Tencent Music Entertainment Group 

Tencent Music Entertainment Group is a holding company, which engages in the operation of an online music and audio entertainment platform. Its platform is composed of online music, online audio, online karaoke, music-centric live streaming, and online concert services. The company was founded on June 6, 2012 and is headquartered in Shenzhen, China.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Tencent Music reports strong Q4 earnings, eyes online music growth

TME's Q4 2022 showcased robust financial results, strategic initiatives, and a positive outlook for 2023, emphasizing revenue growth, margin improvements, and user-centric innovations.
The company's strengths in content, technology integration, and partnerships position it well for future growth, while challenges in cost management and market competition require strategic focus.
With opportunities in online music services, AI investments, and content collaborations, TME is poised to capitalize on industry trends and drive sustainable performance in the coming year.

Tencent Music reports strong Q1 earnings, eyes WeChat growth

TME's Q1 2023 showcased strong financial performance, driven by revenue growth and operational efficiencies.
Strategic collaborations, user experience enhancements, and IoT services are key strengths.
Challenges include balancing service growth, managing expenses, and transitioning users to paid subscriptions.
Opportunities lie in revenue growth expectations, WeChat cooperation, and innovative applications for growth.

Tencent Music reports solid Q2 earnings, eyes IoT growth

TME's Q2 performance showcased revenue growth, profitability improvements, and a shift in revenue sources. While facing challenges in certain service segments, the company is leveraging strategic partnerships and operational efficiencies to drive sustainable growth. TME is well-positioned to capitalize on IoT opportunities and continue its focus on content expansion and user experience enhancements.

Tencent Music reports robust Q3 results, eyes growth opportunities

TME's Q3 performance showcased strong growth in online music services and subscription revenues
Despite challenges in social entertainment, TME's financials improved with enhanced partnerships and technology capabilities
The company's focus on ESG initiatives, shareholder returns, and AI strategies positions it for future growth
TME's disciplined cost management and share repurchase program reflect a commitment to creating shareholder value

Tencent Music reports robust earnings, eyes growth through content and AI

TME's strong financial performance, focus on content value, and leveraging AI tools position the company for growth despite market challenges.
Efficient cost management, successful partnerships, and a commitment to social responsibility contribute to TME's resilience and competitive edge.
Opportunities in user engagement, technology adoption, and content innovation provide avenues for TME to drive future growth and profitability.
Balancing challenges like market dynamics and competition with strategic initiatives and innovation will be key for TME's success in 2024.

Tencent Music reports robust Q1 performance and growth strategies

Tencent Music Entertainment Group (TME) is strategically positioned for growth with a strong focus on user engagement, content development, and revenue diversification.
While facing challenges in areas like user retention and profitability optimization, TME's initiatives and business models present opportunities for sustained growth and market expansion.
By prioritizing shareholder value through dividend policy and aiming for sustainable long-term development, TME demonstrates a commitment to investor returns and strategic growth.

Tencent Music Entertainment Group reports stellar Q2 performance and eyes growth opportunities

TME's Q2 2024 performance reflects strong growth in online music services, net profit, and user engagement, supported by strategic initiatives.
While facing challenges in ARPPU growth and market competition, TME's financial strength, content popularity, and membership program present growth opportunities.
Management's focus on cost optimization, margin improvement, and future growth strategies underpins a positive outlook for TME in the second half of 2024.

Tencent Music reports robust Q3 earnings, eyes strategic growth

TME's Q3 performance reflects strong financial growth, user engagement, and strategic initiatives to enhance content offerings and membership benefits, positioning the company for continued success.
While facing challenges in a competitive market, TME's focus on financial stability, user experience, and content diversification presents opportunities for sustained growth and market leadership.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Tencent Music Entertainment Group engages in the business of operating online music entertainment platforms to provide music streaming, online karaoke, and live streaming services. Its product brands include QQ Music, Kugou Music, Kuwo Music, and WeSing. The company was founded on June 6, 2012 and is headquartered in Shenzhen, China.

