Tencent Music Sees Soaring Revenues and Expanding Partnerships in Q3 2025

In the third quarter of 2025, Tencent Music Entertainment Group, China's dominant online music and audio platform, reported impressive financial results. The company's online music service revenues climbed 27.2% year-over-year to RMB6.97 billion ($979 million) for the period ended September 30th.

Tencent Music's growth was fueled by increases across multiple revenue streams, including music subscriptions, offline performances, advertising services, and artist merchandise. Music subscription revenues rose 17.2% to $632 million, primarily driven by the expansion of the company's SVIP membership program. The company's total operating profit also increased by 26.4% year-over-year to $381 million.

Tencent Music continued to strengthen its position in the music streaming market through strategic partnerships and new content offerings. The company expanded its music catalog by collaborating with labels in South Korea and Japan, while also working with game developers to broaden its content. Additionally, Tencent Music hosted 14 sold-out G-Dragon concerts across Sydney, Melbourne, and Kuala Lumpur, drawing over 150,000 attendees. The company also launched the TMElive International Music Awards, featuring 22 artists and groups from China and other Asian countries, which attracted over 20,000 attendees across two days.