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Tencent Music Entertainment Group (TME)

Stock Price: $27.00 USD -0.21 (-0.77%)
Updated Jan 26, 2021 4:00 PM EST - Market closed
Pre-market: $27.05 +0.05 (0.19%) Jan 27, 7:01 AM
Market Cap 45.29B
Revenue (ttm) 3.63B
Net Income (ttm) 568.86M
Shares Out 1.68B
EPS (ttm) 0.32
PE Ratio 83.33
Forward PE 36.90
Dividend n/a
Dividend Yield n/a
Trading Day January 26
Last Price $27.00
Previous Close $27.21
Change ($) -0.21
Change (%) -0.77%
Day's Open 27.09
Day's Range 26.73 - 27.19
Day's Volume 10,077,661
52-Week Range 9.45 - 27.21

News

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PRNewsWire - 1 day ago

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 Chin...

The Motley Fool - 1 week ago

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

PRNewsWire - 1 week ago

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

PRNewsWire - 1 month ago

SHENZHEN, China, Dec. 20, 2020 /PRNewswire/ -- Tencent Music Entertainment Group (Tencent Music or TME, NYSE: TME), the leading online music entertainment platform in China, has partnered with...

Other stocks mentioned: TCEHY
PRNewsWire - 1 month ago

SHENZHEN, China, Dec. 18, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading innovative online music entertainment platf...

The Motley Fool - 1 month ago

If you like your stocks with low price points, try this tech health disruptor, outlet mall operator, and Chinese streaming giant on for size.

Other stocks mentioned: SKT, SPCE
Investors Business Daily - 1 month ago

Stocks Keep Hitting Highs; Freshpet, Floor & Decor, Tencent Music Break Out

Stocks keep hitting highs; Freshpet, Floor & Decor, Tencent Music break out. Investor's Business Daily has been helping people invest smarter results by providing exclusive stock lists, invest...

Other stocks mentioned: FRPT, FND
TechCrunch - 2 months ago

Wave, the virtual concert platform that's already produced events for John Legend and The Weeknd, has inked a deal to bring its virtual concerts to China through a partnership with Tencent Mus...

Deadline - 2 months ago

Tencent Music Entertainment Group acquired an undisclosed minority stake in LA-based Wave and the two have inked a strategic partnership to catapult the interactive virtual entertainment compa...

VentureBeat - 2 months ago

Tencent Music Entertainment Group (TME) has invested in virtual concert company Wave to explore the potential of online music.

PRNewsWire - 2 months ago

SHENZHEN, China, Nov. 19, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in Chin...

PRNewsWire - 2 months ago

SHENZHEN, China, Nov. 18, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in Chin...

The Motley Fool - 2 months ago

China's biggest streaming music company continues to lose listeners.

Other stocks mentioned: TCEHY
Schaeffers Research - 2 months ago

The shares of China-based media name Tencent Music Entertainment Group (NYSE:TME) are down 1.7% at $14.70 this morning, reversing course from their premarket gains following a 16.4% rise in re...

Seeking Alpha - 2 months ago

Tencent Music Entertainment Group (TME) CEO Cussion Pang on Q3 2020 Results - Earnings Call Transcript

Other stocks mentioned: TCEHY
PRNewsWire - 2 months ago

SHENZHEN, China, Nov. 10, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in Chin...

PRNewsWire - 2 months ago

SHENZHEN, China, Nov. 3, 2020 /PRNewswire/ -- Tencent Music Entertainment Group (Tencent Music or TME, NYSE: TME), the leading online music entertainment platform in China, and peermusic today...

Other stocks mentioned: TCEHY
PRNewsWire - 2 months ago

SHENZHEN, China, Nov. 2, 2020 /PRNewswire/ -- Tencent Music Entertainment Group (Tencent Music or TME, NYSE: TME), the leading online music entertainment platform in China, and Merlin, the glo...

PRNewsWire - 3 months ago

SHENZHEN, China, Oct. 26, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in Chin...

PRNewsWire - 3 months ago

SHENZHEN, China, Oct. 13, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music", "TME", or the "Company") (NYSE: TME), the leading online music entertainment platform in Chin...

PRNewsWire - 3 months ago

SHENZHEN, China, Sept. 30, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music", "TME", or the "Company") (NYSE: TME), the leading online music entertainment platform in Chi...

PRNewsWire - 4 months ago

SHENZHEN, China, Sept. 4, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in Chin...

PRNewsWire - 4 months ago

SHENZHEN, China, Aug. 28, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in Chin...

PRNewsWire - 5 months ago

SHENZHEN, China, Aug. 27, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in Chin...

PRNewsWire - 5 months ago

SHENZHEN, China, Aug. 24, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in Chin...

PRNewsWire - 5 months ago

SHENZHEN, China, Aug. 16, 2020 /PRNewswire/ -- Tencent Music Entertainment (TME) (NYSE: TME) announced that it has established a strategic partnership with Thailand's largest international rec...

PRNewsWire - 5 months ago

SHENZHEN, China, Aug. 14, 2020 /PRNewswire/ -- Tencent Music Entertainment Group (TME) (NYSE: TME) announced an exclusive partnership with Cooking Vinyl, a European pioneer independent record ...

