Tencent Music Entertainment Group

Tencent Music Entertainment Group

TME
Tencent Music Entertainment GroupUS flagNew York Stock Exchange
8.26
USD
+0.06
- -
12.70BMarket Cap
Tencent Music Entertainment Group
TME
(New York Stock Exchange)

Recent

price

8.26

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.68
6.76
12.34
15.16
17.6
18.82
17.69
17.78
18.42
21.45
21.96
Revenue per Share
0.05
0.82
1.19
2.37
2.51
1.82
2.3
3.15
4.31
7.21
5.77
Basic EPS, GAAP
0.51
1.49
3.57
3.53
2.65
1.49
4.01
3.95
5.99
5.9
7.29
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
0.98
1.29
- -
Dividend per Share
6.31
8
11.55
12.99
15.43
14.84
14.01
16.54
22.02
25.91
25.26
Book Value per Share
0.87
2.5
5.78
7.4
9.67
7.93
6.92
9.44
14.21
17.61
13.02
Tangible Book Value per Share
1,625
1,625
1,538
1,678
1,657
1,661
1,602
1,561
1,542
1,534
1,546
Basic Weighted Avg Shares
4,361
10,981
18,985
25,434
29,153
31,244
28,339
27,752
28,401
32,902
33,932
Sales/Revenue/Turnover
2.13
12.8
17.68
15.97
13.62
9.95
12.46
17.92
26.19
29.59
29.57
Operating Margin (%)
236
379
369
583
824
1,001
1,160
1,004
978
1,375
- -
Depreciation Expense
82
1,326
1,833
3,982
4,155
3,029
3,677
4,920
6,644
11,056
8,918
Net Income, GAAP
25.44
17.41
8.54
12.4
9.84
11.48
12.21
13.65
18.4
14.49
17.39
Effective Tax Rate (%)
1.88
12.08
9.65
15.66
14.25
9.69
12.98
17.73
23.39
33.6
26.28
Profit Margin (%)
2,474
3,940
14,540
18,424
22,085
16,341
14,842
17,922
17,994
17,869
16,942
Working Capital
- -
- -
- -
78
5,393
5,267
5,842
5,933
3,791
3,697
10,750
LT Debt
20,634
26,148
37,772
43,678
52,731
51,055
49,127
57,202
69,726
83,050
81,073
Total Equity
- -
4.93
9.52
8.63
6.94
4.76
5.51
7.18
8.62
10.09
8.62
Return on Invested Capital (%)
- -
5.7
5.84
9.92
8.28
5.15
6.49
7.99
9.03
13.36
9.2
Return on Capital (%)
- -
5.67
5.74
9.79
8.67
5.91
7.47
9.46
10.74
14.93
11
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
116
111
6,134
LT Borrowings
3,497
4,543
10,532
LT Finance Leases
200
188
218
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,099
3,099
3,099
Market Capitalization
380,036
198,448
175,831

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
32,458
34,667
39,689
Cash, Cash Equivalents & STI
24,316
26,743
30,654
Accounts Receivable, Net
3,903
3,825
4,184
Inventories
41
48
98
Total Current Liabilities
14,589
16,621
22,747
Payables & Accruals
10,726
12,695
12,166
ST Debt
116
111
6,134
Deferred Revenue
3,747
3,815
4,447

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
10.1%
19.11%
Free Cash Flow
- -
31.86%
-2.16%
Net Income, GAAP
- -
25.91%
66.41%
Sales/Revenue/Turnover
- -
2.8%
15.85%
Total Cash Common Dividend
- -
- -
31.37%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,768
7,160
7,015
7,458
28,401
2025
7,356
8,442
8,463
8,641
32,902
2026
7,895
8,933
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.92
1.09
1.02
1.27
4.31
2025
2.81
1.57
1.4
1.43
7.21
2026
1.36
1.58
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.98
2025
- -
- -
- -
- -
1.29
2026
- -
- -
- -
- -
- -
Business
Tencent Music Entertainment Group (TME) operates leading online music and audio entertainment platforms primarily in China. The company provides music streaming through QQ Music, Kugou Music, and Kuwo Music; online karaoke via WeSing; long-form audio content including audiobooks, podcasts, and talk shows on Lazy Audio; music-centric live streaming on Kugou Live and Kuwo Live; and music-oriented video content such as music videos, live performances, and short videos. Additional services encompass TME Music Cloud for global digital distribution to over 200 platforms, Ultimate Music for B2B solutions with smart devices and automakers, Tencent Musician for artist monetization and support, Quyimai for commercial music licensing, TME live for panoramic concerts, TMEA awards, TME UniChart and Wave Chart for music rankings, and initiatives like TME Institute of Music and Tencent Music for Nonprofits. TME targets consumers, artists, labels, and enterprises across music streaming, social entertainment, and live events segments. Founded in 2016 and headquartered in Shenzhen, the company conducts operations mainly in China with international reach through distribution and partnerships. Recent developments include a 2024 strategic partnership and 10% stake acquisition in GMM Music with Tencent to expand in Southeast Asia; a May 2025 purchase of a $177 million stake in K-Pop giant SM Entertainment from Hybe; enhanced label and artist partnerships with contract renewals; and robust growth with Q3 2025 revenues up 20.6% to RMB8.46 billion, driven by Super VIP subscriptions and online music services up 27.2%.

Company News

  • Tencent Music Entertainment Group Announces Pricing of US$1,000 Million Notes Offering

  • Tencent Music Entertainment Group Announces Notes Offering

  • Tencent Music Entertainment Group Sponsored ADR (NYSE:TME) Receives Average Rating of “Hold” from Brokerages

  • Comparing NEXON (OTCMKTS:NEXOY) and Tencent Music Entertainment Group (NYSE:TME)

  • Ivonescimab Plus Chemotherapy Global Phase III HARMONi Primary Analysis Results Published in The Lancet Oncology

  • Why Tencent Music Stock Sank This Week

  • Tencent Music: Buy Fan Economy And AI Shift When Market Sells The Dip

  • Tencent Music: Organic Deceleration And Competition Weigh On Outlook (Rating Downgrade)

  • Here Are Wednesday’s Top Wall Street Analyst Research Calls: The Gap, Genmab, Hilton Worldwide, Intuitive Surgical, Marriott International, Merck, Novo Nordisk, Okta, and More

  • Why Tencent Music Entertainment Stock Dived by Nearly 12% Today

  • Tencent Music Entertainment Group (TME) Q2 2026 Earnings Call Transcript

  • Tencent Music Entertainment Group Q2 Earnings Call Highlights

  • Existing Home Sales Data in Focus

  • Small Biz Index, Existing Home Sales & More Earnings

  • Tencent Music Entertainment Group Announces Second Quarter 2026 Unaudited Financial Results

  • Tencent Music Entertainment Group Sponsored ADR $TME Shares Bought by First Trust Advisors LP

  • Cantillon Capital Management LLC Cuts Stock Position in Tencent Music Entertainment Group Sponsored ADR $TME

  • Tencent Music: SENDing Immersive Audio To The Masses; Reiterate Buy On Ecosystem Premiumization

  • Tencent Music Entertainment Group to Report Second Quarter 2026 Financial Results on August 11, 2026

  • Tencent Music Entertainment Group Announces Poll Results of the 2026 Annual General Meeting