- Previous Close
13.51 - Open
13.92 - Bid 13.55 x 1300
- Ask 13.56 x 1000
- Day's Range
13.43 - 14.01 - 52 Week Range
6.22 - 15.77 - Volume
3,161,644 - Avg. Volume
10,253,514 - Market Cap (intraday)
22.373B - Beta (5Y Monthly) 0.65
- PE Ratio (TTM)
26.54 - EPS (TTM)
0.51 - Earnings Date Nov 11, 2024 - Nov 26, 2024
- Forward Dividend & Yield 0.14 (1.01%)
- Ex-Dividend Date May 31, 2024
- 1y Target Est
13.86
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 music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base; and Lazy Audio, an audio platform. In addition, it sells music-related merchandise; and artist-related merchandise, such as branded apparel, posters and art prints, and accessories and integrated and technology-driven music solutions that help IoT device manufacturers build and operate their branded music services on their IoT devices, as well as offers advertising services across its online karaoke platform and online music apps. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
www.tencentmusic.com5,185
Full Time Employees
December 31
Fiscal Year Ends
Sector
Internet Content & Information
Industry
Recent News: TME
View More
Performance Overview: TME
Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: TME
Select to analyze similar companies using key performance metrics; select up to 4 stocks.
Statistics: TME
View MoreValuation Measures
Market Cap
22.33B
Enterprise Value
19.70B
Trailing P/E
26.76
Forward P/E
17.27
PEG Ratio (5yr expected)
0.88
Price/Sales (ttm)
5.43
Price/Book (mrq)
2.62
Enterprise Value/Revenue
5.06
Enterprise Value/EBITDA
18.78
Financial Highlights
Profitability and Income Statement
Profit Margin
20.36%
Return on Assets (ttm)
4.97%
Return on Equity (ttm)
10.20%
Revenue (ttm)
27.39B
Net Income Avi to Common (ttm)
5.58B
Diluted EPS (ttm)
0.51
Balance Sheet and Cash Flow
Total Cash (mrq)
24.55B
Total Debt/Equity (mrq)
9.59%
Levered Free Cash Flow (ttm)
5.4B
Research Analysis: TME
View MoreCompany Insights: TME
TME does not have Company Insights
Research Reports: TME
View MoreTencent Music Earnings: Management Lifts 2024 Outlook, Announces New Pricing Strategy
Tencent Music is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
RatingPrice TargetTencent Music Earnings: Management Lifts 2024 Outlook, Announces New Pricing Strategy
Tencent Music is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
RatingPrice TargetTencent Music Earnings: Management Lifts 2024 Outlook, Announces New Pricing Strategy
Tencent Music is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
RatingPrice TargetTencent Music Earnings: A Melody of Margin Expansion and Shareholder Returns
Tencent Music is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
RatingPrice Target