PRNewsWire - 5 months ago

SHENZHEN, China, Aug. 13, 2020 /PRNewswire/ -- Tencent Music Entertainment Group (TME) (NYSE: TME) and Kobalt Music Group announced they have officially reached a strategic cooperation to lice...

The Motley Fool - 5 months ago

China’s top music streaming company still hasn’t won over the bulls.

TechCrunch - 5 months ago

Digital entertainment titan Tencent continues to drum up its music ambitions. On Tuesday, Tencent Music Entertainment, majority-owned by Tencent with a 55.6% stake, announced establishing a ne...

Seeking Alpha - 5 months ago

Tencent Music Entertainment Group (TME) CEO Cussion Pang on Q2 2020 Results - Earnings Call Transcript

Reuters - 5 months ago

China’s Tencent Music Entertainment Group (TME.N) beat Wall Street estimates for quarterly revenue on Monday, as the company’s music streaming service added more paying users during coronaviru...

PRNewsWire - 5 months ago

SHENZHEN, China, Aug. 10, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in Chin...

PRNewsWire - 5 months ago

SHENZHEN and LONDON, Aug. 10, 2020 /PRNewswire/ -- Tencent Music Entertainment Group (Tencent Music or TME, NYSE: TME), the leading online music entertainment platform in China and Universal M...

The Motley Fool - 5 months ago

The company received analyst upgrades and inked a big new partnership with a popular Japanese film studio.

PRNewsWire - 6 months ago

SHENZHEN, China, July 24, 2020 /PRNewswire/ -- Tencent Music Entertainment Group (TME) (NYSE: TME), the leading online music entertainment platform in China, today celebrates three years of ac...

PRNewsWire - 6 months ago

SHENZHEN, China, July 13, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music", "TME", or the "Company") (NYSE: TME), the leading online music entertainment platform in Chin...

PRNewsWire - 6 months ago

SHENZHEN, China, July 8, 2020 /PRNewswire/ -- Today, Tencent Music Entertainment (TME) (NYSE:TME) announced it will be the exclusive strategic partner in China of Global Goal: Unite for Our Fu...

PRNewsWire - 6 months ago

SHENZHEN, China, July 1, 2020 /PRNewswire/ --Tencent Music Entertainment Group (TME) (NYSE:TME) has established a strategic partnership with CoMix Wave Films Inc. (CWF), a leading Japanese ani...

Zacks Investment Research - 7 months ago

Tencent Music (TME) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

New York Post - 7 months ago

China’s Tencent Music Entertainment Group on Friday reported a 5.2 percent passive stake in Warner Music Group Corp., about a week after the world’s third-largest recording label’s debut on th...

Other stocks mentioned: WMG
Deadline - 7 months ago

Tencent Music Entertainment Group said Friday it now owns a 5.2% stake in newly public Warner Music Group.                                                              , In a SEC filing, the C...

Other stocks mentioned: WMG
Reuters - 7 months ago

China's Tencent Music Entertainment Group on Friday reported a 5.2% passive stake in Warner Music Group Corp , about a week after the world's third-largest recording label's debut on the Nasdaq.

Other stocks mentioned: WMG
The Motley Fool - 7 months ago

Shares are up roughly 4% year to date, but they still trade down roughly 6% from their December IPO.

Seeking Alpha - 8 months ago

Why We Went Long On Tencent Music Entertainment

CNBC Television - 8 months ago

Josh Brown: Foreign companies listed on US exchanges have to play ball by our rules

Josh Brown, Ritholtz Wealth Management CEO, joins "Closing Bell" to discuss news on the Senate passing a bill on oversight of Chinese companies.

Other stocks mentioned: BABA, BIDU, JD
The Motley Fool - 8 months ago

Fewer people are buying virtual gifts for live streamers as the pandemic throttles discretionary spending.

Seeking Alpha - 8 months ago

Tencent Music Entertainment Group (TME) CEO Cussion Pang on Q1 2020 Results - Earnings Call Transcript

Reuters - 8 months ago

China's Tencent Music Entertainment narrowly missed market estimates for quarterly revenue on Monday as the COVID-19 crisis hurt the company's social entertainment services business, sending ...

TechCrunch - 8 months ago

Listeners of podcasts, audiobooks and other audio shows are estimated to number 542 million in China this year, according to a third-party survey by marketing firm iiMedia. It’s a healthy jump...

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 Live and Kuwo Live that provi... [Read more...]

Industry
Internet Content & Information
IPO Date
Dec 12, 2018
CEO
Cussion Kar Shun Pang
Employees
3,610
Stock Exchange
NYSE
Ticker Symbol
TME
Full Company Profile

Financial Performance

In 2019, TME's revenue was 25.43 billion, an increase of 33.97% compared to the previous year's 18.99 billion. Earnings were 3.98 billion, an increase of 117.24%.

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 21.96, which is a decrease of -18.67% from the latest price.

Price Target
$21.96
(-18.67% downside)
Analyst Consensus: Buy