Tencent Music Entertainment Group

TME · NYSE · Communication Services / Internet Content & Information

9.05USD+0.03 (+0.33%)

Price History

Full chart

Market Stats

Previous Close9.02

Open9.00

Day Range8.82 – 9.06

52-Week Range7.70 – 23.23

Volume6.95M

Market Cap13.64B

P/E (TTM)9.85

Forward P/E7.69

EPS0.85

Dividend Yield2.86%

Beta0.82

50-Day Avg8.69

200-Day Avg11.38

About

Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. It provides QQ Music, Kugou Music, and Kuwo Music that enable users to discover, enjoy, and share music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with audience base; and Lazy Audio, an audio platform. In addition, it sells artist-related merchandise, such as branded apparel, posters and art prints, and accessories; other music services, such as content licensing, sales of digital albums, sales of customized artist-related merchandises, live performances and concerts, and artist management services; and music subscriptions, as well as offers advertising services across its social entertainment platforms. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group operates as a subsidiary of Tencent Holdings Limited.

Company Details

SectorCommunication Services
IndustryInternet Content & Information
CEOMr. Zhu Liang
Employees5.69K
HeadquartersBuilding D, Shenzhen, China, 518057, USA
Websitehttps://www.tencentmusic.com

Leadership

Mr. Kar Shun PangExecutive Chairman · b. 1974
Mr. Zhu LiangCEO & Director · b. 1976
Ms. Min HuCFO & Director · b. 1972
Ms. T. MillicentHead of IR
Mr. Brent Richard IrvinCorporate VP, General Counsel & Director · b. 1973

Financials

Income Statement

Currency: CNY	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	4.36B	10.98B	18.98B	25.43B	29.15B	31.24B	28.34B	27.75B	28.40B	32.90B
Growth (%)	-	+151.80%	+72.89%	+33.97%	+14.62%	+7.17%	-9.30%	-2.07%	+2.34%	+15.85%
Cost of Revenue	3.13B	7.17B	11.71B	16.76B	19.85B	21.84B	19.57B	17.96B	16.38B	18.37B
Gross Profit	1.23B	3.81B	7.28B	8.67B	9.30B	9.40B	8.77B	9.79B	12.03B	14.54B
Gross Margin	28.25%	34.70%	38.33%	34.10%	31.91%	30.10%	30.96%	35.29%	42.34%	44.18%
Operating Expense	1.13B	2.22B	5.24B	4.05B	4.59B	5.60B	4.33B	3.74B	3.31B	4.80B
Operating Income	103.00M	1.59B	2.04B	4.62B	4.71B	3.80B	4.44B	6.06B	8.71B	9.74B
Operating Margin	2.36%	14.51%	10.74%	18.17%	16.16%	12.16%	15.68%	21.83%	30.67%	29.59%
EBITDA	329.00M	1.98B	2.41B	4.61B	5.55B	4.75B	5.65B	5.72B	9.81B	14.77B
EBITDA Margin	7.54%	17.99%	12.68%	18.12%	19.05%	15.21%	19.93%	20.61%	34.56%	44.90%
Net Income	82.00M	1.33B	1.83B	3.98B	4.16B	3.03B	3.68B	4.92B	6.64B	11.06B
Net Income Margin	1.88%	12.08%	9.65%	15.66%	14.25%	9.69%	12.98%	17.73%	23.39%	33.60%
R&D	449.00M	797.00M	937.00M	1.16B	1.67B	2.34B	2.58B	2.52B	2.28B	2.32B
R&D as % of Total Revenue	10.30%	7.26%	4.94%	4.56%	5.72%	7.49%	9.10%	9.10%	8.03%	7.04%
Interest Expense	0	0	35.00M	64.00M	97.00M	121.00M	115.00M	124.00M	124.00M	122.00M
Interest Expense % of Total Revenue	0.00%	0.00%	0.18%	0.25%	0.33%	0.39%	0.41%	0.45%	0.44%	0.37%

Balance Sheet

Currency: CNY	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	23.54B	30.00B	44.60B	7.56B	68.27B	67.25B	67.01B	75.54B	90.44B	102.59B
Total Liabilities	2.90B	3.85B	6.83B	1.29B	15.54B	16.20B	17.88B	18.33B	20.72B	19.48B
Total Equity	20.63B	26.15B	37.77B	6.26B	52.24B	50.32B	48.10B	55.91B	67.86B	80.34B
Cash	3.07B	5.17B	17.36B	2.21B	11.13B	6.59B	9.55B	13.57B	13.16B	8.49B
Total Debt	74.00M	229.00M	338.00M	21.10M	5.50B	5.36B	5.96B	6.05B	6.05B	3.82B
Net Debt	-3.07B	-5.17B	-17.36B	-2.19B	-5.63B	-1.23B	-3.59B	-7.52B	-7.11B	-4.67B

