Changes in Hong Kong stocks | Tencent Music - SW (01698) rose nearly 3%, 26Q2 adjusted net profit reached 2.78 billion yuan, and Himalaya combined to contribute an increase

The Zhitong Finance App learned that Tencent Music - SW (01698) rose nearly 3%. As of press release, it had risen 2.37% to HK$33.72, with a turnover of HK$24.371 million.

According to the news, on August 11, Tencent Music released the unaudited financial results report for the second quarter ending June 30, 2026. In the second quarter, Tencent Music's overall performance achieved steady growth. According to the data, Tencent Music's total revenue for the quarter increased 5.8% year on year to 8.93 billion yuan, and adjusted net profit increased 5.3% year on year to 2.78 billion yuan. Among them, revenue from music-related services achieved diversified growth, up 11% year on year to 7.61 billion yuan; revenue from music-related membership services was 4.79 billion yuan, up 8.1% year on year, and revenue from marketing and consumer services was 2.81 billion yuan, up 16.2% year on year.

CITIC Construction Investment believes that Tencent Music achieved steady performance growth in the second quarter. The subscription business performed steadily, the Himalayas also showed increased contributions, and the IP-related business performed well. Offline performances and artist surroundings have achieved double-digit growth, and the synergy between artist incubation, performance IP, and fan economy continues to unleash. Himalaya also marks the completion of the transformation of the company from a music platform to a “music+audio” integrated service platform. The company is using the integration of SVIP rights as an entry point to deepen content collaboration with Reading Text Group and Tencent Video. The long audio business focuses on the three major directions of classic children's stories, Internet text IP, and Tencent Video S-level series.