Why is Tencent Music Entertainment stock tumbling today?
Tencent Music Entertainment Group shares fell 13.6% to HK$33.32 after its Q2 2026 results. The company reported revenue of RMB 8.93B vs RMB 8.79B expected, but diluted EPS of RMB 1.57 missed RMB 1.62. Social entertainment revenue declined 16.4% YoY, operating expenses rose 12%, and gross margin slipped to 44.2% from 44.4%, with Ximalaya integration adding RMB 407M revenue.





