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# Tencent Music [NYSE: TME] Stock Fell 11% Wednesday
- URL: https://www.hypebot.com/tencent-music-tme-stock-falls-93-after-earnings-report/
- Published: 2019-03-21T07:53:00.000Z
- Updated: 2019-03-21T07:53:00.000Z
- Description: UPDATE 2: Tencent Music [TME] stock took a hit Wednesday after the streamer's first post-IPO report to investors included a $127 million quarterly loss. Tencent stock closed Wednesday at $16.66. Continue reading [https://www.hypebot.com/hypebot/2019/03/tencent-music-tme-stock-falls-93-after-earnings
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Startups & Funding, Streaming, China, music, musician, musicians, Spotify, Tencent, Tencent Music, #wp, #wp-post, #Import 2026-01-21 10:00

[![Arrow red up](https://hypebot.typepad.com/.a/6a00d83451b36c69e20240a448fa8b200c-pi "Arrow red up")](https://hypebot.typepad.com/.a/6a00d83451b36c69e20240a496728c200b-popup?ref=hypebot.com)UPDATE 2: Tencent Music \[TME\] stock took a hit Wednesday after the streamer's first post-IPO report to investors included a $127 million quarterly loss. Tencent stock closed Wednesday at $16.66 USD, down $1.91 or 10.29% and fell another 1% in after hours trading.

[![Tencent music](https://hypebot.typepad.com/.a/6a00d83451b36c69e20240a448aa4b200c-200wi "Tencent music")](https://hypebot.typepad.com/.a/6a00d83451b36c69e20240a448aa4b200c-popup?ref=hypebot.com)

Investors were not happy, even though the company had forecast the loss caused by a one time $221 million stock issuance to Warner Music Group and Sony Music Entertainment.

**More details: [Tencent Music Posts $127M Loss, 664M Monthly Active Users](https://www.hypebot.com/tencent-music-posts-127m-loss-664m-monthly-active-users/)**