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TME-SW 1Q Non-IFRS Net Profit Down 51.3% YoY; EPS Beats; US Premarket Up 3.4%
2026-05-12 17:35:47
TME-SW (01698.HK) announced its results for 1Q26. Net profit amounted to RMB2.091 billion, down 51.3% YoY, as the Company recognized a gain of RMB2.37 billion on deemed disposal of an associate in 1Q25.

Diluted earnings per ADS was RMB1.34. Non-IFRS diluted earnings per ADS was USD0.21, better than market forecast of USD0.2.

Tencent Music Entertainment Group (TME.US) leaped 6.1% in US premarket trading to USD9.75.
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