Tencent Music-SW(01698) showed impressive performance in the first quarter, with a net profit attributable to equity holders of 4.29 billion yuan, a year-on-year increase of 201.8%.

Wisdom Finance APP News, Tencent Music-SW (01698) announced its financial performance for the first quarter of 2025, with total revenue of RMB 73.6 billion (USD 10.1 billion), an increase of 8.7% year-on-year. The net profit attributable to equity holders of the company was RMB 42.9 billion (USD 5.91 billion), an increase of 201.8% year-on-year. Under non-International Financial Reporting Standards, the net profit attributable to equity holders of the company was RMB 21.2 billion (USD 2.93 billion), an increase of 24.6% year-on-year. Diluted earnings per ADS were RMB 2.77, as of March 31, 2025, the total balance of cash, cash equivalents, time deposits, and short-term investments was RMB 376.7 billion (USD 51.9 billion).