Tencent Music (TME) shares fell after mixed Q2 2026 earnings. Revenue reached $1.32B as EPS beat expectations. Read full breakdown.
Revenue rose 5.8% year over year to $1.32 billion, driven mainly by strong growth in music-related services. The result fell short of the $1.35 billion analyst estimate.
Adjusted earnings came in at 25 cents per share, or 1.70 Chinese yuan, beating analyst expectations of 23 cents per share.
Tencent Music Profit Rises, Margin Narrows
Gross margin edged down to 44.2% from 44.4% a year earlier.
Adjusted net profit increased 4.4% year over year to $396 million.
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