Tencent Music Entertainment Group (TME)

Market Cap	14.04B
Revenue (ttm)	4.07B
Net Income (ttm)	527.55M
Shares Out	1.70B
EPS (ttm)	0.33
PE Ratio	24.23
Forward PE	18.15
Dividend	n/a
Ex-Dividend Date	n/a

Volume	6,613,932
Open	8.36
Previous Close	8.48
Day's Range	8.21 - 8.55
52-Week Range	3.14 - 9.29
Beta	0.79
Analysts	Buy
Price Target	9.26 (+11.84%)
Earnings Date	May 15, 2023

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...

• Industry: Internet Content & Information
• Sector: Communication Services
• IPO Date: Dec 12, 2018
• Employees: 5,966
• Stock Exchange: NYSE
• Ticker Symbol: TME

Financial Performance

In 2022, TME's revenue was 28.34 billion, a decrease of -9.30% compared to the previous year's 31.24 billion. Earnings were 3.68 billion, an increase of 21.39%.

Financial numbers in CNY

Analyst Forecast

According to 29 analysts, the average rating for TME stock is "Buy." The 12-month stock price forecast is $9.26, which is an increase of 11.84% from the latest price.

Price Target

$9.26

(11.84% upside)

Analyst Consensus: Buy