Tencent Music Entertainment Group (TME)

NYSE: TME · IEX Real-Time Price · USD
8.28
-0.20 (-2.36%)
At close: Mar 31, 2023, 4:00 PM
8.26
-0.02 (-0.24%)
After-hours: Mar 31, 2023, 7:59 PM EDT
-2.36%
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... [Read more]

IPO Date Dec 12, 2018
Employees 5,966
Stock Exchange NYSE
Ticker Symbol TME
Full Company Profile

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 Financial Statements

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
Stock Forecasts

News

Tencent Music Entertainment Group Sponsored ADR (TME) Recently Broke Out Above the 20-Day Moving Average

Should investors be excited or worried when a stock crosses above the 20-day simple moving average?

2 days ago - Zacks Investment Research

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

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

Other symbols: RELX
4 days ago - Zacks Investment Research

China's Tencent Music beats quarterly revenue estimates

Tencent Music Entertainment Group beat quarterly revenue estimates on Tuesday, helped by continued growth in paying users and a recovery in advertising.

1 week ago - Reuters

Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2022 Unaudited Financial Results

SHENZHEN, China , March 21, 2023 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Ch...

1 week ago - PRNewsWire

TME or RELX: Which Is the Better Value Stock Right Now?

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

Other symbols: RELX
3 weeks ago - Zacks Investment Research

Tencent Music Entertainment Group to Report Fourth Quarter and Full Year 2022 Financial Results on March 21, 2023 Eastern Time

SHENZHEN, China , Feb. 20, 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...

1 month ago - PRNewsWire

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

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

Other symbols: SSTK
1 month ago - Zacks Investment Research

Chinese companies announce competitors to ChatGPT

CNBC's Eunice Yoon joins 'Power Lunch' to report on Chinese efforts to ramp up artificial intelligence technology.

Other symbols: BABABIDUJDNTES
1 month ago - CNBC Television

New Strong Buy Stocks for February 9th

DB, SLF, TME, EPC and IFS have been added to the Zacks Rank #1 (Strong Buy) List on February 9, 2022.

Other symbols: DBEPCIFSSLF
1 month ago - Zacks Investment Research

Tencent Music Entertainment Group Introduces TME UNI Chart on Billboard to Promote Chinese Music in Global Markets

SHENZHEN, China , Feb. 8, 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...

1 month ago - PRNewsWire

New Strong Buy Stocks for February 7th

DLAKY, UBS, SNY, EVR and TME have been added to the Zacks Rank #1 (Strong Buy) List on February 7, 2022.

Other symbols: DLAKYEVRSNYUBS
1 month ago - Zacks Investment Research

TME or SSTK: Which Is the Better Value Stock Right Now?

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

Other symbols: SSTK
2 months ago - Zacks Investment Research

Tencent Music Entertainment Group Sponsored ADR (TME) Crossed Above the 20-Day Moving Average: What That Means for Investors

Should investors be excited or worried when a stock crosses above the 20-day simple moving average?

2 months ago - Zacks Investment Research

CNBC's fireside chat with Tencent's chief exploration officer

In his unique role as chief exploration officer, David Wallerstein, searches the globe for innovations that could change the world. He joins CNBC to discuss the latest innovations surrounding smart ca...

Other symbols: TCEHY
2 months ago - CNBC International TV

Best Momentum Stocks to Buy for January 19th

TME, AXAHY and ASR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 19, 2022.

Other symbols: ASR
2 months ago - Zacks Investment Research

New Strong Buy Stocks for January 19th

TME, MANU, BROS, VZLA and EVBG have been added to the Zacks Rank #1 (Strong Buy) List on January 19, 2022.

Other symbols: BROSEVBGMANUVZLA
2 months ago - Zacks Investment Research

Best Value Stocks to Buy for January 19th

MPB, CPB and TME made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 19, 2022.

Other symbols: CPBMPB
2 months ago - Zacks Investment Research

What Makes Tencent Music Entertainment Group Sponsored ADR (TME) a Strong Momentum Stock: Buy Now?

Does Tencent Music Entertainment Group Sponsored ADR (TME) have what it takes to be a top stock pick for momentum investors? Let's find out.

2 months ago - Zacks Investment Research

New Strong Buy Stocks for January 17th

PNNT, MITSY, TME, RYAM and BROS have been added to the Zacks Rank #1 (Strong Buy) List on January 17, 2022.

Other symbols: BROSMITSYPNNTRYAM
2 months ago - Zacks Investment Research

TME or ABNB: Which Is the Better Value Stock Right Now?

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

Other symbols: ABNB
2 months ago - Zacks Investment Research

New Strong Buy Stocks for January 13th

STNE, DTEGY, BAMXF, TME and FYBR have been added to the Zacks Rank #1 (Strong Buy) List on January 13 , 2023.

Other symbols: FYBRSTNE
2 months ago - Zacks Investment Research

Why Tencent Music Entertainment (TME) Shares Hit A New 52-Week High Today

Tencent Music Entertainment Group - ADR TME shares are trading higher by some 5.99% to $9.12 Wednesday afternoon. Shares of Chinese companies at large are trading higher after Chinese regulators repor...

3 months ago - Benzinga

Tencent Music Entertainment Group Announces Poll Results of the 2022 Annual General Meeting and Class Meetings

SHENZHEN, China , Dec. 30, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chi...

3 months ago - PRNewsWire

What's Going On With Tencent Music Entertainment Shares - Tencent Music Enter Gr (NYSE:TME)

Tencent Music Entertainment Group - ADR TME shares are trading lower by 5.19% to $8.03 during Wednesday's session. Shares of several Chinese companies are trading lower amid concerns over increased CO...

3 months ago - Benzinga

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

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

Other symbols: ABNB
3 months ago - Zacks Investment Research