腾讯音乐今日盘中股价大幅下挫，跌幅达15.77%，引起了市场的广泛关注。
消息面上，公司最新发布的2025年第四季度财报显示，尽管整体收入及调整后净利润实现增长，但关键业务指标出现疲软信号。其中，在线音乐服务收入增速较上一季度有所放缓，月活跃用户数同比下滑5%，社交娱乐服务收入同比下滑5.2%。此外，公司宣布将停止按季披露月活跃用户、付费用户等关键运营指标，引发了市场对其未来业务透明度的担忧。
同时，公司面临来自字节跳动旗下汽水音乐等平台的激烈竞争，市场环境挑战加剧。尽管公司同期宣布了派发约3.68亿美元年度现金股息的计划，但投资者似乎更聚焦于其核心业务增长动力减弱的迹象，从而导致股价承压。
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