Tencent Music posts higher 2025 profit as online music revenue expands

Tencent Music reported 2025 revenue of RMB 32.9 billion, up 15.8% year over year.

Net profit rose 66.4% to RMB 11.06 billion, showing sharply improved profitability.

Online music revenue grew 22.9% to RMB 26.73 billion, supported by 16% subscription growth and a 39.2% jump in non-subscription revenue.

Paying users reached 127.4 million, and the company declared an annual cash dividend of about $368 million.