China’s Tencent Music Reports $1.32 Billion in Q2 Revenue as Ximalaya Integration Marks New Audio Push

By Naman Ramachandran

Naman Ramachandran

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China’s Tencent Music Entertainment Group posted total revenues of RMB8.93 billion ($1.32 billion) for the second quarter of 2026 – a 5.8% year-over-year gain – as its music services arm delivered double-digit growth and the newly integrated Ximalaya platform began contributing to the bottom line.

Music-related services revenues reached $1.12 billion, up 11% year-over-year, with membership services alone accounting for $706 million, an 8.1% increase. Ximalaya, the long-form audio platform whose acquisition closed on May 18, contributed $60 million in revenue during the quarter – its first period fully consolidated into TME’s financial statements.

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