Tencent Music Entertainment Group (TME)

Market Cap	19.56B
Revenue (ttm)	3.97B
Net Income (ttm)	854.37M
Shares Out	1.58B
EPS (ttm)	0.54
PE Ratio	22.39
Forward PE	16.22
Dividend	$0.14 (1.11%)
Ex-Dividend Date	May 31, 2024

Volume	3,524,116
Open	12.11
Previous Close	12.19
Day's Range	12.11 - 12.45
52-Week Range	7.93 - 15.77
Beta	0.68
Analysts	Strong Buy
Price Target	13.11 (+6.03%)
Earnings Date	Nov 12, 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...

• Industry: Internet Content & Information
• Sector: Communication Services
• IPO Date: Dec 12, 2018
• Employees: 5,185
• Stock Exchange: NYSE
• Ticker Symbol: TME
• Website: https://www.tencentmusic.com

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

Analyst Forecast

According to 13 analysts, the average rating for TME stock is "Strong Buy." The 12-month stock price forecast is $13.11, which is an increase of 6.03% from the latest price.

Price Target

$13.11

(6.03% upside)

Analyst Consensus: Strong Buy