Tencent Music Entertainment Group (TME) Q4 2025 Earnings Call Transcript

SA Transcripts159.01K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Tencent Music Entertainment Group (TME) Q4 2025 Earnings Call March 17, 2026 7:00 AM EDT Company Participants Millicent T. - Head of IRKar Shun Pang - Executive ChairmanLiang Zhu - CEO & DirectorMin Hu - CFO & Director Conference Call Participants Alicis a Yap - Citigroup Inc., Research DivisionThomas Chong - Jefferies LLC, Research DivisionAlex Yao - JPMorgan Chase & Co, Research Division Presentation Millicent T.Head of IR Good evening, good morning, and welcome to Tencent Music Entertainment Group's Fourth Quarter and Full Year 2025 earnings conference call. I'm Millicent T., Head of IR. We announced our financial results earlier today before the U.S. market opened. The earnings release is now available on our website and via Newswire services. During today's call, you'll hear from Mr. Cussion Pang, our Executive Chairman; and Mr. Ross Liang, our CEO, who will share an overview of our company strategies and business updates. Then Ms. Shirley Hu, our CFO, will discuss our financial results before we open the call for questions. Before we continue, I refer you to the safe harbor statement in our earnings release, which applies to this call, as we make forward-looking statements. Please note that we discuss non-IFRS measures today, which are more thoroughly explained and reconciled to the most comparable measures reported under IFRS and our earnings release and filings with the SEC. [Operator Instructions] And please be advised that today's call is being recorded. With that, I will now turn the call over to Cussion, Executive Chairman of TME.

Kar Shun PangExecutive Chairman Thank you, Millicent. Hello, everyone, and thank you for joining our call today. In 2025, we remained disciplined in executing our dual engine content and platform strategy, delivering accelerated revenue growth and sustained margin expansion. Our differentiated all-in-one music service platform has built a solid subscription growth and strong momentum