Tencent Music Entertainment Group Key Executives
This section highlights Tencent Music Entertainment Group's key executives, including their titles and compensation details.
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Tencent Music Entertainment Group Earnings
This section highlights Tencent Music Entertainment Group's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-18 | $0.19 | $0.20 |
| Read Transcript | Q3 | 2024 | 2024-11-12 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-16 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-13 | $0.13 | $0.13 |
| Read Transcript | Q4 | 2023 | 2024-03-19 | $0.13 | $0.12 |
| Read Transcript | Q3 | 2023 | 2023-11-14 | $0.11 | $0.10 |
| Read Transcript | Q2 | 2023 | 2023-08-15 | $0.12 | $0.11 |
| Read Transcript | Q1 | 2023 | 2023-05-16 | $0.10 | $0.11 |
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.
$14.00
Stock Price
$12.00B
Market Cap
100.00K
Employees
Shenzhen, None
Location
Financial Statements
Access annual & quarterly financial statements for Tencent Music Entertainment Group, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $28.40B | $27.75B | $28.34B | $31.24B | $29.15B |
| Cost of Revenue | $16.38B | $17.96B | $19.57B | $21.84B | $19.85B |
| Gross Profit | $12.03B | $9.79B | $8.77B | $9.40B | $9.30B |
| Gross Profit Ratio | 42.34% | 35.29% | 30.96% | 30.10% | 31.91% |
| Research and Development Expenses | $- | $- | $2.58B | $2.34B | $1.67B |
| General and Administrative Expenses | $3.81B | $4.12B | $4.41B | $4.01B | $3.10B |
| Selling and Marketing Expenses | $865.00M | $897.00M | $1.14B | $2.68B | $2.48B |
| Selling General and Administrative Expenses | $4.68B | $5.02B | $5.56B | $6.69B | $5.58B |
| Other Expenses | $-1.36B | $-1.28B | $516.00M | $553.00M | $362.00M |
| Operating Expenses | $3.31B | $3.74B | $5.56B | $6.69B | $5.58B |
| Cost and Expenses | $19.69B | $21.69B | $25.12B | $28.53B | $25.43B |
| Interest Income | $- | $1.05B | $711.00M | $530.00M | $622.00M |
| Interest Expense | $- | $124.00M | $108.00M | $121.00M | $97.00M |
| Depreciation and Amortization | $720.00M | $1.00B | $1.16B | $1.00B | $824.00M |
| EBITDA | $8.23B | $7.17B | $5.65B | $4.75B | $5.55B |
| EBITDA Ratio | 28.99% | 25.85% | 15.81% | 12.01% | 16.22% |
| Operating Income | $8.71B | $6.06B | $4.44B | $2.75B | $4.71B |
| Operating Income Ratio | 30.67% | 21.83% | 15.68% | 8.81% | 16.16% |
| Total Other Income Expenses Net | $2.00M | $-14.00M | $-70.00M | $-168.00M | $-78.00M |
| Income Before Tax | $8.71B | $6.04B | $4.37B | $3.63B | $4.63B |
| Income Before Tax Ratio | 30.67% | 21.78% | 15.43% | 11.62% | 15.89% |
| Income Tax Expense | $1.60B | $825.00M | $534.00M | $417.00M | $456.00M |
| Net Income | $6.64B | $4.92B | $3.68B | $3.03B | $4.16B |
| Net Income Ratio | 23.39% | 17.73% | 12.98% | 9.69% | 14.25% |
| EPS | $2.12 | $1.55 | $0.58 | $0.91 | $1.25 |
| EPS Diluted | $2.12 | $1.56 | $0.57 | $0.90 | $1.24 |
| Weighted Average Shares Outstanding | 3.13B | 3.17B | 3.20B | 3.32B | 3.31B |
| Weighted Average Shares Outstanding Diluted | 3.13B | 3.17B | 3.23B | 3.36B | 3.36B |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.46B | $7.01B | $7.16B | $6.77B | $6.89B | $6.57B | $7.29B | $7.00B | $7.42B | $7.37B | $6.91B | $6.64B | $7.61B | $7.80B | $8.01B | $7.82B | $8.34B | $7.58B | $6.93B | $6.31B |
| Cost of Revenue | $4.21B | $4.02B | $4.15B | $4.00B | $4.25B | $4.23B | $4.79B | $4.69B | $4.98B | $4.96B | $4.84B | $4.78B | $5.42B | $5.50B | $5.57B | $5.36B | $5.64B | $5.12B | $4.76B | $4.33B |
| Gross Profit | $3.25B | $2.99B | $3.01B | $2.77B | $2.64B | $2.34B | $2.50B | $2.31B | $2.45B | $2.40B | $2.06B | $1.86B | $2.19B | $2.31B | $2.44B | $2.47B | $2.70B | $2.46B | $2.17B | $1.98B |
| Gross Profit Ratio | 43.62% | 42.64% | 42.00% | 40.90% | 38.30% | 35.70% | 34.30% | 33.10% | 33.00% | 32.60% | 29.90% | 28.00% | 28.80% | 29.60% | 30.40% | 31.50% | 32.36% | 32.45% | 31.30% | 31.33% |
| Research and Development Expenses | $- | $- | $- | $- | $2.52B | $- | $- | $- | $2.58B | $- | $- | $- | $2.34B | $- | $- | $- | $1.67B | $- | $- | $- |
