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Tencent Music Entertainment Group (TME)

Stock Price: $10.78 USD -0.80 (-6.91%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
After-hours: $10.82 +0.04 (0.37%) Jul 23, 7:59 PM
Market Cap 18.34B
Revenue (ttm) 4.46B
Net Income (ttm) 635.32M
Shares Out 1.69B
EPS (ttm) 0.39
PE Ratio 27.93
Forward PE 29.67
Dividend n/a
Dividend Yield n/a
Trading Day July 23
Last Price $10.78
Previous Close $11.58
Change ($) -0.80
Change (%) -6.91%
Day's Open 11.00
Day's Range 10.53 - 11.08
Day's Volume 20,987,469
52-Week Range 10.53 - 32.25

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SHENZHEN, China, July 20, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music", "TME", or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in Chin...

4 days ago - PRNewsWire

NEW YORK, July 18, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Tencent Music Entertainment Group ("Tencent" or the "Company") (NYSE: TME).  Such investors are ad...

5 days ago - PRNewsWire

Tencent Music Entertainment Group (NYSE:TME) shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target from $23 to $14. The stock ma...

Other stocks mentioned: TCEHY
1 week ago - Benzinga

NEW YORK, July 13, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Tencent Music Entertainment Group ("Tencent" or the "Company") (NYSE: TME).  Such investors are ad...

1 week ago - PRNewsWire

Tencent Music Entertainment Group – ADR (NYSE:TME) shares are trading lower by 4.2% at $12.35 on reports Chinese antitrust authorities will order the company to give up its music label exclusivity. Tenc...

1 week ago - Benzinga

Chinese companies walk 'fine line' between shareholder and national interest: Yale's Sacks

YouTube video

CNBC's "Squawk Box" team discusses China's crackdown with Samm Sacks, senior fellow at Yale Law School's Paul Tsai China Center.

Other stocks mentioned: BABA, BIDU, DIDI, JD, TCEHY
1 week ago - CNBC Television

China's antitrust regulator is poised to order the music streaming arm of Tencent Holdings Ltd to give up exclusive rights to music labels, two people with direct knowledge of the matter said on Monday.

1 week ago - Reuters

Short Hills Capital's Weiss on why he doesn't own Chinese stocks anymore

YouTube video

Steve Weiss, Short Hills Capital founder and managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks.

Other stocks mentioned: BABA, BIDU, DIDI
2 weeks ago - CNBC Television

SHENZHEN, China, June 10, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in Chin...

1 month ago - PRNewsWire

With reopening names surging, tech stocks have fallen down a peg. But in areas such as streaming and SaaS, there are great opportunities.

Other stocks mentioned: AI, AVLR, NCNO, NFLX, SPOT, U
1 month ago - InvestorPlace

Tencent Music Entertainment Group ( TME , Financial) is China's most popular online music entertainment company. The company has over 800 million active users and 60 million paying subscribers through f...

Other stocks mentioned: TCEHY
1 month ago - GuruFocus

Tencent Music's (TME) first-quarter 2021 results benefit from expanded paid music subscriber base and increase in revenues from online music and social entertainment services.

Other stocks mentioned: TCEHY
2 months ago - Zacks Investment Research

Tencent Music Entertainment Group – ADR (NYSE:TME) shares are trading lower by 2.1% at $14.98 in Monday's after-hours session after the company reported worse-than-expected first-quarter EPS and sales r...

2 months ago - Benzinga

China's Tencent Music Entertainment Group posted a 24% rise in quarterly revenue on Monday, driven by higher advertising sales from its music streaming platform.

2 months ago - Reuters

SHENZHEN, China, May 17, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China...

2 months ago - PRNewsWire

SHENZHEN, China, May 17, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China...

2 months ago - PRNewsWire

Some of the stocks that may grab investor focus today are: AT&T Inc. (NYSE: T) is in talks to merge its media assets with Discovery Communications Inc (NASDAQ: DISCA), Bloomberg reported. AT&T shares ro...

Other stocks mentioned: DISCA, KKR, RYAAY, T
2 months ago - Benzinga

George Soros reportedly snapped up stocks that took a hit amid the collapse of Archegos Capital Management in March. What Happened: Billionaire George Soros' investment firm Soros Fund Management bought...

Other stocks mentioned: BIDU, DISCA, DISCB, DISCK, VIAC, VIPS
2 months ago - Benzinga

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
2 months 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 months 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 months 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.

2 months 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.

2 months ago - Zacks Investment Research

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

2 months 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 months 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 months 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 months 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 months 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
3 months 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 ...

3 months 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
3 months 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...

3 months 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...

3 months 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
3 months 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
3 months ago - Benzinga

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

Other stocks mentioned: BIDU, DISCA, FTCH, GSX, IQ, VIAC, VIPS
3 months 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.

3 months 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
3 months 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.

3 months 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...

3 months 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...

3 months 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
3 months 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 ...

3 months ago - PRNewsWire

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

Other stocks mentioned: BIDU, IQ
3 months 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
3 months 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
3 months 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
3 months 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
3 months 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...

3 months 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
3 months ago - InvestorPlace

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 22.75, which is an increase of 111.04% from the latest price.

Price Target
$22.75
(111.04% upside)
Analyst Consensus: Buy