Tencent Music Entertainment Group, China’s dominant online music and audio platform, reported second-quarter 2025 revenue of $1.18 billion, up 17.9% year-over-year.

The performance was powered by growth in online music services, particularly subscriptions and new SVIP premium offerings, while social entertainment services continued to decline.

SVIP is Tencent Music’s “Super VIP” tier, a higher-priced premium membership offering perks such as enhanced audio quality, early concert ticket access, exclusive digital albums, and collectible artist merchandise.

Revenue from online music services rose 26.4% to $957 million, with music subscription revenue reaching $611 million, a 17.1% year-over-year increase. Monthly average revenue per paying user climbed to approximately $1.63, up from $1.4

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