Stock Market Today, March 17: Tencent Music Plunges on Earnings Miss and User Concerns

Tencent Music Entertainment Group (NYSE:TME), a China-focused online music and karaoke platform, closed Tuesday at $11.37, down 24.65%. The stock fell after fiscal Q4 2025 results showed a revenue beat and subscriber growth, but an EPS miss, shrinking free users, and fresh analyst downgrades. Investors are watching how the new user-metric disclosures affect confidence in future growth. Trading volume reached 63.9 million shares, coming in about 823% above its three-month average of 6.9 million shares. Tence ...