| General and Administrative Expenses | $926.00M | $998.00M | $938.00M | $949.00M | $1.01B | $1.05B | $1.04B | $1.02B | $1.09B | $1.19B | $1.11B | $1.01B | $1.07B | $1.05B | $1.01B | $883.00M | $906.00M | $790.00M | $724.00M | $681.00M |
| Selling and Marketing Expenses | $248.00M | $220.00M | $210.00M | $187.00M | $255.00M | $219.00M | $211.00M | $212.00M | $266.00M | $245.00M | $303.00M | $330.00M | $750.00M | $587.00M | $669.00M | $672.00M | $773.00M | $642.00M | $579.00M | $481.00M |
| Selling General and Administrative Expenses | $1.17B | $1.22B | $1.15B | $1.14B | $1.27B | $1.27B | $1.25B | $1.23B | $1.36B | $1.44B | $1.42B | $1.34B | $1.82B | $1.64B | $1.68B | $1.55B | $1.68B | $1.43B | $1.30B | $1.16B |
| Other Expenses | $-330.00M | $-371.00M | $- | $46.00M | $-141.00M | $78.00M | $32.00M | $58.00M | $78.00M | $109.00M | $-76.00M | $81.00M | $185.00M | $117.00M | $152.00M | $99.00M | $122.00M | $95.00M | $-35.00M | $58.00M |
| Operating Expenses | $844.00M | $847.00M | $812.00M | $1.14B | $1.07B | $1.27B | $1.25B | $1.23B | $1.36B | $1.44B | $1.34B | $1.34B | $1.82B | $1.64B | $1.68B | $1.55B | $1.68B | $1.43B | $1.21B | $1.16B |
| Cost and Expenses | $5.05B | $4.87B | $5.30B | $5.13B | $5.32B | $5.50B | $6.04B | $5.92B | $6.34B | $6.40B | $6.18B | $6.13B | $7.23B | $7.13B | $7.25B | $6.91B | $7.32B | $6.55B | $5.97B | $5.50B |
| Interest Income | $- | $299.00M | $304.00M | $278.00M | $277.00M | $273.00M | $265.00M | $237.00M | $224.00M | $186.00M | $151.00M | $150.00M | $122.00M | $131.00M | $123.00M | $154.00M | $156.00M | $139.00M | $153.00M | $174.00M |
| Interest Expense | $- | $97.00M | $26.00M | $30.00M | $13.00M | $35.00M | $42.00M | $34.00M | $31.00M | $24.00M | $30.00M | $30.00M | $31.00M | $30.00M | $29.00M | $31.00M | $18.00M | $42.00M | $17.00M | $20.00M |
| Depreciation and Amortization | $180.00M | $180.00M | $54.00M | $180.00M | $180.00M | $218.50M | $218.50M | $218.50M | $218.50M | $186.50M | $186.50M | $186.50M | $186.50M | $155.50M | $155.50M | $155.50M | $155.50M | $101.50M | $106.50M | $101.50M |
| EBITDA | $2.27B | $2.02B | $2.25B | $1.94B | $1.72B | $1.47B | $1.58B | $1.40B | $1.49B | $1.27B | $1.04B | $769.00M | $682.00M | $920.00M | $1.01B | $1.36B | $1.30B | $1.29B | $1.10B | $1.04B |
| EBITDA Ratio | 30.49% | 28.87% | 31.45% | 28.68% | 24.91% | 22.44% | 21.64% | 20.00% | 18.91% | 17.23% | 12.85% | 11.57% | 8.98% | 11.79% | 12.65% | 14.53% | 15.61% | 17.07% | 15.85% | 16.42% |
| Operating Income | $2.41B | $2.14B | $2.20B | $1.96B | $1.71B | $1.43B | $1.54B | $1.38B | $1.39B | $1.26B | $1.04B | $749.00M | $682.00M | $919.00M | $1.03B | $1.16B | $1.30B | $1.26B | $1.11B | $1.05B |
| Operating Income Ratio | 32.30% | 30.56% | 30.70% | 28.95% | 24.87% | 21.69% | 21.12% | 19.72% | 18.69% | 17.12% | 15.13% | 11.27% | 8.97% | 11.77% | 12.92% | 14.88% | 15.55% | 16.63% | 15.97% | 16.59% |
| Total Other Income Expenses Net | $90.00M | $-68.00M | $28.00M | $230.00M | $-10.00M | $14.00M | $-4.00M | $-14.00M | $-15.00M | $170.00M | $122.00M | $140.00M | $-30.00M | $102.00M | $72.00M | $96.00M | $-13.00M | $130.00M | $156.00M | $143.00M |
| Income Before Tax | $2.50B | $2.08B | $2.23B | $1.91B | $1.70B | $1.44B | $1.53B | $1.37B | $1.37B | $1.25B | $1.02B | $739.00M | $652.00M | $890.00M | $984.00M | $1.11B | $1.28B | $1.25B | $1.08B | $1.02B |
| Income Before Tax Ratio | 33.51% | 29.59% | 31.09% | 28.24% | 24.72% | 21.91% | 21.07% | 19.52% | 18.49% | 16.90% | 14.71% | 11.12% | 8.57% | 11.40% | 12.29% | 14.14% | 15.39% | 16.51% | 15.61% | 16.10% |
| Income Tax Expense | $423.00M | $367.00M | $432.00M | $381.00M | $295.00M | $176.00M | $187.00M | $167.00M | $168.00M | $152.00M | $124.00M | $90.00M | $75.00M | $102.00M | $113.00M | $127.00M | $71.00M | $116.00M | $139.00M | $130.00M |
| Net Income | $1.96B | $1.58B | $1.68B | $1.42B | $1.31B | $1.17B | $1.30B | $1.15B | $1.15B | $1.06B | $856.00M | $609.00M | $536.00M | $740.00M | $827.00M | $926.00M | $1.20B | $1.13B | $939.00M | $887.00M |
| Net Income Ratio | 26.24% | 22.57% | 23.49% | 21.01% | 18.95% | 17.78% | 17.81% | 16.39% | 15.50% | 14.41% | 12.40% | 9.17% | 7.05% | 9.48% | 10.33% | 11.84% | 14.36% | 14.94% | 13.55% | 14.05% |
