TME - Tencent Music Entertainment Group

NYSE - NYSE Delayed Price. Currency in USD
13.49
-0.18 (-1.32%)
At close: 4:02PM EDT
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Previous Close13.67
Open13.56
Bid13.34 x 2900
Ask13.50 x 1100
Day's Range13.38 - 13.77
52 Week Range11.81 - 19.97
Volume3,985,659
Avg. Volume5,913,746
Market Cap22.029B
Beta (3Y Monthly)N/A
PE Ratio (TTM)41.64
EPS (TTM)0.32
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est16.83
Trade prices are not sourced from all markets
  • Thomson Reuters StreetEvents

    Edited Transcript of TME.N earnings conference call or presentation 13-Aug-19 12:00am GMT

    Q2 2019 Tencent Music Entertainment Group Earnings Call

  • Tencent Music Entertainment's Slowing Growth Spooks the Bulls
    Motley Fool

    Tencent Music Entertainment's Slowing Growth Spooks the Bulls

    Can the growth of the Chinese streaming music giant's karaoke app offset the slowdown in its digital music platforms?

  • Motley Fool

    What Happened in the Stock Market Today

    Stocks rose after the U.S. backed off on Chinese tariff threats. Meanwhile, JD.com and Tencent Music Entertainment reported better-than-expected Q2 results.

  • Tencent Music Earnings, Revenue Beat Estimates, But Stock Wavers
    Investor's Business Daily

    Tencent Music Earnings, Revenue Beat Estimates, But Stock Wavers

    Tencent Music Entertainment earnings and revenue for the second quarter topped Wall Street estimates, but the stock wavered for the China-based provider of music streaming services.

  • Benzinga

    Bank Of America Expects Tencent Music Group's Margin Expansion To Decelerate

    Tencent Music Entertainment Group (NYSE: TME ) could achieve strong growth in music subscription sales in the 2019-2021 timeframe, its margin expansion is likely to decelerate as the company continues ...

  • TME Is Down as Its Growth Continues to Slow
    Market Realist

    TME Is Down as Its Growth Continues to Slow

    Chinese music streaming giant Tencent Music Entertainment (TME) reported its second-quarter earnings results after the closing bell on August 12.

  • Companies to watch: GE execs buy shares, JD.com crushes expectations, Tencent Music misses estimates
    Yahoo Finance

    Companies to watch: GE execs buy shares, JD.com crushes expectations, Tencent Music misses estimates

    General Electric, JD.com, Tencent Music, Advance Auto Parts and CIT Group are the companies to watch on Tuesday, August 13, 2019.

  • Tencent Music (TME) Q2 Earnings Beat, Revenues Improve Y/Y
    Zacks

    Tencent Music (TME) Q2 Earnings Beat, Revenues Improve Y/Y

    Tencent Music's (TME) second-quarter 2019 results benefit from expanding paid mobile subscriber base.

  • TheStreet.com

    Tencent Music Shares Slide After Q2 Earnings Show Slowing User Revenue Growth

    Tencent Music Entertainment shares were indicated lower in pre-market trading Tuesday after the China-focused music streaming platform posted weaker-than-expected second quarter revenues and slowing user spending.

  • Tencent Music Entertainment Group (TME) Q2 2019 Earnings Call Transcript
    Motley Fool

    Tencent Music Entertainment Group (TME) Q2 2019 Earnings Call Transcript

    TME earnings call for the period ending June 30, 2019.

  • TME Stock Slumps More than 7% in After-Hours Trading
    Market Realist

    TME Stock Slumps More than 7% in After-Hours Trading

    Shares of China’s music streaming giant Tencent Music (TME) were down more than 7.0% after-hours today. But why did they fall after strong earnings results?

  • ACCESSWIRE

    Tencent Music Entertainment Group to Host Earnings CalL

    NEW YORK, NY / ACCESSWIRE / August 12, 2019 / Tencent Music Entertainment Group (NYSE: TME ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 12, 2019 ...

