Tencent Music's total revenue for the second quarter was 8.93 billion yuan, up 5.8% year on year; adjusted net profit was 2.78 billion yuan, up 5.3% year on year; adjusted EBITDA was 3.25 billion yuan, up 5.2% year on year. Revenue from music-related services increased 11% year over year to 7.61 billion yuan. Among them, revenue from music-related membership services reached 4.79 billion yuan, up 8.1% year on year; revenue from marketing and consumer services increased 16.2% year over year to 2.81 billion yuan. In the second quarter, Tencent Music stepped up its repurchase efforts, repurchasing a total of 43.5 million ADS shares with approximately US$400 million in cash.

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