| EPS | $0.63 | $0.50 | $0.55 | $0.46 | $0.42 | $0.37 | $0.83 | $0.37 | $0.37 | $0.34 | $0.27 | $0.19 | $0.16 | $0.22 | $0.25 | $0.28 | $0.36 | $0.34 | $0.28 | $0.27 |
| EPS Diluted | $0.63 | $0.51 | $0.54 | $0.46 | $0.41 | $0.37 | $0.82 | $0.36 | $0.36 | $0.33 | $0.27 | $0.19 | $0.16 | $0.22 | $0.24 | $0.27 | $0.36 | $0.34 | $0.28 | $0.26 |
| Weighted Average Shares Outstanding | 3.11B | 3.17B | 3.09B | 3.08B | 3.17B | 3.13B | 1.58B | 3.12B | 3.14B | 3.18B | 3.23B | 3.27B | 3.28B | 3.31B | 3.34B | 3.35B | 3.32B | 3.32B | 3.31B | 3.31B |
| Weighted Average Shares Outstanding Diluted | 3.11B | 3.13B | 3.14B | 3.12B | 3.15B | 3.17B | 1.58B | 3.17B | 3.18B | 3.21B | 3.25B | 3.30B | 3.31B | 3.34B | 3.38B | 3.40B | 3.36B | 3.36B | 3.35B | 3.35B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $13.16B | $13.57B | $9.55B | $6.59B | $11.13B |
| Short Term Investments | $14.04B | $9.97B | $11.33B | $13.84B | $14.89B |
| Cash and Short Term Investments | $27.21B | $23.54B | $20.88B | $20.43B | $26.02B |
| Net Receivables | $3.51B | $2.92B | $2.67B | $3.61B | $2.80B |
| Inventory | $23.00M | $8.00M | $14.00M | $24.00M | $18.00M |
| Other Current Assets | $3.80B | $3.47B | $2.74B | $2.54B | $2.66B |
| Total Current Assets | $34.54B | $29.94B | $26.56B | $26.79B | $31.69B |
| Property Plant Equipment Net | $1.10B | $857.00M | $721.00M | $526.00M | $487.00M |
| Goodwill | $19.65B | $19.54B | $19.49B | $19.12B | $17.49B |
| Intangible Assets | $4.41B | $4.47B | $4.85B | $4.32B | $2.02B |
| Goodwill and Intangible Assets | $24.06B | $24.01B | $24.34B | $23.45B | $19.51B |
| Long Term Investments | $29.89B | $19.84B | $14.33B | $15.40B | $15.33B |
| Tax Assets | $- | $- | $347.00M | $346.00M | $303.00M |
| Other Non-Current Assets | $847.00M | $892.00M | $709.00M | $743.00M | $956.00M |
| Total Non-Current Assets | $55.90B | $45.60B | $40.45B | $40.46B | $36.59B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $90.44B | $75.54B | $67.01B | $67.25B | $68.27B |
| Account Payables | $9.03B | $5.01B | $5.00B | $4.33B | $3.56B |
| Short Term Debt | $106.00M | $115.00M | $123.00M | $92.00M | $103.00M |
| Tax Payables | $- | $775.00M | $404.00M | $363.00M | $445.00M |
| Deferred Revenue | $- | $- | $2.17B | $1.83B | $1.61B |
| Other Current Liabilities | $7.41B | $6.12B | $6.09B | $3.71B | $3.78B |
| Total Current Liabilities | $16.55B | $12.01B | $11.72B | $10.45B | $9.60B |
| Long Term Debt | $3.79B | $5.93B | $5.84B | $5.27B | $5.39B |
| Deferred Revenue Non-Current | $- | $148.00M | $106.00M | $86.00M | $78.00M |
| Deferred Tax Liabilities Non-Current | $- | $239.00M | $211.00M | $271.00M | $265.00M |
| Other Non-Current Liabilities | $377.00M | $- | $- | $125.00M | $204.00M |
| Total Non-Current Liabilities | $4.17B | $6.32B | $6.17B | $5.75B | $5.94B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $20.72B | $18.33B | $17.88B | $16.20B | $15.54B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M |
| Retained Earnings | $20.05B | $17.19B | $12.05B | $14.19B | $11.11B |
| Accumulated Other Comprehensive Income Loss | $19.32B | $9.66B | $6.14B | $3.73B | $6.30B |
| Other Total Stockholders Equity | $28.48B | $29.06B | $29.91B | $32.40B | $34.83B |
| Total Stockholders Equity | $67.86B | $55.91B | $48.10B | $50.32B | $52.24B |
| Total Equity | $69.73B | $57.20B | $49.13B | $51.05B | $52.73B |
| Total Liabilities and Stockholders Equity | $90.44B | $75.54B | $67.01B | $67.25B | $68.27B |
| Minority Interest | $1.86B | $1.29B | $1.03B | $738.00M | $486.00M |
| Total Liabilities and Total Equity | $90.44B | $75.54B | $67.01B | $67.25B | $68.27B |
| Total Investments | $43.94B | $29.81B | $25.66B | $29.24B | $30.22B |
| Total Debt | $3.90B | $6.05B | $5.96B | $5.36B | $5.50B |
| Net Debt | $-9.27B | $-7.52B | $-3.59B | $-1.23B | $-5.63B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $13.16B | $10.21B | $12.25B | $10.22B | $13.57B | $12.38B | $12.95B | $12.13B | $9.55B | $8.58B | $10.04B | $8.35B | $6.59B | $5.08B | $6.82B | $10.27B | $11.13B | $9.64B | $11.78B | $12.27B |
| Short Term Investments | $14.04B | $18.35B | $12.30B | $16.41B | $9.97B | $9.84B | $10.04B | $8.36B | $11.33B | $10.33B | $11.36B | $11.68B | $13.84B | $15.16B | $15.52B | $13.28B | $14.89B | $15.17B | $9.58B | $8.67B |
