U.S. Stocks Movement | Tencent Music Continues to Rise Over 1% in Pre-Market Trading; Citi Expects Its Last Quarter's Results to Meet or Slightly Beat Expectations

Gelonghui, February 9 | Tencent Music (TME.US), which closed up 2.57% last Friday (February 6), continued to rise 1.29% during pre-market trading on the US stock market today, reaching $16.55 per share. According to a report issued by Citi, Tencent Music's Q4 2025 results are expected to meet or slightly exceed expectations, primarily driven by steady subscription services and accelerated growth in non-subscription music revenue. Looking ahead to 2026, the bank highlighted key areas of focus including competitive dynamics and potential threats from Douyin’s Soda Music, SVIP conversion rates, average revenue per user trends, online advertising revenue, updates on concert income, Himalaya's latest status, and trends in gross margin and operating profit margins. Citi maintained its “Buy” rating on Tencent Music's US shares with a target price of $29. (Gelonghui)