Bernstein initiated coverage on Tencent Music with a new price target
$TME
Broadcasting
Consumer Discretionary
Bernstein initiated coverage of Tencent Music with a rating of Outperform and set a new price target of $14.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 1/24/2024 | $10.50 | Neutral → Buy | UBS |
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, Sept. 27, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today released its inaugural Environmental, Social and Governance ("ESG") report. This report highlights the Company's commitment to sustainable practices and long-term value creation, and details the initiatives and performance in key areas such as responsible platform, employee care, and social responsibility. Mr. Cussion Pang, Executive Chairman of TME, commented, "Our inaugural ESG report showcases the steps we are taking to develop and implement a sustainability strategy. Building upon this foundatio
6-K - Tencent Music Entertainment Group (0001744676) (Filer)
6-K - Tencent Music Entertainment Group (0001744676) (Filer)
6-K - Tencent Music Entertainment Group (0001744676) (Filer)
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
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
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, 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
Spotify Technology (NYSE:SPOT) generated headlines in the pre-market hours as the company revealed its much-awaited second-quarter earnings report. Ahead of the disclosure, SPOT stock suffered from a strongly bearish trend despite an implied robust upside based on analysts' price targets. Therefore, the Q2 print represented an opportunity for the audio streaming service to respond. The results were exactly what the company needed. Spotify generated earnings of 274 million euros or about $298 million. The bottom-line print was equivalent to 1.33 euros per share, beating the analysts' consensus view of 1.05 euros per share. On the top line, sales hit 3.8 billion euros, which was in line wit
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