Tencent Music Entertainment

Tencent Music reported Q2 2026 revenue of RMB 8.93 billion, beating estimates, but missed expectations with diluted EPS of RMB 1.57. Revenues in the social-entertainment segment fell sharply, while operating costs rose 12%, partly due to write-downs related to the acquisition of Ximalaya. Several banks subsequently lowered price targets and ratings, leaving the share price trading near its 52-week low and under short-term pressure. » More on de.investing.com

According to options data compiled by Bloomberg, an implied price swing of 5.3% is expected for Tencent Music’s A shares after the pre-market release of quarterly results on Aug. 11. In five of the last eight earnings releases, the actual price move exceeded the volatility priced in by the options market. Examples: on March 17 the stock fell 17.2% versus an implied move of 8.1%; on Aug. 12, 2025 it rose 19.0% versus an implied expectation of 6.5%; most recently it slid 0.8% on May 12 despite an expected move of 7.7%. » More on de.investing.com