Non-member music-related service revenue increased by nearly 30%, with Tencent Music's total revenue for Q1 2026 reaching 79.0 billion yuan.

On May 12, 2026, Tencent Music Entertainment Group (hereinafter referred to as "Tencent Music"), China's leading online music and audio entertainment platform (NYSE stock code: TME and HKEX stock code: 1698), announced its unaudited financial performance for the first quarter ended March 31, 2026. In the first quarter of 2026, Tencent Music Entertainment Group's performance maintained steady growth. Tencent Music's total revenue for the first quarter was 7.9 billion yuan, a year-on-year increase of 7.3%; adjusted net profit was 2.33 billion yuan, a year-on-year increase of 4.8%; adjusted EBITDA was 2.83 billion yuan, a year-on-year increase of 10.5%. Revenue from music-related services showed diversified growth, with a 12.2% year-on-year increase to 6.51 billion yuan in this quarter. Among them, revenue from music-related membership services reached 4.57 billion yuan, a year-on-year increase of 6.6%; revenue from non-member music-related services showed particularly strong growth, increasing by 28.0% to 1.94 billion yuan year-on-year. Adhering to the "one body and two wings" strategy of content and platform, Tencent Music is committed to deepening the music ecosystem in all aspects, creating a differentiated one-stop music service platform, and continuously helping to release the value of high-quality music IP. On the content side, Tencent Music strengthens its content ecosystem advantages, consolidates its timeless music library, creates more popular original content, and continues to make efforts in offline performances, music peripherals, artist collaborations, etc.; on the platform side, it consolidates user base through diversified operation methods, provides multi-level membership services, to better provide differentiated music experiences for different user groups with music needs. Looking to the future, Tencent Music will continue to create long-term value, transform the value of music IP into innovative development power, and expand new space for the thriving development of the industry hand in hand with industry partners.