Tencent Music Entertainment Group 

Tencent Music Entertainment Group is a holding company, which engages in the operation of an online music and audio entertainment platform. Its platform is composed of online music, online audio, online karaoke, music-centric live streaming, and online concert services. The company was founded on June 6, 2012 and is headquartered in Shenzhen, China.

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Tencent Music reports strong Q4 earnings, eyes online music growth

TME's Q4 2022 showcased robust financial results, strategic initiatives, and a positive outlook for 2023, emphasizing revenue growth, margin improvements, and user-centric innovations.
The company's strengths in content, technology integration, and partnerships position it well for future growth, while challenges in cost management and market competition require strategic focus.
With opportunities in online music services, AI investments, and content collaborations, TME is poised to capitalize on industry trends and drive sustainable performance in the coming year.

Tencent Music reports strong Q1 earnings, eyes WeChat growth

TME's Q1 2023 showcased strong financial performance, driven by revenue growth and operational efficiencies.
Strategic collaborations, user experience enhancements, and IoT services are key strengths.
Challenges include balancing service growth, managing expenses, and transitioning users to paid subscriptions.
Opportunities lie in revenue growth expectations, WeChat cooperation, and innovative applications for growth.

Tencent Music reports solid Q2 earnings, eyes IoT growth

TME's Q2 performance showcased revenue growth, profitability improvements, and a shift in revenue sources. While facing challenges in certain service segments, the company is leveraging strategic partnerships and operational efficiencies to drive sustainable growth. TME is well-positioned to capitalize on IoT opportunities and continue its focus on content expansion and user experience enhancements.

Tencent Music reports robust Q3 results, eyes growth opportunities

TME's Q3 performance showcased strong growth in online music services and subscription revenues
Despite challenges in social entertainment, TME's financials improved with enhanced partnerships and technology capabilities
The company's focus on ESG initiatives, shareholder returns, and AI strategies positions it for future growth
TME's disciplined cost management and share repurchase program reflect a commitment to creating shareholder value

Tencent Music reports robust earnings, eyes growth through content and AI

TME's strong financial performance, focus on content value, and leveraging AI tools position the company for growth despite market challenges.
Efficient cost management, successful partnerships, and a commitment to social responsibility contribute to TME's resilience and competitive edge.
Opportunities in user engagement, technology adoption, and content innovation provide avenues for TME to drive future growth and profitability.
Balancing challenges like market dynamics and competition with strategic initiatives and innovation will be key for TME's success in 2024.

Tencent Music reports robust Q1 performance and growth strategies

Tencent Music Entertainment Group (TME) is strategically positioned for growth with a strong focus on user engagement, content development, and revenue diversification.
While facing challenges in areas like user retention and profitability optimization, TME's initiatives and business models present opportunities for sustained growth and market expansion.
By prioritizing shareholder value through dividend policy and aiming for sustainable long-term development, TME demonstrates a commitment to investor returns and strategic growth.

Tencent Music Entertainment Group reports stellar Q2 performance and eyes growth opportunities

TME's Q2 2024 performance reflects strong growth in online music services, net profit, and user engagement, supported by strategic initiatives.
While facing challenges in ARPPU growth and market competition, TME's financial strength, content popularity, and membership program present growth opportunities.
Management's focus on cost optimization, margin improvement, and future growth strategies underpins a positive outlook for TME in the second half of 2024.

Tencent Music reports robust Q3 earnings, eyes strategic growth

TME's Q3 performance reflects strong financial growth, user engagement, and strategic initiatives to enhance content offerings and membership benefits, positioning the company for continued success.
While facing challenges in a competitive market, TME's focus on financial stability, user experience, and content diversification presents opportunities for sustained growth and market leadership.

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Tencent Music Entertainment Group engages in the business of operating online music entertainment platforms to provide music streaming, online karaoke, and live streaming services. Its product brands include QQ Music, Kugou Music, Kuwo Music, and WeSing. The company was founded on June 6, 2012 and is headquartered in Shenzhen, China.

Tencent Music Entertainment Group NYSE: TME is the largest music streaming company in China. The company's shares have been a bright spot for investors in the country over the past 52 weeks, providing a total return of 84%.

Why You Shouldn't Count Out Tencent Music Stock After Earnings

BofA Securities analyst Lei Zhang reiterated a Buy rating on Tencent Music Entertainment Group – ADR TME with a price target of $15, down from $18.

Tencent Music's Average Revenue Per User Focus Signals Potential Profit Growth, Says Analyst

Tencent Music Entertainment (NYSE: TME ) stock is falling on Tuesday after the online music entertainment platform company reported earnings for the second quarter of 2024. The bad news for investors in TME stock starts with its adjusted earnings per share of 65 cents.

Tencent News: Why Is TME Stock Plunging 15% Today?

American depositary receipts (ADRs) of Tencent Music Entertainment Group (TME) sank Tuesday after the Chinese music streaming service posted worse-than-expected social entertainment services revenue as it dealt with government restrictions on the industry.

