2024年第四季度及全年，腾讯音乐娱乐集团整体业绩稳中有进。公司第四季度总收入为74.6亿元，同比增长8.2%，调整后净利润24.0亿元，同比增长43.0%；全年总收入为284.0亿元，同比增长2.3%，调整后净利润81.4亿元，同比增长30.7%。The number of paid users for online music reached 0.121 billion in the fourth quarter.
On March 18, 2025, $Tencent Music (TME.US)$ Today announces its unaudited financial performance for the fourth quarter and the whole year ending December 31, 2024.
After the Earnings Reports were released, Tencent Music's U.S. stock surged at the beginning of trading, now up nearly 13%, with a stock price of 14.76 dollars.
In the fourth quarter and the whole year of 2024, Tencent Music Entertainment Group's overall performance showed steady progress. The company's total revenue in the fourth quarter reached 7.46 billion yuan, an increase of 8.2% year-on-year, with adjusted Net income of 2.4 billion yuan, a year-on-year growth of 43.0%; total revenue for the year was 28.4 billion yuan, up 2.3% year-on-year, with adjusted Net income of 8.14 billion yuan, an increase of 30.7% year-on-year.
As the core driver of the company's high-quality development, the online music Business continues to grow: annual online music subscription revenue increased by 25.9% year-on-year to 15.23 billion yuan, and the number of paying online music users in the fourth quarter grew by 13.4% year-on-year to 0.121 billion, with average revenue per paying user (ARPPU) further increasing to 11.1 yuan.
Based on strong confidence in future development, the company announced an annual cash dividend of approximately 0.273 billion USD (approximately 1.993 billion yuan) and launched a new share repurchase plan, with a maximum amount of up to 1 billion USD (approximately 7.3 billion yuan).
The company has consistently adhered to the "one body, two wings" strategy of deepening content and platform, driving high-quality growth in performance. In 2024, the company further enriched its content ecosystem, solidified the supply of leading music content, and continued to focus on content production and co-creation, offering more diverse content to meet users' different musical preferences; platform and product functions continued to innovate, providing users with a more personalized music experience powered by cutting-edge technologies such as AI, further increasing user engagement on the platform. In the increasingly vibrant music industry, the company continuously explores and innovates along the music industry chain, working with industry partners to support the sustainable and healthy development of the industry.
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