16.10 -0.22 (-1.35%)
After hours: 6:07PM EDT
|Bid||16.36 x 1200|
|Ask||16.25 x 1400|
|Day's Range||16.21 - 17.41|
|52 Week Range||9.22 - 17.97|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||50.37|
|Earnings Date||Aug 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||104.17|
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Tencent Music Entertainment Group ("Tencent Music", "TME", or the "Company") (NYSE: TME), the leading online music entertainment platform in China, today announced that it will report its unaudited financial results for the second quarter of 2020 after the U.S. market closes on Monday, August 10, 2020.
Today, Tencent Music Entertainment (TME) (NYSE:TME) announced it will be the exclusive strategic partner in China of Global Goal: Unite for Our Future—The Concert, a globally televised and digitally streamed special that will highlight the disproportionate impact COVID-19 has on marginalized communities and support equal access to COVID-19 care. The program will stream on QQ Music, Kugou Music, Kuwo Music and WeSing at 12 p.m., July 8 via TME live.
Tencent Music Entertainment Group (TME) (NYSE:TME) has established a strategic partnership with CoMix Wave Films Inc. (CWF), a leading Japanese animated movie studio and distribution company known especially for the works of Makoto Shinkai and Jiro Tsunoda. Under this new partnership, the original soundtracks from 17 popular animated movies, including 5 Centimeters per Second and The Garden of Words, both directed by Makoto Shinkai, will go live on TME's music platforms - QQ Music, Kugou Music, Kuwo Music and WeSing.
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It is going to be a painful year for the global music industry as concerts get shelved, but the best has yet to come, says Goldman Sachs.
Now I will turn the conference over to your speaker host today, Ms. Millicent T. Please go ahead, ma'am. Tencent Music announced its quarterly financial results today after the market close. Today, you'll hear from Mr. Cussion Pang, our CEO, who will start the call with an overview of our recent achievements and growth strategies.
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Tencent Music stock dropped in late trading after the China-based provider of streaming music services reported quarterly results that beat on earnings but missed estimates on revenue.
The coronavirus outbreak weighed on costs at Tencent Music Entertainment, China’s largest online music business. But the stay-at-home orders helped the group to increase its paying subscriber numbers. For the first three months of the year, revenues the company showed revenues gaining by 10% to RMB6.31 billion ($891 million), and net profits down 10% to […]
Listeners of podcasts, audiobooks and other audio shows are estimated to number 542 million in China this year, according to a third-party survey by marketing firm iiMedia. The group's main line of businesses goes beyond music streaming to encompass virtual karaoke, live streaming and audio content; a category that has recently seen a big push from the firm. In its newly released quarterly report, TME said it has made "significant progress in expanding" its audio library by adding thousands of new adaptions from popular IP pieces and works from independent producers.
Monthly average revenue per subscriber paying for the company's social entertainment services fell 13% in the first quarter ended March 31. Tencent Music, controlled by Chinese tech giant Tencent Holdings <0700.HK>, gets nearly three quarters of its revenue from this business, unlike peers including Spotify <SPOT.N> who make most of their money from music subscriptions. Tencent Music, which had warned of soft first-quarter sales in March, said revenue in the period rose about 10% to 6.31 billion yuan ($889 million).
Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2020.
China’s Tencent Music has completed an investment in Radio Music Warehouse, a music-for-business company that distributes content to shops offices and other workplaces. The deal was announced this week with few financial terms disclosed. One of the few details shows that Tencent has been granted the right to increase its stake to a position of […]
Tencent Music Entertainment (TME) (NYSE: TME) announced it has completed an equity investment in Radio Music Warehouse, a leading music company that provides music streaming solutions to business use in China, on April 27. TME has also obtained a right to further increase its shareholdings to controlling stake in the company. Upon completion of the transaction, TME will provide Radio Music with access to a rich and diversified music library to meet the personalized demands of its customers. At the same time, TME will promote and distribute its high quality music content, via the hundreds of thousand offline spots in China that is using Radio Music's in-store music solutions.
Tencent Music Entertainment Group ("Tencent Music", "TME", or the "Company") (NYSE: TME), the leading online music entertainment platform in China, today announced that it will report its unaudited financial results for the first quarter of 2020 after the U.S. market closes on Monday, May 11, 2020.
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Lockdowns and travel retrictions prompted by the new coronavirus have been a boon to JOOX, Chinese tech giant Tencent's international music streaming platform, driving traffic to its karaoke services up by as much as 50%, an executive said. Launched in 2015, JOOX is an overseas version of China's top music streaming company Tencent Music Entertainment Group and marks the gaming and social media group's international challenge to bigger rivals such as Spotify Technology SA. JOOX, which operates in Southeast Asia, Hong Kong and South Africa, is already vying for the top spot in music streaming services with Alphabet Inc's Youtube Music and Spotify in Indonesia, Malaysia and Thailand.
Vivendi has closed the sale of 10% of its subsidiary Universal Music Group to a consortium led by the Chinese tech giant Tencent. The deal, which was announced in December, values UMG at €30 billion ($33 billion). As part of the agreement, the consortium - which includes Tencent Music Entertainment, as well as other financial […]