Tencent Music Entertainment Group operates online music entertainment platforms that provides 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 was formerly known as China Music Corporation. The company was incorporated in 2012 and is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
IPO Year: 2018
Exchange: NYSE
Website: tencentmusic.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/26/2025 | Hold → Buy | Deutsche Bank | |
| 1/21/2025 | Equal-Weight → Overweight | Morgan Stanley | |
| 11/6/2024 | $16.00 | Overweight | Barclays |
| 11/4/2024 | $14.00 | Outperform | Bernstein |
| 9/25/2024 | $13.00 | Overweight → Equal-Weight | Morgan Stanley |
| 8/13/2024 | Outperform → Neutral | Daiwa Securities | |
| 3/20/2024 | $14.00 | Neutral → Buy | Goldman |
| 3/20/2024 | $9.00 → $13.00 | Neutral → Buy | Citigroup |
| 2/5/2024 | $10.50 | Outperform | CLSA |
| 2/5/2024 | $12.00 | Buy | Redburn Atlantic |
6-K - Tencent Music Entertainment Group (0001744676) (Filer)
6-K - Tencent Music Entertainment Group (0001744676) (Filer)
6-K - Tencent Music Entertainment Group (0001744676) (Filer)
6-K - Tencent Music Entertainment Group (0001744676) (Filer)
20-F - Tencent Music Entertainment Group (0001744676) (Filer)
6-K - Tencent Music Entertainment Group (0001744676) (Filer)
6-K - Tencent Music Entertainment Group (0001744676) (Filer)
6-K - Tencent Music Entertainment Group (0001744676) (Filer)
6-K - Tencent Music Entertainment Group (0001744676) (Filer)
6-K - Tencent Music Entertainment Group (0001744676) (Filer)
Deutsche Bank upgraded Tencent Music from Hold to Buy
Morgan Stanley upgraded Tencent Music from Equal-Weight to Overweight
Barclays initiated coverage of Tencent Music with a rating of Overweight and set a new price target of $16.00
Bernstein initiated coverage of Tencent Music with a rating of Outperform and set a new price target of $14.00
Morgan Stanley downgraded Tencent Music from Overweight to Equal-Weight and set a new price target of $13.00
Daiwa Securities downgraded Tencent Music from Outperform to Neutral
Goldman upgraded Tencent Music from Neutral to Buy and set a new price target of $14.00
Citigroup upgraded Tencent Music from Neutral to Buy and set a new price target of $13.00 from $9.00 previously
CLSA initiated coverage of Tencent Music with a rating of Outperform and set a new price target of $10.50
Redburn Atlantic initiated coverage of Tencent Music with a rating of Buy and set a new price target of $12.00
SC 13G/A - Tencent Music Entertainment Group (0001744676) (Subject)
SC 13G/A - Tencent Music Entertainment Group (0001744676) (Subject)
SC 13G/A - Tencent Music Entertainment Group (0001744676) (Subject)
SC 13G/A - Tencent Music Entertainment Group (0001744676) (Filed by)
SC 13G/A - Tencent Music Entertainment Group (0001744676) (Subject)
SC 13G/A - Tencent Music Entertainment Group (0001744676) (Subject)
SC 13G/A - Tencent Music Entertainment Group (0001744676) (Subject)
SC 13G/A - Tencent Music Entertainment Group (0001744676) (Subject)
SC 13G/A - Tencent Music Entertainment Group (0001744676) (Subject)
SC 13G/A - Tencent Music Entertainment Group (0001744676) (Subject)
SHENZHEN, China, May 13, 2025 /PRNewswire/ -- 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, 2025. First Quarter 2025 Financial Highlights Total revenues were RMB7.36 billion (US$1.01 billion), representing an 8.7% year-over-year increase, primarily due to strong year-over-year growth in revenues from online music services, and partially offset by a decline in revenues from social entertainment services and others.Revenues from music subscriptions were RMB4.22 billion (US$581 million), representing 16.6% year-over-
SHENZHEN, China, April 15, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the first quarter of 2025 before the U.S. market opens on Tuesday, May 13, 2025. TME's management will host a Tencent Meeting Webinar on Tuesday, May 13, 2025, at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time on Tuesday, May 13, 2025, to review and discuss the Company's business and financial performance. For participants who wish to join the Tencent Meeting Webinar, please complete online registration in advance using the
SHENZHEN, China, March 18, 2025 /PRNewswire/ --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 fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Total revenues were RMB7.46 billion (US$1.02 billion), representing an 8.2% year-over-year increase, primarily due to strong year-over-year growth in revenues from online music services, and partially offset by a decline in revenues from social entertainment services and others.Revenues from music subscriptions were RMB4.03 billion (US$552 million), represent
SHENZHEN, China, Feb. 18, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the fourth quarter and full year of 2024 before the U.S. market opens on Tuesday, March 18, 2025. TME's management will host a Tencent Meeting Webinar on Tuesday, March 18, 2025, at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time on Tuesday, March 18, 2025, to review and discuss the Company's business and financial performance. For participants who wish to join the Tencent Meeting Webinar, please complete online registration
