TME

SHENZHEN, China, Oct. 13, 2026 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading all-in-one music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the third quarter of 2026 before the U.S. market opens on Tuesday, November 17, 2026. TME's management will host a Tencent Meeting Webinar on Tuesday, November 17, 2026, at 6:00 A.M.

Tencent Music is rated 'Buy' due to its discounted valuation and resilient membership-driven profitability, despite muted user growth. TME's investment thesis centers on recurring membership economics, prudent cost control, and the integration of Ximalaya to enhance product offerings. Forward P/E is approximately 8.8x, with a fair value estimate of $11.80/ADS, reflecting both regulatory risks and execution uncertainty.

The subscription-focused pivot has significantly improved operational profitability and long-term financial health. Regulatory oversight and intense competition from short-form video platforms remain persistent threats.

SHENZHEN, China, Sept. 3, 2026 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading all-in-one music and audio entertainment platform in China, today announced its public offering of US$1,000 million aggregate principal amount of its senior unsecured notes.

SHENZHEN, China, Sept. 1, 2026 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading all-in-one music and audio entertainment platform in China, today announced its proposed public offering (the "Proposed Offering") of its senior unsecured notes in one or more tranches, subject to market conditions and other factors.

Tencent Music (TME) is downgraded to Hold from Buy due to intensifying competition, especially from ByteDance's Soda Music. Organic revenue growth decelerated, with management acknowledging user churn among casual users and rising operating expenses to retain users. Social entertainment revenue declined 17% y/y, weighing on PnL despite 11% y/y growth in music services; macro headwinds persist.

Tencent Music Entertainment Group NYSE: TME reported second-quarter 2026 revenue of RMB 8.9 billion, up 6% from a year earlier, as growth in music-related services and the consolidation of Ximalaya offset pressure in advertising. Net profit attributable to equity holders rose to RMB 2.5 billion from RMB 2.4 billion in the prior-year period.

Pre-market futures are correcting Monday's slight selloff at this hour; ultimately, as we had said in this space yesterday, we don't expect much movement either direction until inflation reports begin to hit the tape Wednesday morning with the Consumer Price Index (CPI) Inflation Rate. The Dow is +71 points presently, the S&P 500 +16 and the Nasdaq +129 points.

We don't expect much movement either direction until inflation reports begin to hit the tape Wednesday morning.

SHENZHEN, China, Aug. 11, 2026 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading all-in-one music and audio entertainment platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2026. Second Quarter 202 6 Financial Highlights Total revenues were RMB8.93 billion (US$1.32 billion), representing a 5.8% year-over-year increase, primarily due to strong growth in revenues from music related services[1].