Music
Tencent Music Entertainment Group (TME) reported a 27.2% year-on-year rise in revenue from online music services in the third quarter of 2025, reaching RMB6.97 billion (US$979 million). Music subscription revenue grew 17.2% to RMB4.5 billion (US$632 million), driven by higher ARPPU and expansion of its SVIP membership program.
Operating profit increased 26.4% to RMB2.71 billion (US$381 million), supported by new content partnerships with Korean and Japanese labels and growing live music operations. TME also hosted 14 sold-out G-DRAGON concerts across Asia and launched the first TMElive International Music Awards featuring 22 artists. [TechNode reporting]