Tencent Music Q4 Revenue Jumps 15.9% to RMB8.64B, Stock Drops 24.65%
Q4 revenue rose 15.9% year-on-year to RMB8.64 billion, driven by a 21.7% surge in online music services to RMB7.10 billion and a 13.2% increase in subscriptions to RMB4.56 billion. Despite earnings per ADS increasing to RMB1.60 (non-IFRS) and RMB1.41 (IFRS), stock fell over 20% after metric disclosure changes.
1. Q4 2025 Earnings Growth
Tencent Music reported Q4 2025 total revenue of RMB8.64 billion, up 15.9% year-on-year. Online music services revenue rose 21.7% to RMB7.10 billion while music subscription income grew 13.2% to RMB4.56 billion.
2. EPS and Strategic Focus
Non-IFRS diluted earnings per ADS increased to RMB1.60, and IFRS diluted earnings per ADS rose to RMB1.41. CEO Ross Liang emphasized expanding AI-driven features and enhancing user engagement as core strategic priorities.
3. Market Reaction and Stock Metrics
Macquarie adjusted its rating to Neutral, and shares fell 24.65% after changes in user metrics disclosure. The stock traded between $11.33 and $13 with a market cap of $17.43 billion and a trading volume of 63.85 million shares.