Tencent Music Q1 Revenue +7.3%, EPS Miss

Tencent Music reported Q1 2026 revenue of RMB7.9 bn, up 7.3% YoY and meeting estimates.
Adjusted EPS fell to RMB1.34 ($0.19) versus consensus RMB1.43, leading to an earnings miss.
Music services revenue rose 12.2% YoY to RMB6.51 bn, while social entertainment fell 11% to RMB1.38 bn.
Shares gained 3.16% pre‑market; cash holdings stood at RMB41 bn and gross margin improved to 44.9%.