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Tencent Music: Total revenue for the second quarter was 8.44 billion yuan, a year-on-year rise of 17.9%.
Jin10 data reported on August 12, Tencent Music (01698.HK) announced on the Hong Kong Stock Exchange that its total revenue in the second quarter was 8.44 billion yuan, a year-on-year rise of 17.9%, and the adjusted net profit was 2.64 billion yuan, a year-on-year rise of 33.0%. Among them, the revenue from online music services rose by 26.4% year-on-year to 6.85 billion yuan, the number of online music paying users increased by 6.3% year-on-year to 124.4 million, and the average monthly revenue per paying user increased from 10.7 yuan in the same period of 2024 to 11.7 yuan.