Tencent Music Entertainment Group reports second-quarter 2026 total revenues of RMB8.93 billion (about $1.32 billion), a 5.8% year-over-year increase, as its integrated Ximalaya platform begins contributing to results. The company also says music-related services revenue rises to about $1.12 billion, increasing 11% year over year, with the music services arm delivering double-digit growth.
Both outlets link the quarter’s performance to expansion of Tencent Music’s content and platform offerings. Billboard highlights subscription-related gains and says the company adds roughly $60 million in revenue from a newer audiobook and podcast platform. Variety adds that Ximalaya integration marks the start of a new audio push and supports the company’s broader bottom-line contribution. Together, the coverage presents a quarter defined by growth in music services plus incremental revenue from additional audio formats, alongside the ramp-up of the Ximalaya acquisition.