  • MarketWatch

    Shares of TME tumble 8% on flat mobile user growth, dip in monthly APRU

    Shares of Tencent Music Entertainment Group tumbled more than 8% on Monday after it announced second-quarter results that mirrored analysts' expectations but flat mobile monthly active user growth and a dip in monthly average revenue per user. The company said revenue grew 31% to $859 million. Net income was $135 million, an increase of 2.5% year-over-year. Analysts polled by FactSet had expected $858 million and $117 million, respectively. Still, mobile MAUs grew just 1% to 652 million and monthly ARPU dipped 1%. TME shares are up 9% this year, vs. a 15% gain for the S&P 500 Index .

  • PR Newswire

    Tencent Music Entertainment Group Announces Second Quarter 2019 Unaudited Financial Results

    SHENZHEN, China , Aug. 12, 2019 /PRNewswire/ --Tencent Music Entertainment Group (" Tencent Music", "TME", or the "Company") (NYSE: TME), the leading online music entertainment ...

  • NetEase's Sales Growth Decelerates Again, but its Profit Soars
    Motley Fool

    NetEase's Sales Growth Decelerates Again, but its Profit Soars

    Should investors buy this Chinese tech stock as trade jitters batter the market?

  • Tencent May Buy a Big Stake in Universal Music Group
    Motley Fool

    Tencent May Buy a Big Stake in Universal Music Group

    Such a move would help the tech giant reinforce its leading position in China’s evolving music market.

  • Lady Gaga’s Label Finally Finds a Chinese Bandmate
    Bloomberg

    Lady Gaga’s Label Finally Finds a Chinese Bandmate

    (Bloomberg Opinion) -- Vivendi SA’s seemingly discordant search for an investor in Universal Music Group seems finally to have struck a positive note.The French media conglomerate is in preliminary talks to sell a 10% stake in the world’s biggest record label to Chinese tech giant Tencent Holdings Ltd., the Paris-based firm said on Tuesday. The deal would give the star asset – whose stable of artists include Lady Gaga, Taylor Swift, Kendrick Lamar and U2 – an equity valuation of 30 billion euros ($34 billion).The discussions come just over a year after Vivendi said it planned to sell as much as 50% of UMG: the process has been very much an adagio. An impending agreement will therefore be welcomed by shareholders.The tie-up makes a lot of sense for Vivendi, which is controlled by the billionaire Vincent Bollore. It highlights the underlying value of UMG and secures a new partner that might help it expand in China.Before Tuesday’s announcement, Vivendi’s total market capitalization was just 29 billion euros. A subsequent stock crescendo pushed that beyond the UMG valuation, but still implies that assets accounting for about 40% of profit – spanning the Canal+ broadcast group, Havas advertising agency, Gameloft video game studio, Editis publishing house and more – represent a far smaller fraction of the company’s overall value.The sticker price for UMG might be generous. Private equity investors had backed out earlier this year after balking at the price, Bloomberg News reported.  Tencent’s offer is in the middle of the broad span of valuations for the business, which ranged from as little as 20 billion euros to as much as 44 billion euros. Still, for the Chinese giant, 3 billion euros is a negligible price to pay for a seat at the music industry’s top table and to secure preferential treatment as it expands into new markets. It has $26 billion in cash and analysts forecast $15 billion of free cash flow this year.Strategically, Tencent is a more useful partner for Vivendi than other mooted (if unlikely) investors: Apple Inc. or Alphabet Inc.’s Google. Asia represented just 13% of UMG’s 2018 sales – there’s plenty of room for growth. Tencent Music Entertainment Group, which the Chinese firm controls, owns some of the country’s biggest music streaming services.Vivendi is optimistic that Tencent, with its dominant social network and keen understanding of the Chinese market, can help it expand in the region. It will be interesting to see how or if that works in practice. And other strategic players from the tech industry might be dissuaded from investing now that Tencent is involved, particularly at the same valuation. The concern for investors might be that this deal is the apotheosis for UMG in terms of external investment. It’s well short of the target to sell up to half of the firm. Nonetheless, Vivendi's stock had pared gains this year, partly due to concern about finding any investor at all for the label. Tencent might let the tempo pick up again.\--With assistance from Tim Culpan.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Stephanie Baker at stebaker@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Tencent-Vivendi Deal Will Give Universal Music a Boost in Asia
    Bloomberg

