🔴 Tencent Music Entertainment is trading 4.2% down in pre-market despite revenue beating estimates

Tencent Music Entertainment is trading 4.2% down now at $9.48 after its second-quarter results, released before the U.S. market opened on August 11, 2026, showed revenue topping estimates.

• Revenue reached RMB8.93 billion, above the RMB8.81 billion FactSet estimate.
• Revenue increased 5.8% year over year; adjusted earnings were RMB1.70 per ADS.
• The decline follows a 3.88% gain in the prior session.