Tencent Music's Q1 Revenue Surges 9% to $1.01 Billion, Trading Volume Drops to 480th Rank

On May 15, 2025, Tencent's trading volume was 1.98 billion, a 45.13% decrease from the previous day, ranking 480th in the day's stock market. Tencent Music Entertainment (TME) fell by 3.71%.

Tencent Music Entertainment Group reported strong financial results for the first quarter of 2025. The company's revenue reached CN¥7.36 billion, an 8.7% increase from the same period last year. Net income surged by 202% to CN¥4.29 billion, and the profit margin improved significantly to 58%, up from 21% in the first quarter of 2024.

Tencent Music's Q1 revenue stood at $1.01 billion, reflecting strong growth and solid profits. The company's strategic acquisition of Ximalaya for $2.4 billion is expected to further enhance its market position and drive future growth.

Investor sentiment was boosted by Tencent Music's strong earnings performance, which included a year-on-year revenue growth of 9% in the first quarter, reaching 7.4 billion. This positive outlook has contributed to market confidence in the company's future prospects.