Tencent Music Entertainment Group (TME)

NYSE: TME · IEX Real-Time Price · USD
10.39
-0.08 (-0.76%)
At close: Mar 1, 2024, 4:00 PM
10.47
+0.08 (0.77%)
After-hours: Mar 1, 2024, 7:52 PM EST
-0.76%
Market Cap 18.41B
Revenue (ttm) 3.89B
Net Income (ttm) 655.43M
Shares Out 1.71B
EPS (ttm) 0.42
PE Ratio 24.74
Forward PE 24.51
Dividend n/a
Ex-Dividend Date n/a
Volume 4,973,398
Open 10.54
Previous Close 10.47
Day's Range 10.39 - 10.72
52-Week Range 5.70 - 10.71
Beta 0.80
Analysts Strong Buy
Price Target 9.60 (-7.6%)
Earnings Date Mar 19, 2024

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 music in personalized ways; and WeSing, which enables users to sing from its library of karaoke songs and share their performances in audio or video formats with friends. The company also operates QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an in... [Read more]

IPO Date Dec 12, 2018
Employees 5,805
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 12 analysts, the average rating for TME stock is "Strong Buy." The 12-month stock price forecast is $9.6, which is a decrease of -7.60% from the latest price.

Price Target
$9.6
(-7.60% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Tencent Music Entertainment Group to Report Fourth Quarter and Full Year 2023 Financial Results on March 19, 2024

SHENZHEN, China , Feb. 20, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chi...

12 days ago - PRNewsWire

Tencent Music Entertainment Group and Universal Music Group Extend Multi-year Strategic Licensing Agreement

SHENZHEN, China , Jan. 3, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in Chin...

2 months ago - PRNewsWire

2024 could turn into a ‘trader's market.' Here's how this strategist says you can make the most of that.

The S&P 500 index SPX has three days left this year to try for a fresh record high, which in theory, shouldn't be so hard with a Santa Rally all but teed up.

2 months ago - Market Watch

Tencent Music Entertainment Group Announces Management Change

SHENZHEN, China , Nov. 30, 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...

3 months ago - PRNewsWire

China's Tencent Music beats revenue estimates on paid subscriber growth

China's Tencent Music Entertainment beat estimates for third-quarter revenue on Tuesday, helped by steady growth in paid subscriptions on its music streaming platform.

3 months ago - Reuters

Tencent Music Entertainment Group Announces Third Quarter 2023 Unaudited Financial Results

SHENZHEN, China , Nov. 14, 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...

3 months ago - PRNewsWire

Tencent Music Entertainment Group to Report Third Quarter 2023 Financial Results on November 14, 2023

SHENZHEN, China , Oct. 16, 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...

4 months ago - PRNewsWire

Alibaba and other Chinese shares bounce back as China reportedly looks to re-energize its stock market

U.S.-listed shares of Chinese internet stocks were rising Friday, snapping back after two sessions of pressure.

5 months ago - Market Watch

China's Tencent Music quarterly revenue rises 5.5%

China's Tencent Music Entertainment Group , said on Tuesday second-quarter revenue rose 5.5% from a year ago, driven by growth in paying users on its Spotify-like music streaming platform and a recove...

7 months ago - Reuters

Tencent Music Entertainment Group Announces Second Quarter 2023 Unaudited Financial Results

SHENZHEN, China , Aug. 15, 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...

7 months ago - PRNewsWire

Tencent Music Entertainment Group to Report Second Quarter 2023 Financial Results on August 15, 2023

SHENZHEN, China , July 17, 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...

8 months ago - PRNewsWire

Tencent Music Entertainment Group Announces Senior Management Change

SHENZHEN, China , July 17, 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...

8 months ago - PRNewsWire

Tencent Music Entertainment Group Announces Poll Results of the 2023 Annual General Meeting

SHENZHEN, China , June 30, 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...

8 months ago - PRNewsWire

South Korea's HYBE signs deal with China's Tencent Music -newspaper

South Korean entertainment company HYBE, home to K-pop superstars BTS, has signed a music distribution deal with China's Tencent, the Seoul Economic Daily newspaper reported on Tuesday citing a HYBE o...

10 months ago - Reuters

Tencent Music Entertainment Group to Hold Annual General Meeting on June 30, 2023

SHENZHEN, China , May 22, 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...

10 months ago - PRNewsWire

China's Tencent Music revenue beats estimates on strong user growth

China's Tencent Music Entertainment Group , on Tuesday reported higher revenue after five straight quarterly declines, driven by growth in paying users on its Spotify-like music streaming platform, se...

10 months ago - Reuters

Tencent Music Entertainment Group Announces First Quarter 2023 Unaudited Financial Results

SHENZHEN, China , May 16, 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...

10 months ago - PRNewsWire

Tencent Music Entertainment Group Filed 2022 Annual Report on Form 20-F

SHENZHEN, China , April 25, 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...

11 months ago - PRNewsWire

Tencent Music Entertainment Group to Report First Quarter 2023 Financial Results on May 16, 2023

Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it will report its unau...

11 months ago - PRNewsWire

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 year 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 year ago - PRNewsWire

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 year ago - PRNewsWire

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 year ago - CNBC Television

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 year ago - PRNewsWire

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
1 year ago - CNBC International TV