SHENZHEN, China, Oct. 14, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the third quarter of 2024 before the U.S. market opens on Tuesday, November 12, 2024. TME's management will host a Tencent Meeting Webinar on Tuesday, November 12, 2024, at 6:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time on Tuesday, November 12, 2024, to review and discuss the Company's business and financial performance. For participants who wish to join the Tencent Meeting Webinar, please complete online registration in adv
SHENZHEN, China, Aug. 13, 2024 /PRNewswire/ -- 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 second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Total revenues were RMB7.16 billion (US$985 million), representing a 1.7% year-over-year decrease, primarily due to a decline in revenues from social entertainment services and others, which was partially offset by strong year-over-year growth in revenues from online music services.Revenues from music subscriptions were RMB3.74 billion (US$515 million), representing 29.4% year
SHENZHEN, China, July 12, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the second quarter of 2024 before the U.S. market opens on Tuesday, August 13, 2024. TME's management will host a Tencent Meeting Webinar on Tuesday, August 13, 2024, at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time on Tuesday, August 13, 2024, to review and discuss the Company's business and financial performance. For participants who wish to join the Tencent Meeting Webinar, please complete online registration in advance
SHENZHEN, China, May 13, 2024 /PRNewswire/ -- 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, 2024 and declared its annual cash dividend for the year ended December 31, 2023. First Quarter 2024 Financial Highlights Total revenues were RMB6.77 billion (US$937 million), representing a 3.4% year-over-year decrease, mainly due to the decline in revenues from social entertainment services and others, which was partially mitigated by strong year-over-year growth in revenues from online music services.Revenues from music s
SHENZHEN, China, April 15, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the first quarter of 2024 before the U.S. market opens on Monday, May 13, 2024. TME's management will host a Tencent Meeting Webinar on Monday, May 13, 2024, at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time on Monday, May 13, 2024, to review and discuss the Company's business and financial performance. For participants who wish to join the Tencent Meeting Webinar, please complete online registration in advance using the li
SHENZHEN, China, Feb. 20, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the fourth quarter and full year of 2023 before the U.S. market opens on Tuesday, March 19, 2024. TME's management will host a Tencent Meeting Webinar on Tuesday, March 19, 2024, at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time on Tuesday, March 19, 2024, to review and discuss the Company's business and financial performance. For participants who wish to join the Tencent Meeting Webinar, please complete online registration
SHENZHEN, China, May 20, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced that it will hold its annual general meeting of shareholders (the "AGM") at 10/F, The Hong Kong Club Building, 3A Chater Road, Central, Hong Kong on Friday, June 27, 2025 at 10 a.m. (Beijing/Hong Kong time) for the purposes of considering and, if thought fit, passing the resolutions as set forth in the notice of the AGM (the "AGM Notice"). The AGM Notice and the form of proxy for the AGM are available on the Company's website at https://ir.tencentmusic.com on May 20, 2025. The Board of Directo
SHENZHEN, China, May 13, 2025 /PRNewswire/ -- 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, 2025. First Quarter 2025 Financial Highlights Total revenues were RMB7.36 billion (US$1.01 billion), representing an 8.7% year-over-year increase, primarily due to strong year-over-year growth in revenues from online music services, and partially offset by a decline in revenues from social entertainment services and others.Revenues from music subscriptions were RMB4.22 billion (US$581 million), representing 16.6% year-over-
SHENZHEN, China, April 23, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced that it has filed its annual report on Form 20-F that includes its audited financial statements for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the "SEC") on April 23, 2025, U. S. Eastern Time. The annual report can be accessed on TME's investor relations website at ir.tencentmusic.com and on the SEC's website at www.sec.gov. The Company will also provide a hard copy of the annual report containing its audited consolidated financial statements, free
SHENZHEN, China, April 23, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today released its 2024 Environmental, Social and Governance ("ESG") report, outlining the achievements and progress it made throughout the year in executing a sustainability strategy. Mr. Cussion Pang, Executive Chairman of TME, commented, "As we remained true to our mission to 'create endless possibilities with music and technology,' we have been driving the advancement of online music industry through technology while prioritizing sustainable growth. We will continue to innovate and deploy initiatives t
SHENZHEN, China, April 15, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the first quarter of 2025 before the U.S. market opens on Tuesday, May 13, 2025. TME's management will host a Tencent Meeting Webinar on Tuesday, May 13, 2025, at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time on Tuesday, May 13, 2025, to review and discuss the Company's business and financial performance. For participants who wish to join the Tencent Meeting Webinar, please complete online registration in advance using the
