FMP
Tencent Music Entertainment Group
TME
NYSE
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 Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
14.08 USD
-0.13 (-0.923%)
Historical Prices
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About
ceo
Mr. Zhu Liang
sector
Communication Services
industry
Internet Content & Information
website
https://www.tencentmusic.comexchange
NYSE
Description
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 Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those inter...
CIK
0001744676
ISIN
US88034P1093
CUSIP
88034P109
Address
Building D
Phone
86 75 5860 13388
Country
CN
Employee
5,353
IPO Date
Dec 12, 2018
Financial Statement
Earnings
TME Financial Summary
CIK
0001744676
Exchange
NYSE
Industry
Internet Content & I...
Sector
Communication Servic...
CUSIP
88034P109
ISIN
US88034P1093
Country
CN
Price
14.08
Beta
0.45
Volume Avg.
8.51M
Market Cap
11.16B
Shares
-
52-Week
9.41-15.77
DCF
31.36
ROE
-
ROA
-
Operating Margin
-
Debt/Equity
-
P/E
24.28
P/B
-
Website
https://www.tencentmusic.com
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Discounted Cashflow Model Levered
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Market Information
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Latest TME News
Alex Lavoie
Mar 26, 2025
Tencent Music Entertainment Group (NYSE:TME) Sees Upgrade Am...
Tencent Music Entertainment Group, listed on the NYSE under the symbol TME, is a leading online music entertainment platform in China. The company offers a variety of services, including music streaming, online karaoke, and live streaming. Tencent Music competes with other major players in the digital music space, such as NetEase Cloud Music and global giants like Spotify. On March 26, 2025, Deutsche Bank upgraded Tencent Music to a "Buy" rating, with the stock priced at approximately $14.42. T...
Davit Kirakosyan
Nov 6, 2024
Tencent Music Started With Overweight Rating at Barclays
Barclays analysts initiated coverage on Tencent Music Entertainment (NYSE:TME) with an Overweight rating and a $16 price target, citing the company’s solid adaptation and growth in China’s evolving music streaming market. Tencent Music has successfully transitioned from a free-to-play to a subscription-based model since its 2018 IPO, boosting its paying user ratio from low single digits to over 20% by the second quarter of 2024. The company has also streamlined its live-streaming business, prev...
Seeking Alpha
Aug 16, 2024
Tencent Music Entertainment Group (TME) Q2 2024 Earnings Cal...
Tencent Music Entertainment Group (NYSE:TME ) Q2 2024 Results Conference Call August 13, 2024 7:00 AM ET Company Participants Millicent Tu - Head of IR Cussion Pang - Executive Chairman Ross Liang - CEO Shirley Hu - CFO Conference Call Participants Alicia Yap - Citigroup Lincoln Kong - Goldman Sachs Alex Poon - Morgan Stanley Lei Zhang - Bank of America Merrill Lynch Wei Xiong - UBS Thomas Chong - Jefferies Millicent Tu Good evening, and good morning, and welcome to Tencent Music Entertainment S...
MarketBeat
Aug 15, 2024
Why You Shouldn't Count Out Tencent Music Stock After Earnin...
Tencent Music Entertainment Group NYSE: TME is the largest music streaming company in China. The company's shares have been a bright spot for investors in the country over the past 52 weeks, providing a total return of 84%.
InvestorPlace
Aug 13, 2024
Tencent News: Why Is TME Stock Plunging 15% Today?
Tencent Music Entertainment (NYSE: TME ) stock is falling on Tuesday after the online music entertainment platform company reported earnings for the second quarter of 2024. The bad news for investors in TME stock starts with its adjusted earnings per share of 65 cents.
Investopedia
Aug 13, 2024
Tencent US-Listed Stock Dives as Karaoke Unit Revenue Plumme...
American depositary receipts (ADRs) of Tencent Music Entertainment Group (TME) sank Tuesday after the Chinese music streaming service posted worse-than-expected social entertainment services revenue as it dealt with government restrictions on the industry.
Stuart Mooney
Aug 13, 2024
Tencent Music Entertainment's Impressive Financial Performan...
Tencent Music Entertainment (NYSE:TME), a leading name in the music streaming industry, recently made headlines with its impressive financial performance for the quarter. The company, known for its diverse platforms catering to a wide range of musical tastes, has seen a significant uptick in its paid subscriber base. This growth in subscribers is a key driver behind the company's revenue surpassing expectations, showcasing the strong demand for its music streaming services. The increase in TME'...
Reuters
Aug 13, 2024
Tencent Music Entertainment beats quarterly revenue estimate...
Tencent Music Entertainment topped estimates for quarterly revenue on Tuesday as its paid subscriber base grew across its music streaming platforms, sending its U.S. listed shares up 2.4% in premarket trading.