| Cash and Short Term Investments | $27.21B | $28.56B | $24.55B | $26.62B | $23.54B | $22.22B | $22.99B | $20.49B | $20.88B | $18.91B | $21.40B | $20.03B | $20.43B | $20.24B | $22.34B | $23.55B | $26.02B | $24.81B | $21.36B | $20.94B |
| Net Receivables | $3.51B | $2.94B | $3.02B | $2.81B | $3.10B | $2.50B | $2.46B | $2.72B | $2.92B | $2.92B | $3.13B | $2.51B | $3.61B | $2.69B | $2.60B | $2.82B | $2.80B | $2.16B | $2.17B | $2.08B |
| Inventory | $23.00M | $18.00M | $14.00M | $11.00M | $8.00M | $5.00M | $6.00M | $12.00M | $14.00M | $20.00M | $23.00M | $23.00M | $24.00M | $27.00M | $21.00M | $18.00M | $18.00M | $25.00M | $30.00M | $26.00M |
| Other Current Assets | $3.80B | $3.01B | $3.21B | $3.10B | $3.29B | $3.35B | $3.15B | $2.62B | $2.74B | $4.22B | $3.16B | $2.69B | $2.54B | $3.15B | $3.42B | $2.56B | $2.66B | $3.05B | $2.05B | $2.24B |
| Total Current Assets | $34.54B | $34.53B | $30.79B | $32.54B | $29.94B | $28.08B | $28.60B | $25.84B | $26.56B | $26.07B | $27.72B | $25.26B | $26.79B | $26.11B | $28.37B | $28.95B | $31.69B | $30.04B | $25.61B | $25.29B |
| Property Plant Equipment Net | $1.10B | $1.02B | $899.00M | $843.00M | $857.00M | $826.00M | $734.00M | $702.00M | $721.00M | $724.00M | $733.00M | $515.00M | $526.00M | $523.00M | $493.00M | $477.00M | $487.00M | $307.00M | $309.00M | $300.00M |
| Goodwill | $19.65B | $19.65B | $19.65B | $19.57B | $19.54B | $19.54B | $19.54B | $19.54B | $19.49B | $19.49B | $19.49B | $19.13B | $19.12B | $19.10B | $19.06B | $19.06B | $17.49B | $17.15B | $17.14B | $17.14B |
| Intangible Assets | $4.41B | $4.38B | $4.43B | $4.44B | $4.47B | $4.59B | $4.64B | $4.75B | $4.85B | $4.99B | $5.27B | $5.23B | $4.32B | $2.76B | $2.74B | $2.55B | $2.02B | $1.91B | $1.95B | $1.61B |
| Goodwill and Intangible Assets | $24.06B | $24.02B | $24.08B | $24.01B | $24.01B | $24.13B | $24.18B | $24.29B | $24.34B | $24.48B | $24.76B | $24.35B | $23.45B | $21.86B | $21.80B | $21.61B | $19.51B | $19.06B | $19.09B | $18.75B |
| Long Term Investments | $29.89B | $24.20B | $25.85B | $20.98B | $19.84B | $18.96B | $17.97B | $17.33B | $14.33B | $14.43B | $12.07B | $14.84B | $15.40B | $15.26B | $15.91B | $15.79B | $15.33B | $13.38B | $12.13B | $6.94B |
| Tax Assets | $- | $- | $369.00M | $360.00M | $352.00M | $375.00M | $343.00M | $352.00M | $347.00M | $392.00M | $399.00M | $357.00M | $346.00M | $340.00M | $339.00M | $308.00M | $303.00M | $217.00M | $214.00M | $191.00M |
| Other Non-Current Assets | $847.00M | $842.00M | $419.00M | $437.00M | $540.00M | $580.00M | $642.00M | $599.00M | $709.00M | $659.00M | $622.00M | $675.00M | $743.00M | $2.30B | $1.14B | $967.00M | $956.00M | $1.06B | $998.00M | $983.00M |
| Total Non-Current Assets | $55.90B | $50.09B | $51.62B | $46.63B | $45.60B | $44.88B | $43.86B | $43.27B | $40.45B | $40.69B | $38.59B | $40.74B | $40.46B | $40.29B | $39.68B | $39.15B | $36.59B | $34.03B | $32.75B | $27.17B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $90.44B | $84.61B | $82.41B | $79.18B | $75.54B | $72.96B | $72.47B | $69.11B | $67.01B | $66.75B | $66.31B | $66.00B | $67.25B | $66.39B | $68.06B | $68.11B | $68.27B | $64.07B | $58.36B | $52.46B |
| Account Payables | $9.03B | $6.52B | $6.22B | $5.49B | $5.01B | $5.05B | $5.22B | $5.32B | $5.00B | $4.84B | $5.74B | $5.18B | $4.33B | $4.48B | $4.40B | $3.92B | $3.56B | $3.21B | $3.06B | $2.64B |
| Short Term Debt | $106.00M | $109.00M | $112.00M | $97.00M | $115.00M | $113.00M | $122.00M | $115.00M | $123.00M | $99.00M | $88.00M | $86.00M | $92.00M | $101.00M | $101.00M | $109.00M | $103.00M | $75.00M | $74.00M | $67.00M |
| Tax Payables | $- | $823.00M | $696.00M | $670.00M | $775.00M | $491.00M | $461.00M | $414.00M | $404.00M | $476.00M | $529.00M | $425.00M | $363.00M | $407.00M | $468.00M | $602.00M | $445.00M | $360.00M | $521.00M | $484.00M |
| Deferred Revenue | $- | $- | $2.95B | $2.99B | $3.05B | $2.56B | $2.43B | $2.33B | $2.17B | $2.23B | $2.05B | $1.87B | $1.83B | $1.70B | $1.79B | $1.93B | $1.61B | $1.54B | $1.70B | $1.65B |
