US stocks are moving | Net profit increased by 33% after Q2 adjustment Tencent Music (TME.US) surged over 13%

According to the IPOEconomic APP, on Tuesday, Tencent Music (TME.US) surged over 13%, reaching a four-year high of $25.73. In terms of news, the company released its unaudited financial performance report for the second quarter ending June 30, 2025. The financial report shows that Tencent Music's overall performance in the second quarter solidly grew, with total revenue increasing by 17.9% year-on-year to 84.4 billion RMB, and adjusted net profit increasing by 33.0% year-on-year to 26.4 billion RMB. Among them, the online music business continued to grow with high quality, with online music service revenue increasing by 26.4% year-on-year to 68.5 billion RMB, online music subscription revenue increasing by 17.1% year-on-year to 43.8 billion RMB, online music paying users increasing by 6.3% year-on-year to 124 million, and ARPPU further increasing to 11.7 RMB.