Tencent Music's total revenue in the second quarter was 8.93 billion yuan, with an adjusted net profit of 2.78 billion yuan.
In the second quarter, Tencent Music's total revenue was 8.93 billion yuan, a year-on-year increase of 5.8%; adjusted net profit was 2.78 billion yuan, a year-on-year increase of 5.3%; adjusted EBITDA was 3.25 billion yuan, a year-on-year increase of 5.2%. Revenue from music-related services grew by 11% year-on-year to 7.61 billion yuan. Among them, revenue from music-related membership services reached 4.79 billion yuan, a year-on-year increase of 8.1%; revenue from marketing and consumer services increased by 16.2% year-on-year to 2.81 billion yuan. In the second quarter, Tencent Music intensified its share repurchase efforts, repurchasing a total of 43.5 million ADSs for approximately 400 million USD in cash.
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