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Tencent Music Entertainment Group's ADR Plunges ~25% on Lower-than-Expected 4Q25 Gross Margin
Recommend 5 Positive 6 Negative 11 |
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TME-SW (01698.HK)(TME.US) announced a gross margin of 44.7% for 4Q25, below the market consensus of 45.1%. The mobile side monthly active users (MAUs) also missed forecast. TME-SW's ADR plunged 24.7% at close, setting a 52-week new low. TME-SW reported a total revenues of RMB8.64 billion for 4Q25, up 15.9% YoY, primarily driven by a strong increase in revenues from online music services of 21.7% to RMB7.1 billion. Net profit grew by 12.6% to RMB2.2 billion. Non-IFRS net profit was RMB2.49 billion, representing an increase of 9%. AASTOCKS Financial News Website: www.aastocks.com |
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