| Other Current Liabilities | $7.41B | $7.82B | $3.20B | $5.93B | $6.12B | $5.76B | $5.64B | $5.13B | $3.88B | $4.49B | $3.50B | $3.50B | $3.71B | $3.27B | $3.10B | $2.91B | $3.78B | $3.44B | $3.07B | $3.15B |
| Total Current Liabilities | $16.55B | $15.27B | $13.18B | $12.19B | $12.01B | $11.41B | $11.44B | $10.98B | $11.72B | $12.14B | $11.90B | $11.06B | $10.45B | $9.96B | $9.86B | $9.47B | $9.60B | $8.62B | $8.43B | $8.00B |
| Long Term Debt | $3.79B | $3.72B | $5.92B | $5.90B | $5.93B | $6.03B | $6.00B | $5.75B | $5.84B | $5.99B | $5.71B | $5.24B | $5.27B | $5.35B | $5.34B | $5.42B | $5.39B | $5.46B | $62.00M | $65.00M |
| Deferred Revenue Non-Current | $- | $- | $163.00M | $156.00M | $148.00M | $137.00M | $165.00M | $129.00M | $106.00M | $108.00M | $124.00M | $105.00M | $86.00M | $80.00M | $68.00M | $77.00M | $78.00M | $84.00M | $170.00M | $81.00M |
| Deferred Tax Liabilities Non-Current | $- | $- | $267.00M | $174.00M | $239.00M | $206.00M | $147.00M | $193.00M | $211.00M | $219.00M | $250.00M | $254.00M | $271.00M | $253.00M | $282.00M | $207.00M | $265.00M | $235.00M | $236.00M | $242.00M |
| Other Non-Current Liabilities | $377.00M | $397.00M | $- | $- | $- | $- | $- | $323.00M | $211.00M | $333.00M | $422.00M | $474.00M | $125.00M | $466.00M | $491.00M | $478.00M | $204.00M | $543.00M | $552.00M | $434.00M |
| Total Non-Current Liabilities | $4.17B | $4.11B | $6.35B | $6.23B | $6.32B | $6.38B | $6.31B | $6.07B | $6.17B | $6.32B | $6.13B | $5.71B | $5.75B | $5.82B | $5.83B | $5.89B | $5.94B | $6.00B | $614.00M | $499.00M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $20.72B | $19.38B | $19.53B | $18.42B | $18.33B | $17.79B | $17.75B | $17.05B | $17.88B | $18.46B | $18.03B | $16.78B | $16.20B | $15.78B | $15.70B | $15.36B | $15.54B | $14.62B | $9.04B | $8.50B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M |
| Retained Earnings | $20.05B | $18.11B | $16.52B | $18.39B | $16.97B | $15.67B | $14.50B | $13.20B | $12.05B | $10.97B | $15.66B | $14.80B | $14.19B | $13.66B | $12.86B | $12.04B | $11.11B | $9.96B | $8.83B | $7.89B |
| Accumulated Other Comprehensive Income Loss | $19.32B | $16.73B | $15.46B | $11.89B | $9.66B | $8.51B | $8.79B | $7.65B | $6.14B | $5.40B | $22.00M | $1.29B | $3.73B | $3.59B | $4.73B | $4.93B | $6.30B | $4.68B | $5.83B | $1.58B |
| Other Total Stockholders Equity | $28.48B | $28.65B | $29.22B | $29.04B | $29.28B | $29.76B | $30.29B | $30.13B | $29.91B | $30.85B | $31.55B | $32.34B | $32.40B | $32.70B | $34.17B | $35.24B | $34.83B | $34.69B | $34.55B | $34.39B |
| Total Stockholders Equity | $67.86B | $63.48B | $61.21B | $59.32B | $55.91B | $53.93B | $53.58B | $50.98B | $48.10B | $47.22B | $47.24B | $48.43B | $50.32B | $49.95B | $51.77B | $52.21B | $52.24B | $49.34B | $49.22B | $43.87B |
| Total Equity | $69.73B | $65.23B | $62.88B | $60.76B | $57.20B | $55.17B | $54.71B | $52.06B | $49.13B | $48.29B | $48.28B | $49.22B | $51.05B | $50.62B | $52.36B | $52.74B | $52.73B | $49.45B | $49.32B | $43.95B |
| Total Liabilities and Stockholders Equity | $90.44B | $84.61B | $82.41B | $79.18B | $75.54B | $72.96B | $72.47B | $69.11B | $67.01B | $66.75B | $66.31B | $66.00B | $67.25B | $66.39B | $68.06B | $68.11B | $68.27B | $64.07B | $58.36B | $52.46B |
| Minority Interest | $1.86B | $1.74B | $1.67B | $1.44B | $1.29B | $1.23B | $1.14B | $1.08B | $1.03B | $1.07B | $1.04B | $789.00M | $738.00M | $662.00M | $583.00M | $532.00M | $486.00M | $104.00M | $101.00M | $87.00M |
| Total Liabilities and Total Equity | $90.44B | $84.61B | $82.41B | $79.18B | $75.54B | $72.96B | $72.47B | $69.11B | $67.01B | $66.75B | $66.31B | $66.00B | $67.25B | $66.39B | $68.06B | $68.11B | $68.27B | $64.07B | $58.36B | $52.46B |
| Total Investments | $43.94B | $42.56B | $38.14B | $37.39B | $29.81B | $28.80B | $28.00B | $25.69B | $25.66B | $24.76B | $23.43B | $26.52B | $29.24B | $30.43B | $31.43B | $29.07B | $30.22B | $28.55B | $21.71B | $15.62B |
| Total Debt | $3.90B | $3.83B | $6.03B | $6.00B | $6.05B | $6.14B | $6.12B | $5.86B | $5.96B | $6.09B | $5.80B | $5.33B | $5.36B | $5.45B | $5.44B | $5.53B | $5.50B | $5.53B | $136.00M | $132.00M |
