Results for: Tencent Music

Tencent Music, Mobileye, Rivian, Chipotle, and Lineage were among the top ten worst-performing large-cap stocks last week. Analysts cited various reasons for the decline, including revenue misses, leadership changes, supply chain issues, and price target reductions.

Tencent Music Entertainment Group (TME) saw a slight revenue dip in the second quarter of 2024, attributed to a decrease in social entertainment services. However, the company saw strong growth in online music services, driven by a significant increase in paying subscribers and higher revenue per user.