US Stock Market Move | Net profit increased by 33% after Q2 adjustment, Tencent Music Entertainment Group Sponsored ADR Class A (TME.US) surged over 13%.

On Tuesday, Tencent Music Entertainment Group Sponsored ADR Class A (TME.US) soared more than 13%, reaching a four-year high of $25.73. On the news front, the company released its unaudited financial performance report for the second quarter ending June 30, 2025. The report showed that Tencent Music Entertainment Group Sponsored ADR Class A's overall performance in the second quarter saw solid growth, with total revenue increasing by 17.9% year-on-year to 84.4 billion yuan, and adjusted net profit increasing by 33.0% year-on-year to 26.4 billion yuan. Among them, the online music business continued to grow at a high quality, with online music service revenue increasing by 26.4% year-on-year to 68.5 billion yuan, online music subscription revenue increasing by 17.1% year-on-year to 43.8 billion yuan, the number of online music paying users increasing by 6.3% year-on-year to 124 million, and ARPPU further increasing to 11.7 yuan.