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Tencent Music Entertainment Group (TME)
Pre-Market:
Chart Events
Performance Outlook
| Previous Close | 4.1500 |
| Open | 4.3700 |
| Bid | 4.0000 x 4000 |
| Ask | 4.0400 x 3100 |
| Day's Range | 3.9200 - 4.4150 |
| 52 Week Range | 2.9500 - 16.5300 |
| Volume | |
| Avg. Volume | 20,219,835 |
| Market Cap | 6.933B |
| Beta (5Y Monthly) | 1.13 |
| PE Ratio (TTM) | 15.43 |
| EPS (TTM) | 0.2650 |
| Earnings Date | Aug 15, 2022 - Aug 19, 2022 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 12.46 |
Fair Value
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Related Research
- Tencent Music Entertainment GroAnalyst 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.RatingFair ValueEconomic Moat19 hours agoMorningstar
- 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.
