Tencent Music Leisure Group (NYSE: TME), a number one music streaming platform in China, on Tuesday reported monetary outcomes for the second quarter of fiscal 2025.
- Second-quarter revenues elevated 17.9% year-over-year to RMB8.44 billion, primarily attributable to robust progress in revenues from on-line music providers
- Revenues from on-line music providers have been RMB6.85 billion, up 26.4% year-over-year; revenues from music subscriptions rose 17.1% to RMB4.38 billion
- Internet earnings attributable to fairness holders was RMB2.41 billion in Q2, representing a 43.2% year-over-year progress
- Earnings per ADS have been RMB1.55 throughout the three months, in comparison with RMB1.07 within the prior-year quarter
- Month-to-month ARPPU grew to RMB11.7 in Q2 from RMB10.7 in the identical interval of fiscal 2024
- As of June 30, 2025, whole money, money equivalents, time period deposits, and short-term investments have been RMB34.92 billion
