Tencent Music: Net profit for the first quarter of 2025 increased by 201.8% year-on-year.

Tencent Music announced that its total revenue for the first quarter of 2025 was 73.6 billion yuan, an increase of 8.7% compared to the same period last year. Online music subscription revenue was 42.2 billion yuan, an increase of 16.6%, with online music paid users reaching 123 million, an increase of 8.3%. The net profit attributable to equity holders of the company was 42.9 billion yuan, an increase of 201.8% year-on-year. The net profit attributable to equity holders of the company under non-International Financial Reporting Standards was 21.2 billion yuan, an increase of 24.6%.