Tencent Music reports 7.3% revenue growth in Q1 2026, driven by music services and membership expansion.

Tencent Music stock hits 52-week low as analyst cuts growth forecast amid AI piracy concerns

Tencent Music reported Q1 2026 revenue growth of 7%, driven by non-subscription services, but subscription growth slowed. Analyst Fawne Jiang lowered the Q2 revenue growth forecast to 4% from 9%, citing rising competition, shifting consumer habits, a...