Tencent Music Shares Jump Nearly 12% On Strong Online Q2 Revenue Growth

(RTTNews) - Tencent Music Entertainment Group (TME) surged 12.53 percent to $25.55 on Tuesday, gaining $2.85, after reporting robust growth in its online music services.

Revenue from this segment rose 26.4 percent to RMB 6.85 billion, up from RMB 5.42 billion in the same period of 2024. Profit for the period increased to RMB 2.47 billion from RMB 1.79 billion a year earlier. The stock opened at $24.59 and traded between $24.22 and $25.98, with 10.25 million shares exchanged versus an average of 6.65 million. Tencent Music's 52-week range is $9.41 to $25.98.