Tencent Music generated over $1bn in Q1, up 7.3% YoY – driven by growth in Super VIP-led memberships and concert revenues

China-headquartered music streaming company Tencent Music Entertainment generated total revenue of RMB 7.90 billion (USD $1.15 billion) in the first quarter of 2026, up 7.3% year-over-year. That’s according to the company’s latest earnings report, published on Tuesday (May 12), for the three months ending March 31. TME’s overall quarterly revenues were driven by a 12.2% YoY … Continued

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