TME

Tencent Music Entertainment Group
NYSECOMMUNICATION SERVICESINTERNET CONTENT & INFORMATION

Key Statistics

Market Cap
$15.59B
P/E Ratio
11.07
EPS
$0.86
Beta
0.79
52W High
$26.00
52W Low
$7.94
50-Day MA
$8.92
200-Day MA
$13.99
Dividend Yield
2.57%
Profit Margin
26.50%
Forward P/E
9.81
PEG Ratio
1.23

About Tencent Music Entertainment Group

Tencent Music Entertainment Group operates online music entertainment platforms providing music streaming, online karaoke and live streaming services in the People's Republic of China.

Official WebsiteChinaFY End: December

Fundamentals

Revenue (TTM)$33.44B
Gross Profit (TTM)$14.84B
EBITDA$11.17B
Operating Margin30.40%
Return on Equity11.90%
Return on Assets6.33%
Revenue/Share (TTM)$21.76
Book Value$7.13
Price-to-Book1.39
Price-to-Sales (TTM)0.47
EV/Revenue2.344
EV/EBITDA7.01
Quarterly Earnings Growth (YoY)-51.80%
Quarterly Revenue Growth (YoY)7.30%
Shares Outstanding$804.80M
Float$571.57M
% Insiders0.00%
% Institutions60.74%

Historical Volatility

HV 10-Day
39.51%
HV 20-Day
32.92%
HV 30-Day
34.82%
HV 60-Day
37.41%
HV Rank
31.7%

Volatility is currently expanding

Analyst Ratings

Consensus ($15.39 target)
4
Strong Buy
17
Buy
8
Hold

Latest News

Tencent Music: SENDing Immersive Audio To The Masses; Reiterate Buy On Ecosystem Premiumization

Tencent Music leverages its SEND model to automate spatial audio, enhancing premium content and improving ARPPU prospects. TME's SEND enables mass conversion of its catalog to 3D audio, lowering costs and expanding premium offerings across QQ Music and Ximalaya. Potential B2B licensing with over 40 automakers could open new revenue streams as TME integrates immersive audio into smart cockpits.

Seeking Alpha7/14/2026Positive
Tencent Music Entertainment Group to Report Second Quarter 2026 Financial Results on August 11, 2026

SHENZHEN, China, July 14, 2026 /PRNewswire/ -- 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 unaudited financial results for the second quarter of 2026 before the U.S. market opens on Tuesday, August 11, 2026. TME's management will host a Tencent Meeting Webinar on Tuesday, August 11, 2026, at 7:00 A.M.

PRNewsWire7/14/2026Neutral
Tencent Music Entertainment Group Announces Poll Results of the 2026 Annual General Meeting

SHENZHEN, China, June 30, 2026 /PRNewswire/ -- 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 its annual general meeting (the "AGM") was held in Hong Kong on June 30, 2026 and all the proposed resolutions set out in the notice of the AGM dated May 20, 2026 were duly passed at the AGM. About Tencent Music Entertainment Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing.

PRNewsWire6/30/2026Neutral
Tencent Music: Recent Strategic Moves Are Reshaping The Investment Case

Tencent Music (TME) is rated Buy, with upside driven by premium memberships, concerts, and deeper Tencent ecosystem integration. TME's SVIP membership and concert strategy create a high-value flywheel, supporting margin expansion and resilience against Bytedance competition. The Ximalaya acquisition enhances TME's audio ecosystem and premium value proposition, though immediate competitive advantages versus Bytedance may be limited.

Seeking Alpha6/25/2026Positive
Tencent Music: Trading User Growth For Ecosystem Dominance

Tencent Music is positioned for ecosystem expansion following the regulatory approval of its Ximalaya acquisition. TME's Q1 results beat on efficiency, but Q2 guidance is lowered due to intensifying competition and rising user churn risk. The Ximalaya deal fills the company's long-form audio gap, potentially boosting user stickiness and offsetting stagnating music subscription growth.

Seeking Alpha5/21/2026Positive
Tencent Music Entertainment Group to Hold Annual General Meeting on June 30, 2026

SHENZHEN, China, May 20, 2026 /PRNewswire/ -- 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 hold its annual general meeting of shareholders (the "AGM") at 10/F, The Hong Kong Club Building, 3A Chater Road, Central, Hong Kong on Tuesday, June 30, 2026 at 10 a.m. (Beijing/Hong Kong time) for the purposes of considering and, if thought fit, passing the resolutions as set forth in the notice of the AGM (the "AGM Notice").

PRNewsWire5/20/2026Neutral
Tencent Music Entertainment Group Q1 Earnings Call Highlights

Tencent Music Entertainment Group NYSE: TME reported steady first-quarter 2026 results as management highlighted growth in music-related services, rising contributions from offline performances and continued pressure from competition and AI-related copyright issues.

MarketBeat5/15/2026Neutral
Tencent Music Entertainment Group Announces First Quarter 2026 Unaudited Financial Results

SHENZHEN, China, May 12, 2026 /PRNewswire/ -- 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 its unaudited financial results for the first quarter ended March 31, 2026. First Quarter 202 6  Financial Highlights Total revenues were RMB7.90 billion (US$1.15 billion), representing a 7.3% year-over-year increase, primarily due to strong growth in revenues from music related services[1].

PRNewsWire5/12/2026Neutral
Tencent Music Entertainment Group Filed 2025 Annual Report on Form 20-F

SHENZHEN, China, April 17, 2026 /PRNewswire/ -- 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 has filed its annual report on Form 20-F that includes its audited financial statements for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission (the "SEC") on April 17, 2026, U. S. Eastern Time.

PRNewsWire4/17/2026Neutral

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Data last updated: 7/29/2026