Stock Track | Tencent Music Soars 5.01% in Pre-Market After Q1 Earnings and Revenue Beat Estimates

Stock Track

May 12

Tencent Music Entertainment Group's stock surged 5.01% in pre-market trading following the release of its first-quarter 2026 financial results.

The company reported non-IFRS earnings of RMB 1.46 per diluted American depositary share, up from RMB 1.37 a year earlier and exceeding the FactSet consensus estimate of RMB 1.43. Revenue for the quarter reached RMB 7.9 billion, representing a 7.3% year-over-year increase and also topping analyst expectations.

Strong growth in music-related services, particularly non-membership services which jumped 28%, along with improved adjusted EBITDA and continued expansion of premium content and membership offerings, fueled investor confidence and drove the share price higher ahead of the market open.

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Revenue for the quarter reached RMB 7.9 billion, representing a 7.3% year-over-year increase and also topping analyst expectations.</p><p>Strong growth in music-related services, particularly non-membership services which jumped 28%, along with improved adjusted EBITDA and continued expansion of premium content and membership offerings, fueled investor confidence and drove the share price higher ahead of the market open.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TME","symbol_name":"腾讯音乐","start_time":0,"source_url":"","article_id":"1189434907","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1189434907","pubTimestamp":1778578665,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Tencent Music Entertainment Group's stock surged 5.01% in pre-market trading following the release of its first-quarter 2026 financial results.The company reported non-IFRS earnings of RMB 1.46 per...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TME":"腾讯音乐"},"translate_title":"个股追踪|Q1财报营收超预期腾讯控股音乐盘前大涨5.01%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TME":1},"content_text":"Tencent Music Entertainment Group's stock surged 5.01% in pre-market trading following the release of its first-quarter 2026 financial results.The company reported non-IFRS earnings of RMB 1.46 per diluted American depositary share, up from RMB 1.37 a year earlier and exceeding the FactSet consensus estimate of RMB 1.43. 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