| Net Debt | $-9.27B | $-6.38B | $-6.22B | $-4.22B | $-7.52B | $-6.24B | $-6.83B | $-6.27B | $-3.59B | $-2.49B | $-4.25B | $-3.03B | $-1.23B | $374.00M | $-1.38B | $-4.75B | $-5.63B | $-4.11B | $-11.64B | $-12.13B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $6.64B | $6.04B | $4.37B | $3.63B | $4.63B |
| Depreciation and Amortization | $- | $1.00B | $1.16B | $1.00B | $824.00M |
| Deferred Income Tax | $- | $- | $- | $-196.00M | $-64.00M |
| Stock Based Compensation | $681.00M | $670.00M | $665.00M | $647.00M | $569.00M |
| Change in Working Capital | $- | $786.00M | $2.22B | $573.00M | $-497.00M |
| Accounts Receivables | $- | $-204.00M | $906.00M | $-769.00M | $-520.00M |
| Inventory | $- | $7.00M | $10.00M | $-6.00M | $8.00M |
| Accounts Payables | $- | $52.00M | $663.00M | $631.00M | $644.00M |
| Other Working Capital | $- | $931.00M | $642.00M | $717.00M | $-629.00M |
| Other Non Cash Items | $2.95B | $-1.17B | $-938.00M | $-418.00M | $-579.00M |
| Net Cash Provided by Operating Activities | $10.28B | $7.34B | $7.48B | $5.24B | $4.88B |
| Investments in Property Plant and Equipment | $- | $-165.00M | $-1.05B | $-2.76B | $-501.00M |
| Acquisitions Net | $- | $-9.00M | $-144.00M | $-1.71B | $-525.00M |
| Purchases of Investments | $- | $-13.69B | $-34.71B | $-17.51B | $-33.56B |
| Sales Maturities of Investments | $- | $12.83B | $34.38B | $15.89B | $20.34B |
| Other Investing Activities | $-6.82B | $-829.00M | $78.00M | $89.00M | $46.00M |
| Net Cash Used for Investing Activities | $-6.82B | $-1.86B | $-1.45B | $-6.00B | $-14.21B |
| Debt Repayment | $- | $-116.00M | $-130.00M | $-116.00M | $5.33B |
| Common Stock Issued | $- | $52.00M | $- | $- | $- |
| Common Stock Repurchased | $- | $-1.25B | $-3.13B | $-3.48B | $-134.00M |
| Dividends Paid | $- | $- | $-74.00M | $-88.00M | $- |
| Other Financing Activities | $-3.83B | $-225.00M | $-91.00M | $-40.00M | $96.00M |
| Net Cash Used Provided by Financing Activities | $-3.83B | $-1.54B | $-3.42B | $-3.71B | $5.29B |
| Effect of Forex Changes on Cash | $-30.00M | $76.00M | $348.00M | $-67.00M | $-269.00M |
| Net Change in Cash | $-403.00M | $4.01B | $2.96B | $-4.54B | $-4.30B |
| Cash at End of Period | $13.16B | $13.57B | $9.55B | $6.59B | $11.13B |
| Cash at Beginning of Period | $13.57B | $9.55B | $6.59B | $11.13B | $15.43B |
| Operating Cash Flow | $10.28B | $7.34B | $7.48B | $5.24B | $4.88B |
| Capital Expenditure | $- | $-1.16B | $-1.05B | $-2.76B | $-501.00M |
| Free Cash Flow | $10.28B | $6.17B | $6.43B | $2.48B | $4.38B |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $1.96B | $1.58B | $- | $1.42B | $1.31B | $1.17B | $1.30B | $1.15B | $-1.47B | $1.06B | $856.00M | $609.00M | $536.00M | $740.00M | $827.00M | $926.00M | $1.20B | $1.13B | $939.00M | $887.00M |
| Depreciation and Amortization | $- | $- | $- | $- | $861.00M | $- | $- | $- | $1.02B | $- | $- | $- | $869.00M | $- | $- | $- | $708.00M | $- | $233.00M | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $-2.10B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $156.00M | $168.00M | $- | $193.00M | $117.00M | $185.00M | $166.00M | $202.00M | $167.00M | $226.00M | $226.00M | $204.00M | $201.00M | $202.00M | $187.00M | $162.00M | $140.00M | $153.00M | $139.00M | $137.00M |
| Change in Working Capital | $- | $- | $- | $- | $734.00M | $- | $- | $- | $916.00M | $- | $- | $- | $-58.00M | $- | $- | $- | $-1.14B | $- | $- | $- |
| Accounts Receivables | $- | $- | $- | $- | $-204.00M | $- | $- | $- | $906.00M | $- | $- | $- | $-769.00M | $- | $- | $- | $-520.00M | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $7.00M | $- | $- | $- | $10.00M | $- | $- | $- | $-6.00M | $- | $- | $- | $8.00M | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $-642.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $- | $- | $- | $- | $931.00M | $- | $- | $- | $642.00M | $- | $- | $- | $717.00M | $- | $- | $- | $-629.00M | $- | $- | $- |
| Other Non Cash Items | $367.00M | $414.00M | $2.94B | $1.07B | $-1.04B | $88.00M | $603.00M | $502.00M | $3.96B | $-35.00M | $159.00M | $1.89B | $286.00M | $855.00M | $117.00M | $952.00M | $667.00M | $-616.00M | $500.00M | $179.00M |
