JP Morgan Adjusts Tencent Music Entertainment Price Target and Maintains Neutral Rating

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05-15

Tencent Music Ent Is Maintained at Neutral by JP Morgan

User Discussion

08-12

Tencent Music Q2 Earnings Breakdown: Behind Revenue Growth, Core Business Remains Under Pressure

After its earnings report release, Tencent Music Entertainment (TME) shares plunged more than 12%. On the surface, the company’s second-quarter revenue and profit continued to grow. However, a closer look at the financials suggests that the underlying momentum of TME’s core businesses remains underwhelming. $Tencent Music(TME)$ In terms of revenue, TME reported total revenue of RMB 8.933 billion (approximately US$1.32 billion) in the second quarter, up 5.8% year over year. Compared with Q2 2025, revenue increased by RMB 491 million, of which approximately RMB 407 million came from the consolidation of Ximalaya. In other words, excluding the consolidation, total revenue from the company's remaining businesses grew by just RMB 84 mill

Tencent Music Q2 Earnings Breakdown: Behind Revenue Growth, Core Business Remains Under Pressure

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On the surface, the company’s second-quarter revenue and profit continued to grow. However, a closer look at the financials suggests that the underlying momentum of TME’s core businesses remains underwhelming. <a target=\"_blank\" href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a> In terms of revenue, TME reported total revenue of RMB 8.933 billion (approximately US$1.32 billion) in the second quarter, up 5.8% year over year. Compared with Q2 2025, revenue increased by RMB 491 million, of which approximately RMB 407 million came from the consolidation of Ximalaya. In other words, excluding the consolidation, total revenue from the company's remaining businesses grew by just RMB 84 mill","listText":"After its earnings report release, Tencent Music Entertainment (TME) shares plunged more than 12%. On the surface, the company’s second-quarter revenue and profit continued to grow. However, a closer look at the financials suggests that the underlying momentum of TME’s core businesses remains underwhelming. <a target=\"_blank\" href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a> In terms of revenue, TME reported total revenue of RMB 8.933 billion (approximately US$1.32 billion) in the second quarter, up 5.8% year over year. Compared with Q2 2025, revenue increased by RMB 491 million, of which approximately RMB 407 million came from the consolidation of Ximalaya. In other words, excluding the consolidation, total revenue from the company's remaining businesses grew by just RMB 84 mill","text":"After its earnings report release, Tencent Music Entertainment (TME) shares plunged more than 12%. On the surface, the company’s second-quarter revenue and profit continued to grow. However, a closer look at the financials suggests that the underlying momentum of TME’s core businesses remains underwhelming. $Tencent Music(TME)$ In terms of revenue, TME reported total revenue of RMB 8.933 billion (approximately US$1.32 billion) in the second quarter, up 5.8% year over year. Compared with Q2 2025, revenue increased by RMB 491 million, of which approximately RMB 407 million came from the consolidation of Ximalaya. In other words, excluding the consolidation, total revenue from the company's remaining businesses grew by just RMB 84 mill","images":[{"img":"https://community-static.tradeup.com/news/cc12c45f0264ca09e43bcf0cbc9b9a1e","width":"1128","height":"607"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":25,"commentSize":3,"repostSize":1,"link":"https://ttm.financial/post/596039774724120","isVote":1,"tweetType":1,"viewCount":1148,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4243426647434722","authorId":"4243426647434722","name":"Investing Leon","avatar":"https://community-static.tradeup.com/news/ce9384c23155414f0a6191dfd331ff55","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4243426647434722","idStr":"4243426647434722"},"content":"I remain bullish on Tencent Music over the long term because, in terms of content, platform ecosystem, monetization mechanisms and overall business model, it remains the strongest music-streaming platform in China.","text":"I remain bullish on Tencent Music over the long term because, in terms of content, platform ecosystem, monetization mechanisms and overall business model, it remains the strongest music-streaming platform in China.","html":"I remain bullish on Tencent Music over the long term because, in terms of content, platform ecosystem, monetization mechanisms and overall business model, it remains the strongest music-streaming platform in China."},{"author":{"id":"4243426647434722","authorId":"4243426647434722","name":"Investing Leon","avatar":"https://community-static.tradeup.com/news/ce9384c23155414f0a6191dfd331ff55","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4243426647434722","idStr":"4243426647434722"},"content":"I remain bullish on Tencent Music over the long term because, in terms of content, platform ecosystem, monetization mechanisms and overall business model, it remains the strongest music-streaming platform in China.","text":"I remain bullish on Tencent Music over the long term because, in terms of content, platform ecosystem, monetization mechanisms and overall business model, it remains the strongest music-streaming platform in China.","html":"I remain bullish on Tencent Music over the long term because, in terms of content, platform ecosystem, monetization mechanisms and overall business model, it remains the strongest music-streaming platform in China."}],"imageCount":2,"langContent":"EN","totalScore":0}]}