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

Analyst Insights
13 May 2026
Anusuya Lahiri
View Source
Bearish
pluang ai news

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, and AI-driven piracy risks. The pending Ximalaya acquisition may help stabilize 2026 outlook, but uncertainties remain. Tencent Music shares traded near their 52-week low amid these concerns.

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