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Tencent Music Sees Soaring Revenues and Expanding Partnerships in Q3 2025
12 Nov
Summary
- Tencent Music's online music service revenues climbed 27.2% year-over-year
- Music subscription revenues rose 17.2% to $632 million
- Company hosted 14 sold-out G-Dragon concerts and launched new awards show
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.
