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Tencent Music Entertainment Group (TME)

Stock Price: $15.21 USD 0.64 (4.39%)
Updated May 14, 2021 4:00 PM EDT - Market closed
After-hours: $15.26 +0.05 (0.33%) May 14, 7:59 PM
Market Cap 25.74B
Revenue (ttm) 4.46B
Net Income (ttm) 635.32M
Shares Out 1.69B
EPS (ttm) 0.38
PE Ratio 39.61
Forward PE 32.57
Dividend n/a
Dividend Yield n/a
Trading Day May 14
Last Price $15.21
Previous Close $14.57
Change ($) 0.64
Change (%) 4.39%
Day's Open 14.99
Day's Range 14.68 - 15.27
Day's Volume 17,762,479
52-Week Range 11.68 - 32.25

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Billionaire George Soros' investment firm, Soros Fund Management bought shares of ViacomCBS Inc, Discovery Inc and Baidu Inc as they were being sold off during the meltdown of Bill Hwang's Archegos Capi...

Other stocks mentioned: BIDU, DISCA, DISCB, DISCK, VIAC, VIPS
21 hours ago - Reuters

The number of March quarter earnings reports we expect to see this week is right around 300.

Other stocks mentioned: FSR, GOEV, TCEHY, XONE
2 days ago - 24/7 Wall Street

On Monday, May 17, Tencent Music (NYSE:TME) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

2 days ago - Benzinga

Tencent Music's (TME) first-quarter 2021 results are likely to benefit from an expanded music library and growth in paying subscriber base.

3 days ago - Zacks Investment Research

Tencent Music Entertainment Group Sponsored ADR (TME) closed at $15.18 in the latest trading session, marking a -0.33% move from the prior day.

4 days ago - Zacks Investment Research

After the Archegos-driven sell-off in March, Tencent Music had more bad news in April

6 days ago - The Motley Fool

Broader markets be at all-time highs, but there are still opportunities for the coming months. Here are seven stocks to buy this May.

Other stocks mentioned: CLDR, EDIT, KWEB, MO, ROKU, SMOG
2 weeks ago - InvestorPlace

Tencent Music Entertainment Group Sponsored ADR (TME) closed at $18.97 in the latest trading session, marking a +1.93% move from the prior day.

Other stocks mentioned: TCEHY
3 weeks ago - Zacks Investment Research

SHENZHEN, China, April 23, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music", "TME", or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in Chi...

3 weeks ago - PRNewsWire

SHENZHEN, China, April 23, 2021 /PRNewswire/ --Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in Chin...

3 weeks ago - PRNewsWire

Chinese online music entertainment platform Tencent Music Entertainment Group (NYSE: TME) appointed CEO Cussion Kar Shun Pang as the board Chairman.  Tencent Holdings Ltd (OTC: TCEHY) VP Zhu Liang (or R...

Other stocks mentioned: TCEHY
1 month ago - Benzinga

SHENZHEN, China, April 14, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in China, today ...

1 month ago - PRNewsWire

A lot of growth stocks are hitting new highs, but these three speedsters are trading 32% to 48% below their recent peaks.

Other stocks mentioned: CPNG, OPEN
1 month ago - The Motley Fool

SHENZHEN, China, April 9, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE:TME), the leading online music entertainment platform in China, today an...

1 month ago - PRNewsWire

SHENZHEN, China, April 2, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in China, today l...

1 month ago - PRNewsWire

The battered shares of many of the companies linked with Archegos Capital's massive margin call bounced back on Tuesday, as investors bet the bulk of the selloff was done and took advantage of discounte...

Other stocks mentioned: DISCA, VIAC, VIPS
1 month ago - Reuters

Discovery, Inc. (NASDAQ: DISCA) stock plummeted over 55% between March 22 and 26 before rebounding slightly. The selloff has been attributed to a report that a number of major investment banks forced hu...

Other stocks mentioned: BIDU, DISCA
1 month ago - Benzinga

Find out what sent a Wall Street giant to huge losses.

Other stocks mentioned: BIDU, DISCA, FTCH, GSX, IQ, VIAC, VIPS
1 month ago - The Motley Fool

The shares of China-based Tencent Music Entertainment Group (NYSE:TME) are flat despite earlier staging a brief rebound, last seen at $19.99, after the company announced a $1 billion share buyback plan.

1 month ago - Schaeffers Research

Chinese stocks are on the move Monday morning as additional context from blocks sales last week reveals what all the hubbub is about. The post Chinese Stocks: The Archegos Drama That Has BIDU, GSX, VIPS...

Other stocks mentioned: BIDU, GSX, VIPS
1 month ago - InvestorPlace

Tencent Music, which is listed on the New York Stock Exchange, lost about a third of its value last week amid a sell-off in Chinese technology stocks.

1 month ago - CNBC

Tencent Music Entertainment Group (NYSE: TME) said Sunday that it had authorized a $1 billion share repurchase program during a twelve-month period starting Monday. What Happened: The Shenzhen-based com...

1 month ago - Benzinga

China's Tencent Music Entertainment Group announced a $1 billion share repurchase plan, its biggest, late on Sunday, days after the U.S. securities regulator adopted stricter measures for foreign compan...

1 month ago - Reuters

The primary cause of the selling in Chinese Internet stocks was that a fund, Archegos Capital Management, was forced out of its positions.

Other stocks mentioned: BABA, BIDU, BILI, GSX, TCOM, VIPS
1 month ago - CNBC

SHENZHEN, China, March 28, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in China, today ...