Tencent Music Entertainment (TME) Q4 2023 Earnings Call Transcript

Fourth quarter music paying users up 20.6% with monthly ARPPU increased by 20.2% year-over-year Net adds of 18.2 million music paying users recorded in 2023, up from 12.3 million in 2022 SHENZHEN, China, March 19, 2024 /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 fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Total revenues were RMB6.89 billion (US$971 million), representing a 7.2% year-over-year decrease, mainly due to the decline in revenues from social entertainment services and others.

Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2023 Unaudited Financial Results

Clean Energy Fuels

Jerash holdings (US) Inc

Nerdy

Plug Power

Sirius XM Holdings Inc

There are some ripe bargains in the stock market this month, which has led to this list of under-$10 stocks to buy. It's fair to say these companies trade at attractive valuations, and many have low market caps too, increasing their attractiveness.

The Top 7 Under-$10 Stocks to Buy in March 2024

This German bank stock hit a buy point of a base and trades near a pivotal point. Tencent Music stock successfully tested a key level.

German Bank Stock Hits A High At Key Level; Tencent Music Rebounds To New High

SHENZHEN, China , Feb. 20, 2024 /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 fourth quarter and full year of 2023 before the U.S. market opens on Tuesday, March 19, 2024. TME's management will host a Tencent Meeting Webinar on Tuesday, March 19, 2024, at 7:00 A.M.

Tencent Music Entertainment Group to Report Fourth Quarter and Full Year 2023 Financial Results on March 19, 2024

Perion Network

Investors interested in stocks from the Internet - Content sector have probably already heard of Perion Network (PERI) and Tencent Music Entertainment Group Sponsored ADR (TME). But which of these two stocks presents investors with the better value opportunity right now?

PERI vs. TME: Which Stock Should Value Investors Buy Now?

Netflix

Spotify

2023 was, in many ways, a challenging year for the media industry. With the decline of traditional distribution channels such as physical media, movie theaters, and cable TV, content producers must shift their business models dramatically to adapt to the changing times.

3 Stocks to Bet on for the Future of Streaming

SHENZHEN, China , Jan. 3, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, and Universal Music Group ("UMG"), the world's leading music-based entertainment company, today announced the renewal of a multi-year strategic licensing agreement, fortifying their shared commitment to creating value for artists and exceptional experiences for music lovers. Under the agreement, TME continues to have access to UMG's music catalogue for QQ Music, Kugou Music, Kuwo Music, and WeSing.

Tencent Music Entertainment Group and Universal Music Group Extend Multi-year Strategic Licensing Agreement

Apple

AMC Entertainment

Alibaba

Coherus BioSciences

GameStop

HUYA Inc - ADR

Marathon Digital Holdings

Mullen Automotive

NetEase

NVIDIA

Tesla

The S&P 500 index SPX has three days left this year to try for a fresh record high, which in theory, shouldn't be so hard with a Santa Rally all but teed up.

2024 could turn into a ‘trader's market.' Here's how this strategist says you can make the most of that.

Tencent Music Entertainment Group Sponsored ADR (TME) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, TME broke through the 20-day moving average, which suggests a short-term bullish trend.

Tencent Music Entertainment Group Sponsored ADR (TME) Just Overtook the 20-Day Moving Average

Tencent Music Entertainment Group Sponsored ADR (TME) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, TME's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

Tencent Music Entertainment Group Sponsored ADR (TME) Just Flashed Golden Cross Signal: Do You Buy?

These music streaming stocks should be on your watchlist. What I like about these companies is that their valuations are fair, and many of them have great future prospects.

3 Music Streaming Stocks Set to Hit the Right Notes in 2024

Tencent Music Entertainment Group on Tuesday announced a 10.8% year-over-year decline in its third quarter 2023 revenue to 6.57 billion yuan (US$900.94 million), due mainly to falling revenue from social entertainment services and other sources.   Its top-line results, however, surpassed the analyst consensus forecast of 6.31 billion yuan, according to LSEG data.

