NYSE:TMEEntertainment
Why Tencent Music (TME) Is Down 11.2% After Q2 Miss And Slowing Membership Momentum – And What's Next
In the second quarter of 2026, Tencent Music Entertainment Group reported revenue of CNY 8,933 million and net income of CNY 2,471 million, while also completing a CNY-equivalent US$400 million repurchase of 43,500,000 shares under its previously announced buyback program.
Despite revenue growth, the quarterly results fell short of analyst profit expectations and revealed slowing music membership momentum, raising fresh questions about the earnings impact of the Ximalaya acquisition and the...