<div id="readability-page-1"><div><div>Tencent Music Entertainment TME shares rose Tuesday after the company posted second-quarter results that topped expectations.Revenue came in at $1.18 billion, up 17.9% year-over-year(Y/Y) , driven by robust growth in online music services. This strength was partly offset by lower revenue from social entertainment services and other segments. Analysts had projected $1.10 billion.China's online music and audio entertainment platform's adjusted EPADS of 23 cents (1.66 Chinese yuan) topped the analyst consensus estimate of 19 cents.Also Read: Tencent Music Moves Beyond Streaming With $1.26B Cash-And-Stock Deal For China's XimalayaRevenues from music subscriptions were $611 million, representing 17.1% Y/Y growth.Monthly active users (MAUs) for online music declined by 3.2% Y/Y to 553 million. Paying users for online music grew by 6.3% Y/Y to 124.4 million. The monthly average revenue per user (ARPPU) for online music grew by 9.3% Y/Y to 11.7 million Chinese yuan.Gross margin increased to 44.4% from 42.0%, primarily due to strong growth in revenues from music subscriptions and advertising services, and the decline in revenue sharing ratio of social entertainment services.Adjusted net profit was $369 million, up by 33% Y/Y. Total cash, equivalents, term deposits, and short-term investments as of June 30, 2025, were $4.87 billion.Executive Chairman Cussion Pang said Tencent Music achieved strong year-over-year growth in both revenue and profitability in the second quarter.He credited music subscriptions as a core growth driver and highlighted momentum across advertising, concerts, and artist merchandise.He emphasized the company's focus on scaling its platform into a vibrant, one-stop music destination that empowers creators and strengthens connections with listeners.CEO Ross Liang highlighted the surpassing of 15 million SVIP subscribers or Super VIP subscribers (a higher-priced premium membership) as a milestone reflecting user loyalty.The stock gained 100% year-to-date.Price Action: TME shares are trading higher by 4.19% to $23.65 premarket at last check Tuesday.<ul> <li>Snowflake Nears 52-Week High On AI Boom, Big Tech Spending Spree</li> </ul>Photo by Tada Images via Shutterstock</div></div></div>

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Tencent Music Entertainment (TME) reported strong second-quarter results, with revenue of $1.18 billion, up 17.9% year-over-year, exceeding analyst expectations. Adjusted EPADS was 23 cents, surpassing the consensus of 19 cents. Music subscription revenue grew 17.1% to $611 million, while paying users increased by 6.3% to 124.4 million. Despite a 3.2% decline in monthly active users, gross margin rose to 44.4%. Adjusted net profit reached $369 million, a 33% increase. TME shares rose 4.19% to $23.65 in premarket trading, reflecting a 100% gain year-to-date.

- Tencent Music Entertainment (TME) shares rose after reporting second-quarter revenue of $1.18 billion, exceeding analyst expectations of $1.10 billion.  
- The revenue growth of 17.9% year-over-year was driven by online music services, despite declines in social entertainment revenue.  
- Adjusted net profit increased by 33% year-over-year to $369 million, with a focus on music subscriptions and a growing user base contributing to the company's strong performance.  

Tencent Music Profits And Premium Sign-Ups Climb Despite Fewer Listeners