Tencent Music Entertainment Group (TME)

NYSE: TME · Delayed Price · USD
3.74
0.07 (1.91%)
At close: May 25, 2022 4:00 PM
3.84
0.10 (2.67%)
Pre-market:May 26, 2022 5:51 AM EDT
Market Cap6.34B
Revenue (ttm)4.70B
Net Income (ttm)423.75M
Shares Out1.70B
EPS (ttm)0.24
PE Ratio15.45
Forward PE13.44
Dividendn/a
Ex-Dividend Daten/a
Volume13,958,073
Open3.72
Previous Close3.67
Day's Range3.63 - 3.85
52-Week Range2.95 - 16.53
Beta1.12
AnalystsBuy
Price Target7.02 (+87.7%)
Earnings DateMay 16, 2022

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 and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Mu...

IndustryEntertainment
IPO DateDec 12, 2018
CEOCussion Kar Shun Pang
Employees5,966
Stock ExchangeNYSE
Ticker SymbolTME
Full Company Profile

Financial Performance

In 2021, TME's revenue was 31.24 billion, an increase of 7.17% compared to the previous year's 29.15 billion. Earnings were 3.03 billion, a decrease of -27.10%.

Financial numbers in millions CNYFinancial Statements

Analyst Forecast

According to 25 analysts, the average rating for TME stock is "Buy." The 12-month stock price forecast is 7.02, which is an increase of 87.70% from the latest price.

Price Target
$7.02
(87.70% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Best Penny Stocks to Buy Next Week? Check These 3 Out

Are these penny stocks on your watchlist for next week? The post Best Penny Stocks to Buy Next Week?

Other symbols:CEINOK
5 days ago - PennyStocks

Tencent Music Entertainment Announces First Digital Commemorative Trophy in China's Music Industry

SHENZHEN, China, May 20, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announced...

6 days ago - PRNewsWire

TME vs. DHX: Which Stock Should Value Investors Buy Now?

TME vs. DHX: Which Stock Is the Better Value Option?

Other symbols:DHX
6 days ago - Zacks Investment Research

Tencent Music Entertainment Group Partners with Embassy of France in China on Collaborative Music Album

SHENZHEN, China , May 18, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announce...

1 week ago - PRNewsWire

China's Tencent Music posts 15% fall in quarterly revenue

China's Tencent Music Entertainment Group posted a 15% fall in quarterly revenue on Monday, hit by easing demand for its music streaming platform amid stiff competition.

Other symbols:TCEHY
1 week ago - Reuters

Tencent Music Entertainment Group Announces First Quarter 2022 Unaudited Financial Results

SHENZHEN, China, May 16, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announced...

1 week ago - PRNewsWire

5 Stocks To Watch For May 16, 2022

Some of the stocks that may grab investor focus today are: Wall Street expects Tencent Music Entertainment Group (NYSE: TME) to report quarterly earnings at $0.07 per share on revenue of $1.23 million b...

Other symbols:MANTMNDYRYAAYTTWO
1 week ago - Benzinga

What Makes Tencent Music Entertainment Group Sponsored ADR (TME) a New Buy Stock

Tencent Music Entertainment Group Sponsored ADR (TME) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in...

1 week ago - Zacks Investment Research

Tencent Music Entertainment Group Releases Year-End Report for China Digital Music Industry in 2021

SHENZHEN, China , May 11, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, released a yea...

2 weeks ago - PRNewsWire

3 Stocks With Solid Records of Sales, Earnings Growth

Investors may want to consider the stocks listed below since they meet the following value criteria:

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2 weeks ago - GuruFocus

Are These Trending Penny Stocks On Your May Watchlist?

Check these trending penny stocks out for your watchlist The post Are These Trending Penny Stocks On Your May Watchlist? appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks....

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3 weeks ago - PennyStocks

Why Tencent Music, iQIYI, and Bilibili Stocks Jumped Today

Investors are optimistic that the Chinese government is focusing its attention on China's economic growth.

Other symbols:BILIIQ
3 weeks ago - The Motley Fool

Hot Penny Stocks For Traders to Watch in May 2022

Check these 3 penny stocks out for your May list The post Hot Penny Stocks For Traders to Watch in May 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Other symbols:UECZOM
3 weeks ago - PennyStocks

Tencent Musician Platform Introduces Service to Further Promote Chinese Music Overseas

SHENZHEN, China , April 27, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announ...

4 weeks ago - PRNewsWire

4 Stocks With Solid Financial Strength

Benjamin Graham, the father of value investing, recommended investors look for stocks that have a current ratio higher than 2 and more working capital than long-term debt.

Other symbols:GOLDROKUVERU
4 weeks ago - GuruFocus

NetEase's Cloud Music sues Tencent Music for alleged unfair competition

NetEase's Cloud Music unit said on Wednesday it has initiated legal proceedings against Tencent Music Entertainment (TME), alleging unfair competition.

Other symbols:NTESTCEHY
4 weeks ago - Reuters

Tencent Music Entertainment Group Filed 2021 Annual Report on Form 20-F

SHENZHEN, China , April 26, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announ...

4 weeks ago - PRNewsWire

Tencent Music Launches Earth Protection Project to Celebrate Earth Day 2022

SHENZHEN, China , April 22, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announ...

1 month ago - PRNewsWire

Tencent Music Entertainment Group to Report First Quarter 2022 Financial Results on May 16, 2022 Eastern Time

SHENZHEN, China , April 19, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announ...

1 month ago - PRNewsWire

2 Top Profitable Stocks Trading Under $10 to Buy in April

When industry-leading companies are selling at single-digit share prices, investors have a chance to reap big gains.

Other symbols:SIRI
1 month ago - The Motley Fool

Why Alibaba, JD.com, and Tencent Music Stocks Just Popped

The crash may be over, but the buybacks have only just begun.

Other symbols:BABAJD
2 months ago - The Motley Fool

Why Tencent Music Entertainment Was Surging Today

Ironically, earnings came up short. So why is the stock rising?

2 months ago - The Motley Fool

Here's Why Tencent Music Entertainment Shares Are Rising

Tencent Music Entertainment Group - ADR (NYSE: TME) shares are trading higher by 10.0% at $5.11 after the company reported better-than-expected fourth-quarter EPS results. The positive price action coul...

2 months ago - Benzinga

Tencent Music Entertainment Group Announces Fourth Quarter and Full Year 2021 Unaudited Financial Results

SHENZHEN, China, March 21, 2022 /PRNewswire/ --Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announce...

2 months ago - PRNewsWire

Chinese Stocks News: Why Are BABA, DIDI, PDD, JD, TME, BILI Stocks Up Today?

Chinese stocks are rising again after some good news from China's government. However, investors should analyze their growth with caution.

Other symbols:BABADIDIBILIJDPDD
2 months ago - InvestorPlace