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Tencent Music Entertainment Group (TME)

NYSE - NYSE Delayed Price. Currency in USD
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4.0900-0.0600 (-1.45%)
At close: 04:00PM EDT
4.0200 -0.07 (-1.71%)
Pre-Market: 05:56AM EDT
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MACD

MACD

Previous Close4.1500
Open4.3700
Bid4.0000 x 4000
Ask4.0400 x 3100
Day's Range3.9200 - 4.4150
52 Week Range2.9500 - 16.5300
Volume21,312,792
Avg. Volume20,219,835
Market Cap6.933B
Beta (5Y Monthly)1.13
PE Ratio (TTM)15.43
EPS (TTM)0.2650
Earnings DateAug 15, 2022 - Aug 19, 2022
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est12.46
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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9% Est. Return

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    Analyst Report: Tencent Music Entertainment GroupTME 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.
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  • Reuters

    UPDATE 3-Tencent Music's Q1 revenue downbeat, shares rise amid hopes for regulatory easing

    China's Tencent Music Entertainment posted a 15% slump in first-quarter revenue, matching expectations, but saw its shares join a sector-wide surge on Tuesday as hopes grew for a loosening of regulatory curbs on China's tech giants. As part of a broad clampdown on China's internet firms that began last year, regulators stripped Tencent Music of its exclusive contracts with big music labels, spurring competition from rivals like Cloud Music and Bytedance-owned short video sharing platform Douyin. Analysts said the revenue drop had been well flagged by Tencent Music, and shares gained 3.4% in after-hours New York trading as Chinese state media reported the country's top political consultative body was hosting a meeting on Tuesday with some firms on how to promote the digital economy.

  • Reuters

    Tencent Music's Q1 revenue downbeat, shares rise amid hopes for regulatory easing

    China's Tencent Music Entertainment posted a 15% slump in first-quarter revenue, matching expectations, but saw its shares join a sector-wide surge on Tuesday as hopes grew for a loosening of regulatory curbs on China's tech giants. As part of a broad clampdown on China's internet firms that began last year, regulators stripped Tencent Music of its exclusive contracts with big music labels, spurring competition from rivals like Cloud Music and Bytedance-owned short video sharing platform Douyin. Analysts said the revenue drop had been well flagged by Tencent Music, and shares gained 3.4% in after-hours New York trading as Chinese state media reported the country's top political consultative body was hosting a meeting on Tuesday with some firms on how to promote the digital economy.

  • PR Newswire

    Tencent Music Entertainment Group Announces First Quarter 2022 Unaudited Financial Results

    Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2022.

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