Tencent Music Entertainment Group Reports Significant Growth in Q1 2025

On Tuesday, Tencent Music Entertainment Group announced a remarkable achievement in the first quarter of fiscal 2025, with total revenues reaching $1 billion (7.36 billion yuan), showcasing an 8.7% increase compared to the previous year.

Financial Highlights and User Growth

The company reported a staggering 201.8% surge in net income attributable to equity holders, amounting to $591 million, with diluted earnings per share jumping 204% to $0.38. Additionally, the number of paying users grew to 122.9 million, marking an 8.3% annual increase and adding 1.9 million users from the last quarter of fiscal 2024.

Stay tuned for more updates on Tencent Music's performance and strategic moves in the coming months.