Tencent Music Entertainment Group ADR

TME: XNYS (USA)

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Tencent Music Earnings: Soda Bites but Doesn't Break; Ximalaya Deal Clears With Workable Constraints

Ivan Su

May 13, 2026

Tencent Music's first-quarter revenue growth decelerated, with membership revenue rising just 7%, down from 13% in the previous quarter, while margins remained stable. On the same day, China's State Administration for Market Regulation approved the firm's acquisition of podcast provider Ximalaya.

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Tencent Music Entertainment Group ADR

Tencent Music Earnings: Soda Bites but Doesn't Break; Ximalaya Deal Clears With Workable Constraints

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