NYSE$TME
Tencent Music Entertainment Group-ADR · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Tencent Music Entertainment Group reported unaudited financial results for the second quarter ended June 30, 2026, with total revenues of RMB 8.93 billion.
TME achieved total revenues of RMB 8.93 billion, up 5.8% year-over-year, driven by 11.0% growth in music-related services to RMB 7.61 billion. IFRS net profit attributable to equity holders reached RMB 2.47 billion, with diluted EPS per ADS at RMB 1.57. Non-IFRS adjusted EBITDA grew 5.2% to RMB 3.25 billion, and the company repurchased 43.5 million ADSs for approximately US$400 million.
- Total revenues RMB 8.93 billion (+5.8% YoY), with music-related services up 11.0% to RMB 7.61 billion including Ximalaya contribution of RMB 407 million.
- IFRS net profit attributable to equity holders RMB 2.47 billion (+2.5% YoY); diluted EPS per ADS RMB 1.57 (US$0.23).
- Non-IFRS net profit attributable to equity holders RMB 2.69 billion (+4.4% YoY); non-IFRS diluted EPS per ADS RMB 1.70 (US$0.25).
- Cash, cash equivalents, term deposits and short-term investments RMB 44.22 billion as of June 30, 2026; gross margin 44.2%.
Headline financials
Revenue & EPS history
Tencent Music · Revenue · Quarterly
¥1.32B
Revenue by segment
Tencent Music · ¥28.2B total across 7 segments · Q2 2026
- Music related services¥7.61B—27.0%
- Online music services¥7.61B+11.1%27.0%
- Music related services¥7.61B—27.0%
- Social entertainment services and others¥1.33B—4.7%
- Social entertainment services and others¥1.33B-16.4%4.7%
- Social entertainment services and others¥1.33B—4.7%
- Social entertainment services and others¥1.33B—4.7%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
-0.4%
Avg return
Earnings day
-1.6%
Avg return
5 days after
+2.9%
Avg return
30 days after
55%
16 / 29 earnings
Positive
+18.4%
Q3 2022
Best reaction
-22.0%
Q4 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q4 2026 | -22.0% | -3.7% | -4.5% | |
| Q3 2025 | -8.3% | -8.9% | -12.2% | |
| Q2 2025 | +11.9% | +12.6% | +12.9% | |
| Q1 2025 | +2.6% | +16.0% | +31.3% | |
| Q4 2024 | +15.5% | +7.2% | -5.9% | |
| Q3 2024 | -7.6% | -4.2% | +4.5% | |
| Q2 2024 | -15.2% | -19.8% | -25.7% | |
| Q1 2024 | +9.9% | +15.6% | +7.5% | |
| Q4 2023 | +12.6% | +5.5% | +11.6% | |
| Q3 2023 | +11.0% | +12.7% | +21.4% | |
| Q2 2023 | +4.1% | +6.2% | +2.8% | |
| Q1 2023 | +4.4% | -1.9% | +4.6% | |
| Q4 2022 | -8.7% | -2.5% | +0.6% | |
| Q3 2022 | +18.4% | +25.4% | +72.4% | |
| Q2 2022 | +8.6% | -8.1% | +40.9% | |
| Q1 2022 | -0.2% | -0.7% | +10.7% | |
| Q4 2021 | +0.8% | -2.0% | -14.2% | |
| Q3 2021 | +1.9% | +13.5% | -11.8% | |
| Q2 2021 | -20.2% | -23.9% | -18.6% | |
| Q1 2021 | -2.4% | -0.5% | +0.9% | |
| Q4 2020 | +4.5% | -33.9% | -40.6% | |
| Q3 2020 | +1.3% | +9.1% | +23.1% | |
| Q2 2020 | -3.2% | -10.1% | +2.1% | |
| Q1 2020 | +5.3% | +8.4% | +13.4% | |
| Q4 2019 | -7.9% | -16.7% | -5.0% | |
| Q3 2019 | -5.6% | -9.4% | -13.8% | |
| Q2 2019 | +0.6% | -3.3% | -5.3% | |
| Q1 2019 | -9.5% | -16.5% | -15.1% | |
| Q4 2018 | -12.8% | -11.1% | -4.7% | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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