SHENZHEN, China, March 18, 2025 /PRNewswire/ --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 fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Total revenues were RMB7.46 billion (US$1.02 billion), representing an 8.2% year-over-year increase, primarily due to strong year-over-year growth in revenues from online music services, and partially offset by a decline in revenues from social entertainment services and others.Revenues from music subscriptions were RMB4.03 billion (US$552 million), represent
SHENZHEN, China, Feb. 28, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced the retirement of Mr. Matthew Yun Ming Cheng from his position as a director on the Board of Directors (the "Board"), effective February 28, 2025. Concurrently, the Board approved the appointment of Mr. Wai Yip Tsang, as a director on the Board, effective February 28, 2025. "Matthew has been a valuable member of TME's Board during his tenure since 2022. On behalf of the Board, I would like to thank him for his dedication, which helped us drive growth and innovation while promoting the prospe
SHENZHEN, China, Feb. 18, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the fourth quarter and full year of 2024 before the U.S. market opens on Tuesday, March 18, 2025. TME's management will host a Tencent Meeting Webinar on Tuesday, March 18, 2025, at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time on Tuesday, March 18, 2025, to review and discuss the Company's business and financial performance. For participants who wish to join the Tencent Meeting Webinar, please complete online registration
Expanding TME's Global Footprint to Elevate International Music Experiences SHENZHEN, China, Oct. 17, 2024 /PRNewswire/ -- Tencent Music Entertainment Group (TME) today announced a strategic partnership with Galaxy Corporation, the agency representing the influential global musician G-Dragon, for his upcoming regional tour. The collaboration marks a significant step forward in TME's ambitions to expand its global presence and further solidify its position in the international music scene. As part of this agreement, TME will act as the proprietary tour partner for G-Dragon's concerts across various markets, including most of Southeast Asia, the Middle East, Hong Kong, Macao, Taiwan, Australi
SHENZHEN, China, Oct. 14, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the third quarter of 2024 before the U.S. market opens on Tuesday, November 12, 2024. TME's management will host a Tencent Meeting Webinar on Tuesday, November 12, 2024, at 6:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time on Tuesday, November 12, 2024, to review and discuss the Company's business and financial performance. For participants who wish to join the Tencent Meeting Webinar, please complete online registration in adv
SHENZHEN, China, Feb. 28, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced the retirement of Mr. Matthew Yun Ming Cheng from his position as a director on the Board of Directors (the "Board"), effective February 28, 2025. Concurrently, the Board approved the appointment of Mr. Wai Yip Tsang, as a director on the Board, effective February 28, 2025. "Matthew has been a valuable member of TME's Board during his tenure since 2022. On behalf of the Board, I would like to thank him for his dedication, which helped us drive growth and innovation while promoting the prospe
SHENZHEN, China, Sept. 14, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, announced on September 15, 2022 (Beijing/Hong Kong Time) the resignation of Mr. Liang Tang from the board of directors (the "Board") and the compensation committee of the Board, effective immediately. The Board also approved the appointment of Ms. Jeanette Kim Yum Chan as an independent director, and Ms. Edith Manling Ngan as a member of the compensation committee, both effective immediately. Ms. Ngan will continue to serve as an independent director and a member of our audit committee. "On behalf of our Bo
SHENZHEN, China, May 27, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced that Mr. Martin Chi Ping Lau, who has served as a director of the Company's Board of Directors (the "Board") since 2016, has decided to resign from the Board, effective immediately. At the same time, the Company is pleased to announce the appointment of Mr. Matthew Yun Ming Cheng, to its Board, also effective immediately. "On behalf of our Board, we would like to express our deep gratitude to Martin for his years of services to the TME Board and his invaluable contributions to the Company. His
SHENZHEN, China, April 14, 2021 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE:TME), the leading online music entertainment platform in China, today announced the appointment of Mr. Cussion Kar Shun Pang as TME's Executive Chairman of the Board of Directors (the "Board"). Mr. Zhu Liang (or "Ross Liang") has been appointed as the Company's new Chief Executive Officer ("CEO") and a member of the Board. Prior to this appointment, Ross served as Vice President of Tencent Holdings Limited ("Tencent") where he was responsible for overseeing a number of major online platforms including QQ, a leading social communication and entertainment platform