Tencent Music 3Q revenue tops estimates as paid subscriptions surge

Tencent Music Entertainment Group (NYSE:TME ) Q3 2023 Earnings Conference Call November 14, 2023 6:00 AM ET Company Participants Millicent Tu - Investor Relations Kar Shun Pang - Executive Chairman Ross Liang - Chief Executive Officer Shirley Hu - Chief Financial Officer Conference Call Participants Alicia Yap - Citigroup Alex Poon - Morgan Stanley Zhang Lei - Bank of America Merrill Lynch Lincoln Kong - Goldman Sachs Thomas Chong - Jefferies Alex Yao - JPMorgan Xueqing Zhang - CICC Wei Xiong - UBS Millicent Tu Good evening, good morning. Welcome to Tencent Music Entertainment Group's Third Quarter 2023 Earnings Webinar.

Tencent Music Entertainment Group (TME) Q3 2023 Earnings Call Transcript

China's Tencent Music Entertainment beat estimates for third-quarter revenue on Tuesday, helped by steady growth in paid subscriptions on its music streaming platform.

China's Tencent Music beats revenue estimates on paid subscriber growth

SHENZHEN, China , Nov. 14, 2023 /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 third quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights Total revenues were RMB6.57 billion (US$900 million), representing a 10.8% year-over-year decrease, mainly due to the decline in revenues from social entertainment services and others.

Tencent Music Entertainment Group Announces Third Quarter 2023 Unaudited Financial Results

Tencent Music's live streaming business is under the regulatory spotlight this year. While online music subscriptions are outperforming, regulatory headwinds threaten to derail hopes of a turnaround. There's still earnings growth potential here, but at current levels, the risk/reward isn't great.

Tencent Music: Turnaround, Interrupted

SHENZHEN, China , Oct. 16, 2023 /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 third quarter of 2023 before the U.S. market opens on Tuesday, November 14, 2023. TME's management will host a Tencent Meeting Webinar on Tuesday, November 14, 2023, at 6:00 A.M.

Tencent Music Entertainment Group to Report Third Quarter 2023 Financial Results on November 14, 2023

Baidu

Bilibili

JD.com

KraneShares CSI China Internet ETF

Li Auto Inc.

XPeng

U.S.-listed shares of Chinese internet stocks were rising Friday, snapping back after two sessions of pressure.

Alibaba and other Chinese shares bounce back as China reportedly looks to re-energize its stock market

Gen Digital Inc

GoPro

SkyWater Technology

Zebra Technologies

While many investors are clamoring for the most popular tech stocks to buy, it's vital to recognize that many of these equities have already posted staggering gains. With the economic landscape currently dotted with concerns — from persistent inflation to alarming job cuts — it might be wise to turn our attention towards more inconspicuous opportunities.

Grab These 7 Winning Tech Stocks on Sale Now

Nokia

Novavax

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

5 Well-Known ‘Strong Buy' Stocks Under $10 Could Soar This Fall

In 2023, Chinese stocks have massively underperformed in developed markets contrary to expectations. Investors anticipated a lift from economic growth after the end of the COVID-19 lockdown measures, but this has yet to materialize.

The 3 Most Undervalued Chinese Stocks to Buy in September 2023

Tencent Music reported better-than-expected earnings results this week. China's leading music service provider is benefiting from broad demand for music streaming.

Why Tencent Music Entertainment Stock Was Up This Week

Tencent Music Entertainment Group (NYSE:TME ) Q2 2023 Results Conference Call August 15, 2023 8:00 AM ET Company Participants Tony Yip - Chief Strategy Officer Kar Shun Pang - Executive Chairman Ross Liang - Chief Executive Officer Shirley Hu - Chief Financial Officer Conference Call Participants Alex Yao - JPMorgan Lei Zhang - Bank of America Merrill Lynch Alex Poon - Morgan Stanley Lincoln Kong - Goldman Sachs Alicia Yap - Citicorp Thomas Chong - Jefferies Xueqing Zhang - CICC Tony Yip Good evening and good morning. Welcome to Tencent Music Entertainment Group's Second Quarter 2023 Earnings Webinar.

Tencent Music Entertainment Group (TME) Q2 2023 Earnings Call Transcript

Tencent Music Entertainment (TME), China's Spotify, has announced a significant surge in both subscribers and revenue. The Shenzhen-based firm, which owns platforms such as QQ Music, Kugo, and Kuwou, said its paying user base hit 99.4 million for the three months ended June 30, up 20% on the same period last year.

News for Tencent Music Entertainment Group Stock (TME)