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Tencent Music Entertainment Group (TME)

8.26 +0.06 (+0.73%)
At close: September 4 at 4:00:02 PM EDT
8.25 -0.01 (-0.11%)
After hours: September 4 at 7:56:45 PM EDT
Trade TME on Coinbase
Chart Range Bar
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  • Previous Close 8.20
  • Open 8.26
  • Bid 8.25 x 1610000
  • Ask 8.30 x 590000
  • Day's Range 8.18 - 8.32
  • 52 Week Range 7.94 - 26.70
  • Volume 4,392,361
  • Avg. Volume 9,430,968
  • Market Cap (intraday) 13.462B
  • Beta (5Y Monthly) 0.82
  • PE Ratio (TTM) 9.72
  • EPS (TTM) 0.85
  • Earnings Date Nov 11, 2026
  • Forward Dividend & Yield 0.24 (2.91%)
  • Ex-Dividend Date Apr 2, 2026
  • 1y Target Est 13.18

Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. It provides QQ Music, Kugou Music, and Kuwo Music that enable users to discover, enjoy, and share 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 audience base; and Lazy Audio, an audio platform. In addition, it sells artist-related merchandise, such as branded apparel, posters and art prints, and accessories; other music services, such as content licensing, sales of digital albums, sales of customized artist-related merchandises, live performances and concerts, and artist management services; and music subscriptions, as well as offers advertising services across its social entertainment platforms. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group operates as a subsidiary of Tencent Holdings Limited.

www.tencentmusic.com

5,690

Full Time Employees

December 31

Fiscal Year Ends

Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is HANG SENG INDEX (^HSI) .

YTD Return

TME
51.97%
HANG SENG INDEX (^HSI)
0.08%

1-Year Return

TME
66.03%
HANG SENG INDEX (^HSI)
2.36%

3-Year Return

TME
23.46%
HANG SENG INDEX (^HSI)
36.12%

5-Year Return

TME
2.95%
HANG SENG INDEX (^HSI)
0.97%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 8.93B
Earnings 2.47B
Profit Margin 27.66%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
2B
4B
6B
8B
25.5%
26.0%
26.5%
27.0%
27.5%

Analyst Insights

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Analyst Price Targets

9.05
13.18 Average
8.26 Current
26.73 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 8/12/2026
Analyst China Renaissance
Rating Action Downgrade
Rating Hold
Price Action Announces
Price Target 9.3

Statistics

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Valuation Measures

Annual
As of 9/3/2026
  • Market Cap

    13.53B

  • Enterprise Value

    11.48B

  • Trailing P/E

    9.64

  • Forward P/E

    8.14

  • PEG Ratio (5yr expected)

    1.15

  • Price/Sales (ttm)

    2.54

  • Price/Book (mrq)

    1.15

  • Enterprise Value/Revenue

    2.27

  • Enterprise Value/EBITDA

    6.85

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    26.28%

  • Return on Assets (ttm)

    5.60%

  • Return on Equity (ttm)

    10.97%

  • Revenue (ttm)

    33.93B

  • Net Income Avi to Common (ttm)

    8.92B

  • Diluted EPS (ttm)

    0.85

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    30.65B

  • Total Debt/Equity (mrq)

    20.83%

  • Levered Free Cash Flow (ttm)

    7.14B

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Company Insights

Fair Value

8.26 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

Research Reports

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  • Tencent Music Earnings: Selloff Overshoots Ximalaya Costs and Near-Term Subscriber Softness

    Tencent Music is the largest online music streaming platform in China, established in 2016 through the merger of QQ Music, Kuwo Music, and Kugou Music. Tencent, its largest shareholder, holds over 50% of the shares and more than 90% of the voting rights. Beyond streaming services, Tencent Music generates revenue through a diverse range of offerings, including podcasts, livestreaming, concerts, and karaoke.

    Rating
    Price Target
  • Tencent Music Earnings: Soda Bites but Doesn't Break; Ximalaya Deal Clears With Workable Constraints

    Tencent Music is the largest online music streaming platform in China, established in 2016 through the merger of QQ Music, Kuwo Music, and Kugou Music. Tencent, its largest shareholder, holds over 50% of the shares and more than 90% of the voting rights. Beyond streaming services, Tencent Music generates revenue through a diverse range of offerings, including podcasts, livestreaming, concerts, and karaoke.

    Rating
    Price Target
  • Despite Soda's Threat, Tencent Music Positioned for Growth With Upside for Subscribers and Pricing

    Tencent Music is the largest online music streaming platform in China, established in 2016 through the merger of QQ Music, Kuwo Music, and Kugou Music. Tencent, its largest shareholder, holds over 50% of the shares and more than 90% of the voting rights. Beyond streaming services, Tencent Music generates revenue through a diverse range of offerings, including podcasts, livestreaming, concerts, and karaoke.

    Rating
    Price Target
  • Tencent Music Earnings: Core Paying Base Intact Despite Soda Music Noise; Shares Very Undervalued

    Tencent Music is the largest online music streaming platform in China, established in 2016 through the merger of QQ Music, Kuwo Music, and Kugou Music. Tencent, its largest shareholder, holds over 50% of the shares and more than 90% of the voting rights. Beyond streaming services, Tencent Music generates revenue through a diverse range of offerings, including podcasts, livestreaming, concerts, and karaoke.

    Rating
    Price Target

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