腾讯音乐：2025年第四季度总收入86.4亿元，同比增长15.9%，调整后净利润25.8亿元，同比增长7.6%；全年总收入329.0亿元，同比增长15.8%，调整后净利润99.2亿元，同比增长22.0%。
全年在线音乐订阅收入同比增长16.0%至176.6亿元，全年在线音乐非订阅收入同比增长39.2%至90.7亿元。
与此同时，腾讯音乐宣布将派发约3.68亿美元（约合人民币25.76亿元）的年度现金股息。
尽管整体收入及调整后净利润实现增长，但关键业务指标出现疲软信号。其中，在线音乐服务收入增速较上一季度有所放缓，月活跃用户数同比下滑5%，社交娱乐服务收入同比下滑5.2%。此外，公司宣布将停止按季披露月活跃用户、付费用户等关键运营指标，引发了市场对其未来业务透明度的担忧。
腾讯音乐周二盘中大跌超20%。
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