| Net Cash Provided by Operating Activities | $2.48B | $2.17B | $2.94B | $2.69B | $1.98B | $1.44B | $2.07B | $1.85B | $2.49B | $1.25B | $1.24B | $2.49B | $822.00M | $1.59B | $944.00M | $1.88B | $1.86B | $516.00M | $1.44B | $1.07B |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $-165.00M | $- | $- | $- | $-85.00M | $- | $- | $- | $-159.00M | $- | $- | $- | $-108.00M | $- | $-65.00M | $- |
| Acquisitions Net | $- | $- | $- | $- | $-9.00M | $- | $- | $- | $-165.00M | $- | $- | $- | $-2.08B | $- | $- | $- | $-540.00M | $- | $-240.00M | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.87B | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $363.00M | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $1.32B | $-3.34B | $693.00M | $-5.50B | $-19.00M | $-1.14B | $-1.34B | $811.00M | $-858.00M | $-1.24B | $1.23B | $-329.00M | $996.00M | $-1.69B | $-2.92B | $-2.38B | $505.00M | $-7.89B | $-2.07B | $-4.10B |
| Net Cash Used for Investing Activities | $1.32B | $-3.34B | $693.00M | $-5.50B | $-193.00M | $-1.14B | $-1.34B | $811.00M | $-1.11B | $-1.24B | $1.23B | $-329.00M | $996.00M | $-1.69B | $-2.92B | $-2.38B | $-143.00M | $-7.89B | $-2.07B | $-4.10B |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-44.00M | $-29.00M | $- | $- | $- | $-23.00M | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $-1.35B | $- | $- | $- | $-3.15B | $- | $-967.00M | $-319.00M | $-3.58B | $- | $- | $-327.00M | $-180.00M | $- | $-152.00M | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $-74.00M | $- | $- | $- | $-88.00M | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-815.00M | $-882.00M | $-1.61B | $-522.00M | $-576.00M | $-849.00M | $-33.00M | $-80.00M | $-309.00M | $-1.67B | $38.00M | $-50.00M | $-198.00M | $-1.65B | $-1.40B | $-22.00M | $19.00M | $5.43B | $-25.00M | $-131.00M |
| Net Cash Used Provided by Financing Activities | $-815.00M | $-882.00M | $-1.61B | $-522.00M | $-576.00M | $-849.00M | $-33.00M | $-80.00M | $-383.00M | $-1.67B | $-973.00M | $-395.00M | $-286.00M | $-1.65B | $-1.40B | $-372.00M | $19.00M | $5.43B | $-25.00M | $-131.00M |
| Effect of Forex Changes on Cash | $-34.00M | $12.00M | $7.00M | $-15.00M | $-22.00M | $-19.00M | $126.00M | $-9.00M | $-30.00M | $197.00M | $189.00M | $-8.00M | $-19.00M | $4.00M | $-74.00M | $22.00M | $-253.00M | $-185.00M | $168.00M | $1.00M |
| Net Change in Cash | $2.96B | $-2.04B | $2.03B | $-3.35B | $1.19B | $-569.00M | $821.00M | $2.57B | $973.00M | $-1.46B | $1.69B | $1.76B | $1.51B | $-1.74B | $-3.45B | $-854.00M | $1.49B | $-2.13B | $-490.00M | $-3.16B |
| Cash at End of Period | $13.16B | $10.21B | $12.25B | $10.22B | $13.57B | $12.38B | $12.95B | $12.13B | $9.55B | $8.58B | $10.04B | $8.35B | $6.59B | $5.08B | $6.82B | $10.27B | $11.13B | $9.64B | $11.78B | $12.27B |
| Cash at Beginning of Period | $10.21B | $12.25B | $10.22B | $13.57B | $12.38B | $12.95B | $12.13B | $9.55B | $8.58B | $10.04B | $8.35B | $6.59B | $5.08B | $6.82B | $10.27B | $11.13B | $9.64B | $11.78B | $12.27B | $15.43B |
| Operating Cash Flow | $2.48B | $2.17B | $2.94B | $2.69B | $1.98B | $1.44B | $2.07B | $1.85B | $2.49B | $1.25B | $1.24B | $2.49B | $822.00M | $1.59B | $944.00M | $1.88B | $1.86B | $516.00M | $1.44B | $1.07B |
| Capital Expenditure | $- | $- | $- | $- | $-165.00M | $- | $- | $- | $-85.00M | $- | $- | $- | $-159.00M | $- | $- | $- | $-108.00M | $- | $-65.00M | $- |
| Free Cash Flow | $2.48B | $2.17B | $2.94B | $2.69B | $1.81B | $1.44B | $2.07B | $1.85B | $2.41B | $1.25B | $1.24B | $2.49B | $663.00M | $1.59B | $944.00M | $1.88B | $1.76B | $516.00M | $1.37B | $1.07B |
Tencent Music Entertainment Group Dividends
Explore Tencent Music Entertainment Group's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
-
Dividend Payout Ratio
-
Dividend Paid & Capex Coverage Ratio
0.00x
Tencent Music Entertainment Group Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.18 | $0.18 | April 03, 2025 | April 03, 2025 | April 24, 2025 | March 18, 2025 |
| $0.137 | $0.137 | May 31, 2024 | May 31, 2024 | June 27, 2024 | May 13, 2024 |
Tencent Music Entertainment Group News
Read the latest news about Tencent Music Entertainment Group, including recent articles, headlines, and updates.