Cash Flow

Currency: CNY	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	873.00M	2.50B	5.63B	6.20B	4.88B	5.24B	7.48B	7.34B	10.28B	10.16B
Investing Cash Flow	496.00M	-483.00M	-1.19B	-8.10B	-14.21B	-6.00B	-1.45B	-1.86B	-6.82B	-10.27B
Financing Cash Flow	1.71B	99.00M	7.74B	-31.00M	5.29B	-3.71B	-3.42B	-1.54B	-3.83B	-4.41B
Capital Expenditure	41.00M	77.00M	144.00M	286.00M	501.00M	2.76B	1.05B	1.16B	1.03B	296.69M
Free Cash Flow	832.00M	2.42B	5.49B	5.91B	4.38B	2.48B	6.43B	6.17B	9.24B	9.86B
Dividends Paid	0	0	19.00M	127.00M	0	106.00M	74.00M	0	1.51B	1.93B
FCF to OCF	95.30%	96.92%	97.44%	95.39%	89.74%	47.36%	85.92%	84.14%	89.96%	97.08%
Dividend Paid to FCF	0.00%	0.00%	0.35%	2.15%	0.00%	4.27%	1.15%	0.00%	16.32%	19.54%

Earnings

Report Date	Dec 12, 2018	Mar 19, 2019	May 13, 2019	Aug 12, 2019	Nov 11, 2019	Mar 16, 2020	May 11, 2020	Aug 10, 2020	Nov 10, 2020	Mar 22, 2021	May 17, 2021	Aug 16, 2021	Nov 8, 2021	Mar 21, 2022	May 16, 2022	Aug 15, 2022	Nov 15, 2022	Mar 21, 2023	May 16, 2023	Aug 15, 2023	Nov 14, 2023	Mar 19, 2024	May 13, 2024	Aug 13, 2024	Nov 12, 2024	Mar 18, 2025	May 13, 2025	Aug 12, 2025	Nov 12, 2025	Mar 17, 2026	May 12, 2026	Aug 11, 2026	Nov 11, 2026
EPS Estimate	0.00	0.57	0.68	0.59	0.65	0.70	0.63	0.64	0.70	0.81	0.71	0.60	0.49	0.50	0.53	0.56	0.72	0.89	0.80	0.98	0.88	0.98	1.01	1.18	1.19	1.22	1.32	1.47	1.52	1.54	1.43	0.23	0.20
EPS Actual	0.09	0.57	0.72	0.67	0.74	0.80	0.66	0.69	0.80	0.80	0.69	0.66	0.61	0.50	0.54	0.63	0.86	0.91	0.89	0.97	0.89	1.00	1.09	1.19	1.16	1.26	1.37	1.66	1.54	1.60	1.46	0.24	-
Surprise	-	0.00%	5.88%	13.56%	13.85%	14.29%	4.76%	7.81%	14.29%	-1.23%	-2.82%	10.00%	24.49%	0.00%	1.89%	12.50%	19.44%	2.25%	11.25%	-1.02%	1.14%	2.04%	7.92%	0.85%	-2.52%	3.28%	3.79%	12.93%	1.32%	3.90%	2.10%	4.35%	-
Timing	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	-	Pre-market	Pre-market	Pre-market	-	Pre-market	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap13.64B

Enterprise Value11.24B

Trailing P/E9.85

Forward P/E7.69

PEG Ratio1.88

Price / Sales0.40

Price / Book1.09

EPS0.85

Book Value7.44

Revenue (TTM)33.93B

Gross Profit (TTM)15.04B

EBITDA11.28B

Profit Margin26.28%

Operating Margin29.18%

Return on Equity10.97%

Return on Assets5.60%

Shares Outstanding797.29M

Shares Float652.33M

Beta0.82

Dividend Yield2.86%

Dividend Rate0.24

Payout Ratio4.96%

Analyst Ratings

Strong Buy

Based on 32 analystsTarget 13.18

Strong Buy
20
Buy
10
Hold
2

Ownership Breakdown

Institutions: 60.82%
Insiders: 0.00%
Retail / Other: 39.18%

Top Institutional Holders

Schroder Investment Management Group
45.63M2.80%
BlackRock Inc
31.59M1.94%
Krane Funds Advisors LLC
22.54M1.38%
Amvescap Plc.
22.40M1.37%
Overlook Investments LP
19.01M1.17%
JPMorgan Chase & Co
18.20M1.12%
ARGA Investment Management, LP
18.19M1.12%
Vanguard Capital Management, LLC
15.68M0.96%
Cantillon Capital Management LLC
13.38M0.82%
FMR Inc
12.04M0.74%
D. E. Shaw & Co LP
10.33M0.63%
State Street Corp
9.57M0.59%
Baillie Gifford & Co Limited.
8.63M0.53%
Morgan Stanley - Brokerage Accounts
8.12M0.50%

Top Fund Holders

Vanguard International Growth Inv
13.58M0.83%
KraneShares CSI China Internet ETF
12.73M0.78%
Hartford Schroders International Stk I
9.23M0.57%
Invesco Developing Markets A
8.66M0.53%
Vanguard Total Intl Stock Index Inv
7.42M0.46%
Vanguard Emerging Mkts Stock Idx Inv
7.19M0.44%

Dividends

20261×

0.24Apr 2, 2026

20251×

0.18Apr 3, 2025

20241×

0.14May 31, 2024