    Tencent-Vivendi Deal Will Give Universal Music a Boost in Asia

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Tencent Holdings Ltd. plans to buy 10% of Universal Music Group from Vivendi SA in a deal that would value the world’s biggest music company at $34 billion and help it tap fast-growing Asian markets.The discussions with China’s most valuable company will reinvigorate the French media giant’s efforts to find new partners for its most successful business. But they may also sound alarms in the U.S., the world’s biggest music market, amid a deepening trade war with China.A surge in subscription music streaming has revived the fortunes of big music labels in Western markets, and Universal is now looking for further growth. Vivendi said it’s discussing cooperation with Tencent and wants the Chinese company to promote Universal’s stable of artists -- including Drake, Taylor Swift and U2 -- and identify talent in new markets.“Tencent as a partner will boost UMG’s value because of the access it provides in China,” said Vey-Sern Ling, a Bloomberg Intelligence analyst based in Hong Kong. A purely financial investor may have to pay more than Tencent would pay for its stake, Ling said. The companies are discussing a deal that would value all of Universal Music at 30 billion euros ($34 billion).Vivendi shares rose as much as 9% in early trading Tuesday and were up 6.6% at 25.6 euros as of 12:20 p.m. in Paris.Trade TensionVivendi sees little risk that the U.S. authorities could block the deal as part of Washington’s wider trade conflict with Beijing, because the Tencent stake is limited to 10% for now, two people with knowledge of the companies’ discussions said. In its statement Tuesday, Vivendi said Tencent could double its holding on the same terms within one year.The French company has struggled to draw interest from private-equity firms, and Bloomberg reported in May that Vivendi was targeting strategic buyers including Tencent. The preliminary discussions with the Chinese company are likely to stir interest from other potential partners.Streaming is helping the music industry recover from a slump caused by illegal downloading and a collapse in CD sales. Universal Music now contributes around 44% of Vivendi’s revenue. Universal Music’s sales rose by around 19% in the first half, helped by releases from artists including the 17-year-old singer Billie Eilish and the Japanese band King & Prince.What Bloomberg Intelligence Says:Vivendi’s planned sale of as much as 50% of Universal Music could yield a potential windfall of $10-15 billion, with a large chunk of any proceeds probably directed toward a share-repurchase program that’s already set for a big boost.-- Matthew Bloxham, media analystClick here for the researchTencent, China’s largest social-media company, is also big in streaming. Last year it floated its Tencent Music Entertainment Group, whose growth in China mirrors that of Spotify Technology SA in the U.S. and Europe.While Spotify relies heavily on paid subscriptions, last year Tencent Music generated 71% of its revenue from a category called “social entertainment” -- things like online live music and interviews with celebrities. Tencent already works with Universal Music on distribution and marketing in China under a cooperation deal sealed in 2017.“Having a toe-hold in Universal would allow Tencent to ensure Universal’s content is always available to TME and even to Spotify, in which Tencent owns a stake,” said Sumeet Singh, an analyst with Singapore-based Aequitas Research.Universal Music’s growth has helped offset a weaker performance at Vivendi’s other businesses. The company’s market value at Monday’s close was 29.2 billion euros, less than the music unit’s equity value of 30 billion euros implied by the Tencent deal. Other Vivendi units include Havas SA, an advertising group, and the broadcaster Canal Plus.Vivendi’s board and its biggest shareholder, French billionaire Vincent Bollore, “continue to be steadfast supporters of our strategy, our work and our teams,” Universal Music’s Chief Executive Officer Lucian Grainge told staff in a memo seen by Bloomberg News and confirmed by a company spokesman.(Adds context throughout.)\--With assistance from Gaurav Panchal, Stefan Nicola, Zheping Huang, Angelina Rascouet and Cecilia Esquivel.To contact the reporters on this story: Thomas Pfeiffer in London at tpfeiffer3@bloomberg.net;Angelina Rascouet in Paris at arascouet1@bloomberg.netTo contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, Paul SillitoeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Should You Buy Tencent Music Stock Before Earnings?
    Motley Fool

    Should You Buy Tencent Music Stock Before Earnings?