Tencent Music beats estimates as AI enhances user experience
Tencent Music Entertainment Group shares surged following fourth-quarter earnings that exceeded expectations that reinforced its strategic focus on high-quality growth and artificial intelligence (AI) to enhance user engagement. Tencent Music's total revenue rose 8.2% year-over-year to RMB7.46 billion, exceeding consensus estimates by 2.2%.
Tencent Music Entertainment Group (TME) Q4 2024 Earnings Call Transcript
Tencent Music Entertainment Group (NYSE:TME ) Q4 2024 Earnings Conference Call March 18, 2025 7:00 AM ET Company Participants Millicent Tu - Head of Investor Relations Cussion Pang - Executive Chairman Ross Liang - Chief Executive Officer Shirley Hu - Chief Financial Officer Conference Call Participants Alicia Yap - Citi Lincoln Kong - Goldman Sachs Group, Inc. Fang Wei - Mizuho Securities Wei Xiong - UBS Alex Yao - JP Morgan Millicent Tu Good evening and good morning, and welcome to Tencent Music Entertainment Group's Fourth Quarter and Full Year 2024 Earnings Conference Call. I'm Millicent Tu.
TME vs. RELX: Which Stock Is the Better Value Option?
Investors interested in stocks from the Internet - Content sector have probably already heard of Tencent Music Entertainment Group Sponsored ADR (TME) and RELX PLC (RELX). But which of these two stocks offers value investors a better bang for their buck right now?
TME or TTGT: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Internet - Content sector have probably already heard of Tencent Music Entertainment Group Sponsored ADR (TME) and TechTarget (TTGT). But which of these two stocks offers value investors a better bang for their buck right now?
Here's Why Tencent Music Entertainment Group (TME) is Poised for a Turnaround After Losing -12.04% in 4 Weeks
The heavy selling pressure might have exhausted for Tencent Music Entertainment Group (TME) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Tencent Music Entertainment Group (TME) Q3 2024 Earnings Call Transcript
Tencent Music Entertainment Group (NYSE:TME ) Q3 2024 Earnings Conference Call November 12, 2024 6:00 AM ET Company Participants Millicent Tu - Head of Investor Relations Cussion Pang - Executive Chairman Ross Liang - Chief Executive Officer Shirley Hu - Chief Financial Officer Conference Call Participants Yang Liu - Morgan Stanley Lincoln Kong - Goldman Sachs Group, Inc. Alicia Yap - Citigroup Inc. Lei Zhang - Bank of America Merrill Lynch Fang Wei - Mizuho Securities USA Wei Xiong - UBS Maggie Ye - CLSA Thomas Chong - Jefferies Millicent Tu Good evening, good morning, and welcome to Tencent Music Entertainment Group's Third Quarter 2024 Earnings Conference Call. I'm Millicent Tu, Head of IR.
Tencent Music users tune out of karaoke, live streaming services
China's Spotify analogue Tencent Music Entertainment Group posted 6.8% increase in total revenues for the third quarter of 2024, hitting 7.02 billion Chinese yuan (around US$1 billion). TME attributed the increase to higher music subscriptions, although this was partially offset by lower revenues from “social entertainment services and others”.
TME vs. TTGT: Which Stock Is the Better Value Option?
Investors looking for stocks in the Internet - Content sector might want to consider either Tencent Music Entertainment Group Sponsored ADR (TME) or TechTarget (TTGT). But which of these two stocks presents investors with the better value opportunity right now?
Wall Street Analysts Believe Tencent Music Entertainment Group (TME) Could Rally 26.83%: Here's is How to Trade
The consensus price target hints at a 26.8% upside potential for Tencent Music Entertainment Group (TME). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Tencent Music Entertainment Group Inks Strategic Partnership with Galaxy Corporation
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.
Many Things To Like About Tencent Music Entertainment
I maintain a Buy rating for Tencent Music Entertainment, taking into consideration the multiple positives for the stock. TME's online music services revenue is resilient despite China's economic slowdown. The introduction of the new higher-priced Super VIP plan is expected to enhance ARPPU and drive future revenue growth for TME.
3 Key Stocks to Ride China's Stimulus-Driven Growth
China's economy has struggled in recent months amid a depressed level of consumer confidence and a devastating housing bust coupled with weak credit demand. Late in September—just after the U.S. Federal Reserve announced its first federal funds rate cut in several years—the People's Bank of China unveiled a three-part monetary stimulus program to reduce reserve requirement ratios (the amount of cash banks are required to keep on hand), mortgage rates and down payment requirements, and more.
Tencent Music Entertainment Group Launches Global Music Outreach Initiative
Singapore Kicks Off the First Stop of TME's Music Journey to the World SHENZHEN, China , Sept. 12, 2024 /PRNewswire/ -- On September 11, 2024 , Tencent Music Entertainment Group (TME) announced the launch of its Global Music Outreach Initiative, which will bring together talented Chinese music artists and their works to be showcased on prominent stages worldwide.
Tencent Music Entertainment Group (TME) Q2 2024 Earnings Call Transcript
Tencent Music Entertainment Group (NYSE:TME ) Q2 2024 Results Conference Call August 13, 2024 7:00 AM ET Company Participants Millicent Tu - Head of IR Cussion Pang - Executive Chairman Ross Liang - CEO Shirley Hu - CFO Conference Call Participants Alicia Yap - Citigroup Lincoln Kong - Goldman Sachs Alex Poon - Morgan Stanley Lei Zhang - Bank of America Merrill Lynch Wei Xiong - UBS Thomas Chong - Jefferies Millicent Tu Good evening, and good morning, and welcome to Tencent Music Entertainment Second Quarter 2024 Earnings Conference Call. I'm Millicent Tu, Head of IR.
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