025 total revenue up 15% YoY to RMB 8.6B, driven by 13% YoY subscription growth and 41% YoY non-subscription expansion.
SVIP Expansion: SVIP users exceed 20M, with ARPPU rising and new AD-supported plan gaining traction.
AI Integration: TME investing in AI tools for music creation (10M+ users on AI platform) and fan engagement (e.g., Yuanbao agent for ticketing).
Live Events Success: G-Dragon's 260K-attendee tour and 200% YoY growth in artist merchandise sales highlight non-subscription monetization.
Financial Health: Gross margin improved to 44.7% (up 1.1ppt YoY), with operating expenses declining as a percentage of revenue.

Earnings

EPS

Revenue

Revenue & Expenses

TME has released its 2025 Q4 earnings report, with revenue of 1.24B, reflecting a YoY change of 20.94%, and net profit of 326.89M, showing a YoY change of 14.94%. The Sankey diagram below clearly presents TME's revenue sources and cost distribution.

Key Indicators

Tencent Music (TME) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Tencent Music (TME)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

Trend

Breakdown

Balance Sheet

Tencent Music (TME)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

Trend

Breakdown

Cash Flow

Tencent Music (TME)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

Trend

Breakdown