    One analyst likes the sound of that idea.

  • Spotify (SPOT) Q2 Report Before Bell: Can User Growth Continue?
    Zacks

    Spotify (SPOT) Q2 Report Before Bell: Can User Growth Continue?

    Spotify is the global leader in subscription-based music streaming. SPOT has rallied over 35% this year so far and still about 22% off its all-time highs.

  • DouYu Ends First Day at Its Offer Price in $775 Million IPO
    Bloomberg

    DouYu Ends First Day at Its Offer Price in $775 Million IPO

    (Bloomberg) -- Chinese video-game live-streaming platform DouYu International Holdings Ltd. ended flat in its trading debut after its $775 million U.S. initial public offering.Shares of the company, backed by Tencent Holdings Ltd., closed their first day of trading Wednesday at $11.50, the same price as when they were sold in its IPO on Tuesday.DouYu, which delayed its listing amid market jitters in May, sold 44.9 million American depository shares and its investors sold another 22.5 million. The shares, which which had been priced at the bottom of the marketed range, opened down 4.2% and never rose more than 0.4% on Wednesday.The offering, which valued DouYu at $3.73 billion, was the biggest cross-border listing from China since Tencent Music Entertainment Group raised $1.07 billion in its U.S. IPO in December.DouYu, one of China’s top two video-game live-streaming platforms, initially planned to start its IPO roadshow in May but postponed it following President Donald Trump’s threat to boost tariffs on China, people familiar with the matter said at the time. The Wuhan-based company had filed for its IPO on April 22, almost a year after its biggest competitor, Huya Inc., went public in the U.S.DouYu had net income of $2.7 million on revenue of $222 million in the first quarter, according to its filings with the U.S. Securities and Exchange Commission. That compared with a loss of about $23 million on revenue of $97 million during the same period last year.Existing investors that sold shares in the IPO included Aodong Investments and Co-Chief Executive Officer and co-founder Zhang Wenming, according to the company’s filings.Morgan Stanley, JPMorgan Chase & Co., Bank of America Corp. and CMB International Capital Ltd. led the offering. The shares are trading on the Nasdaq Global Select Market under the symbol DOYU.(Updates with closing share price in second paragraph)\--With assistance from Crystal Tse.To contact the reporters on this story: Michael Hytha in San Francisco at mhytha@bloomberg.net;Yueqi Yang in New York at yyang492@bloomberg.netTo contact the editors responsible for this story: Polina Noskova at pnoskova@bloomberg.net, ;Liana Baker at lbaker75@bloomberg.net, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PR Newswire

    Tencent Music Entertainment Group to Report Second Quarter 2019 Financial Results on August 12, 2019 Eastern Time

    SHENZHEN, China , July 17, 2019 /PRNewswire/ -- Tencent Music Entertainment Group (" Tencent Music", "TME", or the "Company") (NYSE: TME), the leading online music entertainment ...

  • Tencent Music shares rally after tariff delays
    Yahoo Finance Video

    Tencent Music shares rally after tariff delays

    Yahoo Finance's Dan Roberts, Scott Gamm, and Anjalee Khemlani discuss the Tencent Music pop after news that President Trump will be delaying promised tariffs on China.

  • Companies to Watch: GE execs buy shares, JD.com crushes expectations, Tencent Music misses estimates
    Yahoo Finance Video

    Companies to Watch: GE execs buy shares, JD.com crushes expectations, Tencent Music misses estimates

    General Electric, JD.com, Tencent Music, Advance Auto Parts and CIT Group are the companies to watch.