Tencent Music Entertainment Group (TME)
| Market Cap | 6.34B |
| Revenue (ttm) | 4.70B |
| Net Income (ttm) | 423.75M |
| Shares Out | 1.70B |
| EPS (ttm) | 0.24 |
| PE Ratio | 15.45 |
| Forward PE | 13.44 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 13,958,073 |
| Open | 3.72 |
| Previous Close | 3.67 |
| Day's Range | 3.63 - 3.85 |
| 52-Week Range | 2.95 - 16.53 |
| Beta | 1.12 |
| Analysts | Buy |
| Price Target | 7.02 (+87.7%) |
| Earnings Date | May 16, 2022 |
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...
Financial Performance
In 2021, TME's revenue was 31.24 billion, an increase of 7.17% compared to the previous year's 29.15 billion. Earnings were 3.03 billion, a decrease of -27.10%.
Financial numbers in millions CNYFinancial StatementsAnalyst Forecast
According to 25 analysts, the average rating for TME stock is "Buy." The 12-month stock price forecast is 7.02, which is an increase of 87.70% from the latest price.
News
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Tencent Music Entertainment Announces First Digital Commemorative Trophy in China's Music Industry
SHENZHEN, China, May 20, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announced...
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Tencent Music Entertainment Group Partners with Embassy of France in China on Collaborative Music Album
SHENZHEN, China , May 18, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announce...
China's Tencent Music posts 15% fall in quarterly revenue
China's Tencent Music Entertainment Group posted a 15% fall in quarterly revenue on Monday, hit by easing demand for its music streaming platform amid stiff competition.
Tencent Music Entertainment Group Announces First Quarter 2022 Unaudited Financial Results
SHENZHEN, China, May 16, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announced...
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Some of the stocks that may grab investor focus today are: Wall Street expects Tencent Music Entertainment Group (NYSE: TME) to report quarterly earnings at $0.07 per share on revenue of $1.23 million b...
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Tencent Music Entertainment Group Sponsored ADR (TME) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in...
Tencent Music Entertainment Group Releases Year-End Report for China Digital Music Industry in 2021
SHENZHEN, China , May 11, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, released a yea...
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Investors are optimistic that the Chinese government is focusing its attention on China's economic growth.
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Tencent Musician Platform Introduces Service to Further Promote Chinese Music Overseas
SHENZHEN, China , April 27, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announ...
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NetEase's Cloud Music sues Tencent Music for alleged unfair competition
NetEase's Cloud Music unit said on Wednesday it has initiated legal proceedings against Tencent Music Entertainment (TME), alleging unfair competition.
Tencent Music Entertainment Group Filed 2021 Annual Report on Form 20-F
SHENZHEN, China , April 26, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announ...
Tencent Music Launches Earth Protection Project to Celebrate Earth Day 2022
SHENZHEN, China , April 22, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announ...
Tencent Music Entertainment Group to Report First Quarter 2022 Financial Results on May 16, 2022 Eastern Time
SHENZHEN, China , April 19, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announ...
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Why Alibaba, JD.com, and Tencent Music Stocks Just Popped
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Why Tencent Music Entertainment Was Surging Today
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Here's Why Tencent Music Entertainment Shares Are Rising
Tencent Music Entertainment Group - ADR (NYSE: TME) shares are trading higher by 10.0% at $5.11 after the company reported better-than-expected fourth-quarter EPS results. The positive price action coul...
Tencent Music Entertainment Group Announces Fourth Quarter and Full Year 2021 Unaudited Financial Results
SHENZHEN, China, March 21, 2022 /PRNewswire/ --Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announce...