1 month ago - PRNewsWire

Someone's selling shares. A lot of shares, and all at once.

Other stocks mentioned: BIDU, IQ
1 month ago - The Motley Fool

So what did the stock market do today? Investors reacted to fears about delisting Chinese stocks and watched shipping stocks closely.

Other stocks mentioned: BIDU, IQ
1 month ago - InvestorPlace

Chinese stocks are falling hard on Friday on fears of delisting due to the SEC adopting standards set forth by former President Donald Trump. The post Delisting Chinese Stocks?

Other stocks mentioned: BIDU, GS, LI, NIO, VIPS, XPEV
1 month ago - InvestorPlace

Stock Market Not Healthy For Active Investors; Applied Materials Pops, Tencent Music Crashes

YouTube video

Stock market not heathy for active investors; Applied Materials pops, Tencent Music crashes. Investor's Business Daily has been helping people invest smarter results by providing exclusive stock lists, ...

Other stocks mentioned: AMAT, TCEHY
1 month ago - Investors Business Daily

WISeKey International Holdings ADR (NASDAQ: WKEY) shares are trading higher after the company announced the launch of WISeArt, a certificate of authenticity — a "non-fungible token" — that will live for...

Other stocks mentioned: WKEY
1 month ago - Benzinga

Tencent Music Entertainment Group just posted a strong performance for Q4 2020 and the fiscal year, and its only going up from here. The post Why China's Leading Music Service Is Hitting New Highs appea...

1 month ago - InvestorPlace

It appears the SEC is following through with legislation aimed at delisting Chinese stocks that don't meet American auditing standards. The post Delisting Chinese Stocks?

Other stocks mentioned: NIO, IQ, LI, VIPS, XPEV
1 month ago - InvestorPlace

Business is booming -- but the stock price already reflects that.

Other stocks mentioned: TCEHY
1 month ago - The Motley Fool

Tencent Music Entertainment Group (NYSE:TME) and Warner Music Group Corp (NASDAQ:WMG) have agreed to establish a new joint venture record label in China, the two companies said as they also announced an...

Other stocks mentioned: WMG
1 month ago - Proactive Investors

The music streaming arm of Tencent is further tightening its ties with the “big three” record label companies, its major licensing partners. Tencent Music Entertainment announced Tuesday that it has for...

1 month ago - TechCrunch

Shares of Tencent Music Enter Gr (NYSE:TME) moved higher by 1.9% in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 8.33% over the past year to $0.1...

1 month ago - Benzinga

China's Tencent Music Entertainment Group posted a 14.3% rise in quarterly revenue on Monday, as the music streaming platform benefited from adding more paying users and a rebound in ad sales.

Other stocks mentioned: TCEHY
1 month ago - Reuters

SHENZHEN, China, March 22, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in China, today ...

1 month ago - PRNewsWire

SHENZHEN, China, March 22, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in China, and Wa...

1 month ago - PRNewsWire

Strong earnings from Williams-Sonoma could be good news for RH stock. The top retailer is set to report earnings, along with Adobe and Tencent Music.

Other stocks mentioned: GRWG, RH, TCEHY
1 month ago - Investors Business Daily

The tech giant's dreams of becoming the "Spotify of China" are over.

Other stocks mentioned: BABA, TCEHY
1 month ago - The Motley Fool

NEW YORK--(BUSINESS WIRE)-- #TencentMusicEntertainment--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Tencent Music Entertai...

1 month ago - Business Wire

Nasdaq Recovers But Still Faces Key Test; Airbnb, Tencent Music, Medpace Set Up

YouTube video

Nasdaq recovers but still faces key test; Airbnb, Tencent Music, Medpace set up. Investor's Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing da...

Other stocks mentioned: ABNB, MEDP, TCEHY
2 months ago - Investors Business Daily

SHENZHEN, China, Feb. 22, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music", "TME", or the "Company") (NYSE: TME), the leading online music entertainment platform in China, today a...

2 months ago - PRNewsWire

SHENZHEN, China, Feb. 8, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in China, has made...

3 months ago - PRNewsWire

Investors gained confidence in the Chinese music streamer's business last month.

Other stocks mentioned: TCEHY
3 months ago - The Motley Fool

SHENZHEN, China, Jan. 29, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE:TME), the leading innovative online music entertainment platform in Chin...

3 months ago - PRNewsWire

SHENZHEN, China, Jan. 26, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in China, held th...

3 months ago - PRNewsWire

Two analysts just significantly boosted their price targets for this tech stock.

3 months ago - The Motley Fool

SHENZHEN, China, Jan. 15, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE:TME), the leading innovative online music entertainment platform in Chin...

4 months ago - PRNewsWire

About TME

Tencent Music Entertainment Group operates online music entertainment platforms that provides 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... [Read more...]

Industry
Internet Content & Information
IPO Date
Dec 12, 2018
CEO
Cussion Kar Shun Pang
Employees
4,769
Stock Exchange
NYSE
Ticker Symbol
TME
Full Company Profile

Financial Performance

In 2020, TME's revenue was 29.15 billion, an increase of 14.62% compared to the previous year's 25.43 billion. Earnings were 4.16 billion, an increase of 4.34%.

Financial numbers in millions CNY.
Financial Statements

Analyst Forecasts

According to 22 analysts, the average rating for TME stock is "Buy." The 12-month stock price forecast is 27.38, which is an increase of 80.01% from the latest price.

Price Target
$27.38
(80.01% upside)
Analyst Consensus: Buy