Tencent Music Entertainment Group (TME) stock price, financials & research

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GoAI snapshot

AI-powered factor overview

Jul 10, 2026

54/100

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

84

Deep Value

Momentum

25

Weakening

Sentiment

53

Mixed

Risk resilience

53

Elevated Risk

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Company profile

Company website

Tencent Music Entertainment Group (TME) is a premier operator of online music entertainment platforms across the People's Republic of China, offering a range of services including music streaming, digital karaoke, and live interactive broadcasting. Its offerings encompass popular streaming platforms like QQ Music, Kugou Music, and Kuwo Music, which facilitate personalized music discovery and listening for users. The company also developed WeSing, an engaging application that allows users to sing, socialize with friends, share their performances, and explore songs sung by others. Furthermore, TME runs interactive live broadcasting platforms, notably Kugou Live and Kuwo Live, providing an online venue for performers to exhibit their talents and interact with their audience. Kuwo Changting acts as a specialized audio content platform, featuring diverse spoken word entertainment such as audiobooks, traditional cross-talk, and radio dramas. Beyond its digital services, TME sells music-related hardware, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi audio systems. It also handles online ticketing for music events and partners with manufacturers of smart devices and automobiles to embed and manage music services within their products and vehicles. Tencent Music Entertainment Group maintains a strategic partnership with China Literature. Headquartered in Shenzhen, China, the company functions as a subsidiary of Tencent Holdings Limited.

Industry: Internet Content & Information
Sector: Communication Services
Headquarters: CN
CEO: Zhu Liang
Listed since: Dec 12, 2018
Employees: 5,690

Market position

Day range

Current $8.80

$8.77$8.985

52-week range

Current $8.80

$7.94$26.70

Open: $8.88
Previous close: $8.85
Volume: 8.86M; 0.9× average
Average volume: 9.8M; Average daily volume
Market cap: 13.53B USD
Beta: 0.84; Market reference 1
50-day average: $8.9376; -1.54% below average
200-day average: $12.759; -31.03% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 183.32B CNY
EV / EBITDA: 12.41×
Earnings yield: 5.88%
Free cash flow yield: 5.25%

Profitability & efficiency

Return on equity: 13.76%
Return on assets: 10.78%
Return on invested capital: 9.45%

Financial health

Current ratio: 2.22×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

32.9B CNY+15.85%

Operating income

9.74B CNY+11.79%

Net income

11.06B CNY+66.41%

Metric (CNY)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	32.9B CNY	28.4B CNY	27.75B CNY	28.34B CNY	31.24B CNY
Cost of goods sold	18.37B CNY	16.38B CNY	17.96B CNY	19.57B CNY	21.84B CNY
Gross profit	14.54B CNY	12.03B CNY	9.8B CNY	8.77B CNY	9.4B CNY
Research and development	2.32B CNY	—	2.53B CNY	2.58B CNY	—
Selling, general, and administrative	2.54B CNY	4.68B CNY	5.02B CNY	5.56B CNY	6.69B CNY
Operating expenses	4.8B CNY	3.32B CNY	3.74B CNY	4.33B CNY	5.6B CNY
Interest income	1.05B CNY	1.2B CNY	1.05B CNY	711M CNY	530M CNY
Interest expense	122M CNY	124M CNY	124M CNY	115M CNY	121M CNY
Depreciation and amortization	1.38B CNY	978M CNY	720M CNY	1.16B CNY	1B CNY
Operating income	9.74B CNY	8.71B CNY	6.06B CNY	4.44B CNY	3.8B CNY
Net income	11.06B CNY	6.64B CNY	4.92B CNY	3.68B CNY	3.03B CNY