Tencent Music Entertainment Group ADR

TME: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Tencent Music Earnings: Accelerating Growth, Rising Profits; Shares Undervalued Despite Soda Noise

Ivan Su

Nov 13, 2025

Tencent Music reported another strong quarter, with revenue growth accelerating to 21% year over year in the third quarter, with by a 33% rise in recurring net profit. Management’s early 2026 commentary suggests subscription growth may moderate due to a tougher comparison base.

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Tencent Music Entertainment Group ADR

Tencent Music Earnings: Accelerating Growth, Rising Profits; Shares Undervalued Despite Soda Noise

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