Tencent US-Listed Stock Dives as Karaoke Unit Revenue Plummets

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Tuesday.

On Holding Reports Mixed Q2 Results, Joins Tencent Music Entertainment And Other Big Stocks Moving Lower In Tuesday Pre-Market Session

Tencent Music Entertainment Group's New York listed shares slumped in Tuesday's pre-market session as the Chinese streaming giant said a sharp drop in the number of people using its karaoke platforms had driven a slump in its second quarter revenue.

Tencent Music Entertainment shares slump on drop in karaoke platform users

Tencent Music Entertainment topped estimates for quarterly revenue on Tuesday as its paid subscriber base grew across its music streaming platforms, sending its U.S. listed shares up 2.4% in premarket trading.

Tencent Music Entertainment beats quarterly revenue estimates

SHENZHEN, China , Aug. 13, 2024 /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 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.

Tencent Music Entertainment Group Announces Second Quarter 2024 Unaudited Financial Results

SHENZHEN, China , July 26, 2024 /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 Ms. Linlin Chen has tendered her resignation from her position as the Company's Group Vice President and other relevant roles for personal reasons, effective September 30, 2024.

Tencent Music Entertainment Group Announces Management Change

SHENZHEN, China , July 12, 2024 /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 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.

Tencent Music Entertainment Group to Report Second Quarter 2024 Financial Results on August 13, 2024

SHENZHEN, China , June 28, 2024 /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 its annual general meeting (the "AGM") was held in Hong Kong on June 28, 2024 and all the proposed resolutions set out in the notice of the AGM dated May 21, 2024 were duly passed at the AGM. About Tencent Music Entertainment Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing.

Tencent Music Entertainment Group Announces Poll Results of the 2024 Annual General Meeting

Tencent Music Entertainment Group (TME) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Tencent Music Entertainment Group (TME) Stock

Does Tencent Music Entertainment Group Sponsored ADR (TME) have what it takes to be a top stock pick for momentum investors? Let's find out.

Tencent Music Entertainment Group Sponsored ADR (TME) is a Great Momentum Stock: Should You Buy?

SHENZHEN, China , May 21, 2024 /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 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 28, 2024 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").

Tencent Music Entertainment Group to Hold Annual General Meeting on June 28, 2024

Tencent Music Entertainment (NYSE:TME ) Q1 2024 Earnings Conference Call May 13, 2024 7:00 AM ET Company Participants Millicent Tu - Head of Investor Relations Cussion Kar Shun Pang - Executive Chairman Zhu Liang - Chief Executive Officer Min Hu - Chief Financial Officer Conference Call Participants Alicia Yap - Citigroup Alex Poon - Morgan Stanley Lincoln Kong - Goldman Sachs Zhang Lei - Bank of America Merrill Lynch Ellie Jiang - Macquarie Wei Fang - Mizuho Securities Thomas Chong - Jefferies Millicent Tu Good evening, good morning, and welcome to Tencent Music Entertainment Group's First Quarter 2024 Earnings Conference Call. I'm Millicent Tu, Head of IR.

Tencent Music Entertainment (TME) Q1 2024 Earnings Call Transcript

China's Tencent Music Entertainment Group (TME) faced a mixed financial landscape in the first quarter of fiscal year 2024, as announced on Monday. Tencent Music revenue dips, but profits grow While the company saw a slight revenue decrease of 3.4%, falling to $937 million, it successfully boosted its net profit by 27.

Tencent Music sees 27.5% jump in net profits despite revenue dip to $937 M in Q1

China's Tencent Music Entertainment Group , beat first-quarter revenue estimates on Monday, thanks to steady growth in paid subscriptions and advertising services on its Spotify-like music streaming platform.

Tencent Music beats quarterly revenue estimates

SHENZHEN, China , May 13, 2024 /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 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.

Tencent Music Entertainment Group Announces First Quarter 2024 Unaudited Financial Results and Annual Dividend Plan

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SHENZHEN, China , April 18, 2024 /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 has filed its annual report on Form 20-F that includes its audited financial statements for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC") on April 18, 2024, U. S. Eastern Time.

Tencent Music Entertainment Group Filed 2023 Annual Report on Form 20-F

SHENZHEN, China , April 15, 2024 /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 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.

Tencent Music Entertainment Group to Report First Quarter 2024 Financial Results on May 13, 2024

Options traders are targeting Tencent Music Entertainment Group (NYSE:TME) today, as the stock jumps to its highest level since July 2021.

Options Traders Target Tencent Music Entertainment Stock

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SHENZHEN, China , March 22, 2024 /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 Mr. Zhenyu Xie has tendered his resignation from his executive positions as the Company's President, Chief Technology Officer and other relevant roles, along with his position as a member of the board of directors (the "Board").

News for Tencent Music Entertainment Group Stock (TME)