Tencent Music Entertainment Group

TME

US88034P1093

Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio. The Company is also engaged in the sales of music-related merchandise, the provision of services to smart device and car manufacturers and ticketing services for online music events. The Company mainly conducts its businesses in domestic and overseas markets.

Sector

Internet Services

Calendar

2024-06-27 - Annual General Meeting

More about the company

Income Statement Evolution

More financial data

Ratings for Tencent Music Entertainment Group

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

101.4 CNY

Average target price

118.1 CNY

Spread / Average Target

+16.45%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Social Media & Networking

	1st Jan change	Capi.
TENCENT MUSIC ENTERTAINMENT GROUP	+55.38%	21.82B
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MATCH GROUP, INC.	-15.01%	8.24B
WEIBO CORPORATION	-22.28%	2.07B
BUMBLE INC.	-19.67%	1.49B
NEXTDOOR HOLDINGS, INC.	+33.86%	987M
GREE, INC.	-9.65%	561M
ZIGEXN CO., LTD.	+17.51%	412M
NEW WORK SE	-16.12%	404M
INKEVERSE GROUP LIMITED	+8.43%	226M

Social Media & Networking

Market Closed - Nyse Other stock markets 04:00:02 2024-06-03 pm EDT			5-day change	1st Jan Change
14 ^USD	-3.11%		-5.41%	+55.38%

11:15am	Tencent Music, Tencent to Buy 10% Stake in Thailand's GMM Music	MT
Jun. 03	Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading	MT

Tencent Music, Tencent to Buy 10% Stake in Thailand's GMM Music	05:15am	MT
Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading	Jun. 03	MT
Tencent Music Entertainment Unit Acquiring 10% Stake in Thai GMM Music	Jun. 03	MT
GMM Music Announces Strategic Partnership with Tencent Music Entertainment Group and Tencent, with a Strategic Investment Valuing GMM Music at $700 Million USD	Jun. 02	CI
GMM Music Company Limited announced that it has received $70 million in funding from Tencent Holdings Limited, Tencent Music Entertainment Group	Jun. 01	CI
Citigroup Adjusts Price Target on Tencent Music Entertainment to $18 From $13, Keeps Buy Rating	May. 14	MT
Daiwa Securities Raises Price Target on Tencent Music Entertainment to $15.30 From $12.50, Maintains Buy Rating	May. 14	MT
HSBC Adjusts Price Target on Tencent Music Entertainment to $15.50 From $10.40, Keeps Hold Rating	May. 14	MT
Jefferies Adjusts Price Target on Tencent Music Entertainment to $15.40 From $12, Maintains Buy Rating	May. 14	MT
Goldman Sachs Adjusts Price Target on Tencent Music Entertainment to $16 From $14, Keeps Buy Rating	May. 14	MT
Benchmark Adjusts Price Target on Tencent Music Entertainment to $19 From $14, Keeps Buy Rating	May. 14	MT
Mizuho Securities Raises Price Target on Tencent Music Entertainment to $17 From $15, Keeps Buy Rating	May. 14	MT
Tencent Music's Q1 Profit Rises 24% Despite Lower Revenue; Shares Jump 9%	May. 14	MT
Tencent Music Shares Rise After Earnings Beat	May. 13	DJ
Tencent Music Entertainment Likely Poised to Triple Music Revenue in 2030, Morgan Stanley Says	May. 13	MT
Global markets live: Pfizer, Chevron, Amazon, Booking, Apple, Novavax, SoftBank...	May. 13
Sector Update: Tech Stocks Advance Pre-Bell Monday	May. 13	MT
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Ahead of Key Inflation Reports	May. 13	MT
Stock Futures Rise Pre-Bell Ahead of Key Inflation Data; Asia, Europe Churn	May. 13	MT
Transcript : Tencent Music Entertainment Group, Q1 2024 Earnings Call, May 13, 2024	May. 13
Morgan Stanley Raises Price Target on Tencent Music Entertainment Group to $19 From $13.50, Keeps Overweight Rating	May. 13	MT
Tencent Music First-Quarter Results Top Views as Online Music Paying Users Advance	May. 13	MT
Tranche Update on Tencent Music Entertainment Group's Equity Buyback Plan announced on March 21, 2023.	May. 13	CI
Tencent Music Entertainment Q1 Earnings Rise, Revenue Declines	May. 13	MT
Tencent Music beats quarterly revenue estimates	May. 13	RE

Tencent Music Entertainment Group

Equities

TME