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

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 […]