Tencent Music
About: Tencent Music is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
Employees: 5,185
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
166% more call options, than puts
Call options by funds: $55.2M | Put options by funds: $20.7M
0.32% more ownership
Funds ownership: 26.36% [Q3] → 26.68% (+0.32%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 9 [Q3] → 9 (+0) [Q4]
5% less capital invested
Capital invested by funds: $5.46B [Q3] → $5.2B (-$256M) [Q4]
6% less funds holding
Funds holding: 310 [Q3] → 290 (-20) [Q4]
23% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 115
27% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 64
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13
6%
upside
Avg. target
$15
22%
upside
High target
$17
38%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Mizuho Wei Fang 33% 1-year accuracy 2 / 6 met price target | 38%upside $17 | Outperform Maintained | 19 Mar 2025 |
Morgan Stanley Alex Poon 80% 1-year accuracy 4 / 5 met price target | 6%upside $13 | Overweight Upgraded | 21 Jan 2025 |
Financial journalist opinion
Based on 3 articles about TME published over the past 30 days
Positive
MarketBeat
3 weeks ago
4 Stocks Raising Dividends by More Than 10%
In a market where income-focused investors seek dividend reliability, four companies, from Wall Street heavyweights to international players, are stepping up with substantial payout hikes. JPMorgan Chase, Williams-Sonoma, Tencent Music Entertainment, and CareTrust REIT have each announced dividend increases of 10% or more, signaling financial strength and a strong commitment to shareholder returns.
Negative
Seeking Alpha
3 weeks ago
Tencent Music: Seizing Opportunities In Music Business Amid Hurdles
Tencent Music's 4Q24 shows strong growth in online music services but continued weakness in social entertainment, leading to a cautious stock outlook. Music subscription revenue grew 18% y/y, driven by increased paying users and ARPU, while social entertainment revenue declined 13% y/y. TME's valuation should focus on the music subscription segment, implying a 10% downside to $13/share, given the limited value of social entertainment.
Positive
The Motley Fool
4 weeks ago
Why Tencent Music Entertainment Group Was Music to Investor Ears This Week
The market very much liked what it heard coming from China's Tencent Music Entertainment Group (TME -1.96%) this week. A better-than-expected earnings report the company published on Tuesday was enough of a hit to rise the stock nearly 12% higher in price over the period, according to data compiled by S&P Global Market Intelligence.
Positive
Proactive Investors
1 month ago
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%.
Neutral
Seeking Alpha
1 month ago
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.
Positive
Reuters
1 month ago
Tencent Music Entertainment beats quarterly revenue estimates
Tencent Music Entertainment beat analysts' expectations for fourth-quarter revenue on Tuesday, backed by the strong growth of streaming services.
Neutral
PRNewsWire
1 month ago
Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2024 Unaudited Financial Results
SHENZHEN, China , March 18, 2025 /PRNewswire/ --Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), 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.
Neutral
Business Wire
1 month ago
Cancer Grand Challenges Announces Seven New Challenges Representing Some of the Toughest Questions Facing Cancer Research Today
BOSTON--(BUSINESS WIRE)--Cancer Grand Challenges announces seven new challenges representing some of the toughest questions facing cancer research today.
Neutral
PRNewsWire
1 month ago
Tencent Music Entertainment Group Announces Board Changes
SHENZHEN, China , Feb. 28, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), 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.
Neutral
PRNewsWire
1 month ago
Tencent Music Entertainment Group to Report Fourth Quarter and Full Year 2024 Financial Results on March 18, 2025
SHENZHEN, China , Feb. 18, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), 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.
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