Tencent Music released an unaudited earnings report for Q4 and FY 2025 results. Q4 total revenues rose 15.9% to RMB8.64 billion, driven by growth in online music services. Q4 net profit attributable to equity holders increased 12.6% to RMB2.2 billion, while non-IFRS net profit attributable to equity holders rose 9% to RMB2.49 billion. FY total revenues rose 15.8% to RMB32.9 billion, and net profit attributable to equity holders rose 66.4% to RMB11.06 billion after a RMB2.37 billion gain on deemed disposal of an associate. The board approved an annual cash dividend of about USD368 million, or USD0.24 per ADS, and management said SVIP users surpassed 20 million by year-end.

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