Tencent Music FY26 H1 profit attributable to shareholders drops 31.91% to RMB 4.56 billion; revenue rises 6.52% to RMB 16.83 billion
TME•Segment performance and Ximalaya acquisition
Music related services revenue rose 11.54% to RMB 14.12 billion, offset by a 13.73% decline in social entertainment services and others to RMB 2.71 billion.
Tencent Music said it completed the acquisition of Ximalaya on May 18, 2026, with total purchase consideration of about RMB 14 billion.
First-half revenue rises while profit declines
Tencent Music Entertainment posted revenue of RMB 16.83 billion, up 6.52% from a year earlier.
Profit attributable to equity holders fell 31.91% to RMB 4.56 billion, with basic EPS at RMB 1.47 per share.
Operating profit dropped 27.27% to RMB 5.68 billion, while other gains, net slid 91.52% to RMB 218 million.
