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: Selloff Overshoots Ximalaya Costs and Near-Term Subscriber Softness

Ivan Su

Aug 12, 2026

Tencent Music's second-quarter organic revenue grew about 1%, with net profit up 4%. Despite the in-line results, shares fell 12% after the company lowered second-half margin guidance due to lower profitability at recently acquired Ximalaya, which had not been disclosed at the time of acquisition.

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Tencent Music Entertainment Group ADR

Tencent Music Earnings: Selloff Overshoots Ximalaya Costs and Near-Term Subscriber Softness

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