Tencent Music Entertainment Group (TME)
| Market Cap | 26.09B |
| Revenue (ttm) | 3.82B |
| Net Income (ttm) | 721.39M |
| Shares Out | 1.72B |
| EPS (ttm) | 0.47 |
| PE Ratio | 33.52 |
| Forward PE | 18.15 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 4,138,797 |
| Open | 15.10 |
| Previous Close | 15.42 |
| Day's Range | 14.96 - 15.46 |
| 52-Week Range | 5.70 - 15.77 |
| Beta | 0.77 |
| Analysts | Strong Buy |
| Price Target | 12.23 (-19.27%) |
| Earnings Date | May 13, 2024 |
About TME
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and... [Read more]
Financial Performance
In 2023, TME's revenue was 27.75 billion, a decrease of -2.07% compared to the previous year's 28.34 billion. Earnings were 4.92 billion, an increase of 33.80%.
Financial numbers in CNY Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for TME stock is "Strong Buy." The 12-month stock price forecast is $12.23, which is a decrease of -19.27% from the latest price.
News
Tencent Music sees 27.5% jump in net profits despite revenue dip to $937 M in Q1
China's Tencent Music Entertainment Group (TME) faced a mixed financial landscape in the first quarter of fiscal year 2024, as announced on Monday. Tencent Music revenue dips, but profits grow While t...
Tencent Music beats quarterly revenue estimates
China's Tencent Music Entertainment Group , beat first-quarter revenue estimates on Monday, thanks to steady growth in paid subscriptions and advertising services on its Spotify-like music streaming p...
Tencent Music Entertainment Group Announces First Quarter 2024 Unaudited Financial Results and Annual Dividend Plan
SHENZHEN, China , May 13, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chin...
Tencent Music Entertainment Group Filed 2023 Annual Report on Form 20-F
SHENZHEN, China , April 18, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Ch...
Tencent Music Entertainment Group to Report First Quarter 2024 Financial Results on May 13, 2024
SHENZHEN, China , April 15, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Ch...
Tencent Music Entertainment Group Announces Senior Management Changes
SHENZHEN, China , March 22, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Ch...
China: Stocks to consider as the economy rebounds
As concerns over China's economic trajectory linger, there are signs that a gradual recovery may be underway. KraneShares CIO Brendan Ahern joins Yahoo Finance Live to discuss the outlook for the Chin...
Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2023 Unaudited Financial Results
Fourth quarter music paying users up 20.6% with monthly ARPPU increased by 20.2% year-over-year Net adds of 18.2 million music paying users recorded in 2023, up from 12.3 million in 2022 SHENZHEN, Chi...
Tencent Music Entertainment Group to Report Fourth Quarter and Full Year 2023 Financial Results on March 19, 2024
SHENZHEN, China , Feb. 20, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chi...
Tencent Music Entertainment Group and Universal Music Group Extend Multi-year Strategic Licensing Agreement
SHENZHEN, China , Jan. 3, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chin...
2024 could turn into a ‘trader's market.' Here's how this strategist says you can make the most of that.
The S&P 500 index SPX has three days left this year to try for a fresh record high, which in theory, shouldn't be so hard with a Santa Rally all but teed up.
Tencent Music Entertainment Group Announces Management Change
SHENZHEN, China , Nov. 30, 2023 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chi...
China's Tencent Music beats revenue estimates on paid subscriber growth
China's Tencent Music Entertainment beat estimates for third-quarter revenue on Tuesday, helped by steady growth in paid subscriptions on its music streaming platform.
Tencent Music Entertainment Group Announces Third Quarter 2023 Unaudited Financial Results
SHENZHEN, China , Nov. 14, 2023 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chi...
Tencent Music Entertainment Group to Report Third Quarter 2023 Financial Results on November 14, 2023
SHENZHEN, China , Oct. 16, 2023 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chi...
China's Tencent Music quarterly revenue rises 5.5%
China's Tencent Music Entertainment Group , said on Tuesday second-quarter revenue rose 5.5% from a year ago, driven by growth in paying users on its Spotify-like music streaming platform and a recove...
Tencent Music Entertainment Group Announces Second Quarter 2023 Unaudited Financial Results
SHENZHEN, China , Aug. 15, 2023 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chi...
Tencent Music Entertainment Group to Report Second Quarter 2023 Financial Results on August 15, 2023
SHENZHEN, China , July 17, 2023 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chi...
Tencent Music Entertainment Group Announces Senior Management Change
SHENZHEN, China , July 17, 2023 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chi...
Tencent Music Entertainment Group Announces Poll Results of the 2023 Annual General Meeting
SHENZHEN, China , June 30, 2023 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chi...
South Korea's HYBE signs deal with China's Tencent Music -newspaper
South Korean entertainment company HYBE, home to K-pop superstars BTS, has signed a music distribution deal with China's Tencent, the Seoul Economic Daily newspaper reported on Tuesday citing a HYBE o...
Tencent Music Entertainment Group to Hold Annual General Meeting on June 30, 2023
SHENZHEN, China , May 22, 2023 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chin...
China's Tencent Music revenue beats estimates on strong user growth
China's Tencent Music Entertainment Group , on Tuesday reported higher revenue after five straight quarterly declines, driven by growth in paying users on its Spotify-like music streaming platform, se...
Tencent Music Entertainment Group Announces First Quarter 2023 Unaudited Financial Results
SHENZHEN, China , May 16, 2023 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chin...