TME Stock - Tencent Music Entertainment Group
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $28.40B | $27.75B | $28.34B | $31.24B | $29.15B |
| Gross Profit | $12.03B | $9.79B | $8.77B | $9.40B | $9.30B |
| Gross Margin | 42.3% | 35.3% | 31.0% | 30.1% | 31.9% |
| Operating Income | $8.71B | $6.06B | $4.44B | $3.80B | $4.71B |
| Net Income | $6.64B | $4.92B | $3.68B | $3.03B | $4.16B |
| Net Margin | 23.4% | 17.7% | 13.0% | 9.7% | 14.3% |
| EPS | $4.30 | $3.16 | $2.30 | $1.82 | $2.50 |
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 28th 2025 | BofA Securities | Resumed | Neutral | $25 |
| August 12th 2025 | Daiwa Securities | Upgrade | Outperform | - |
| March 26th 2025 | Deutsche Bank | Upgrade | Buy | - |
| January 21st 2025 | Morgan Stanley | Upgrade | Overweight | - |
| November 6th 2024 | Barclays | Initiation | Overweight | $16 |
| November 4th 2024 | Bernstein | Initiation | Outperform | $14 |
| September 25th 2024 | Morgan Stanley | Downgrade | Equal Weight | $13 |
| August 13th 2024 | Daiwa Securities | Downgrade | Neutral | - |
| March 20th 2024 | Goldman | Upgrade | Buy | $14 |
| March 20th 2024 | Citigroup | Upgrade | Buy | $13← $9 |
| February 5th 2024 | CLSA | Initiation | Outperform | $10.5 |
| February 5th 2024 | Redburn Atlantic | Initiation | Buy | $12 |
| January 24th 2024 | UBS | Upgrade | Buy | $10.5 |
| November 16th 2023 | JP Morgan | Upgrade | Overweight | - |
| July 31st 2023 | Citigroup | Downgrade | Neutral | $7.5← $9.7 |
Earnings History & Surprises
TMEEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 11, 2026 | — | — | — | — |
Q1 2026 | Mar 17, 2026 | $0.23 | — | — | — |
Q4 2025 | Nov 12, 2025 | $0.21 | $0.22 | +4.8% | ✓ BEAT |
Q3 2025 | Aug 12, 2025 | $0.20 | $0.23 | +15.0% | ✓ BEAT |
Q2 2025 | May 13, 2025 | $0.19 | $0.19 | 0.0% | = MET |
Q1 2025 | Mar 18, 2025 | $0.19 | $0.20 | +5.3% | ✓ BEAT |
Q4 2024 | Nov 12, 2024 | $0.17 | $0.16 | -5.9% | ✗ MISS |
Q3 2024 | Aug 13, 2024 | $0.15 | $0.15 | -2.6% | ✗ MISS |
Q2 2024 | May 13, 2024 | $0.13 | $0.13 | -2.7% | ✗ MISS |
Q1 2024 | Mar 19, 2024 | $0.13 | $0.12 | -8.2% | ✗ MISS |
Q4 2023 | Nov 14, 2023 | $0.11 | $0.10 | -6.5% | ✗ MISS |
Q3 2023 | Aug 15, 2023 | $0.12 | $0.11 | -6.9% | ✗ MISS |
Q2 2023 | May 16, 2023 | $0.10 | $0.11 | +4.2% | ✓ BEAT |
Q1 2023 | Mar 21, 2023 | $0.11 | $0.10 | -8.5% | ✗ MISS |
Q4 2022 | Nov 15, 2022 | $0.08 | $0.09 | +9.4% | ✓ BEAT |
Q3 2022 | Aug 15, 2022 | $0.07 | $0.08 | +8.2% | ✓ BEAT |
Q2 2022 | May 16, 2022 | $0.07 | $0.06 | -18.9% | ✗ MISS |
Q1 2022 | Mar 21, 2022 | $0.08 | $0.08 | 0.0% | = MET |
Q4 2021 | Nov 8, 2021 | $0.07 | $0.09 | +28.6% | ✓ BEAT |
Q3 2021 | Aug 16, 2021 | $0.10 | $0.10 | 0.0% | = MET |
Latest News
Benchmark Maintains Buy on Tencent Music Enter Gr, Lowers Price Target to $25
📈 PositiveBarclays Maintains Overweight on Tencent Music Enter Gr, Raises Price Target to $28
📈 PositiveTME stock has given up its prior gain. Tencent Music Entertainment shares were trading higher after the company reported Q3 earnings and revenue above estimates.
➖ NeutralTencent Music Entertainment shares are trading higher after the company reported Q3 earnings and revenue above estimates.
📈 PositiveTencent Music Enter Gr Q3 Adj. EPS $0.22 Beats $0.20 Estimate, Sales $1.190B Beat $1.110B Estimate
📈 PositiveShares of US-listed Chinese companies are trading higher after President trump said "Don't worry about China, it will all be fine!" on social media, which could ease trade concerns.
📈 PositiveWatching Tencent Music Entertainment Group; Shares See Volume To The Upside; Traders Circulate Popular Newsletter Mentions Stock As A Buy
📈 PositiveTencent Music stock shines after results topper as efforts to expand services pay off
📈 PositiveFrequently Asked Questions about TME
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