What's Going On With Tencent Music Entertainment Shares On Thursday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
0mins
Should l Buy TME?
Source: Benzinga
Partnership Announcement: Tencent Music Entertainment Group (TME) has formed a strategic partnership with Galaxy Corporation for global musician G-Dragon's upcoming regional tour, enhancing TME's international presence in the music industry.
Market Impact: Despite this collaboration, TME shares are down 1.90% in premarket trading, currently priced at $11.90, as investors await the company's third-quarter results scheduled for November 12, 2024.
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Analyst Views on TME
Wall Street analysts forecast TME stock price to rise
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 9.880
Low
21.00
Averages
26.13
High
29.00
Current: 9.880
Low
21.00
Averages
26.13
High
29.00
About TME
Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Tencent Music Releases Annual Report for FY 2025
- Annual Report Submission: Tencent Music Entertainment Group filed its annual report with the SEC on April 17, 2026, which includes audited financial statements for the fiscal year ending December 31, 2025, reflecting the company's ongoing commitment to transparency and compliance.
- Report Access: Shareholders and American Depositary Shareholders can request a free hard copy of the annual report containing audited consolidated financial statements, enhancing shareholder engagement and strengthening trust between the company and its investors.
- Platform Overview: As China's leading online music and audio entertainment platform, Tencent Music operates popular apps such as QQ Music, Kugou Music, Kuwo Music, and WeSing, aiming to create endless possibilities through music and technology, thereby solidifying its market leadership.
- Diverse Services: Tencent Music's platform encompasses online music, audio, karaoke, live streaming, and online concert services, designed to provide music fans with a comprehensive experience to discover, listen, sing, watch, perform, and socialize, ultimately driving user engagement and market share growth.
See More
Tencent Music Releases Annual Report for FY 2025
- Annual Report Filing: Tencent Music Entertainment Group filed its annual report on Form 20-F with the SEC on April 17, 2026, which includes audited financial statements for the fiscal year ending December 31, 2025, reflecting the company's commitment to transparency and regulatory compliance.
- Report Access: Investors can access the annual report via TME's investor relations website and the SEC's site, and the company will provide hard copies of the report containing audited consolidated financial statements free of charge to shareholders upon request, enhancing investor communication.
- Platform Overview: As China's leading online music and audio entertainment platform, Tencent Music operates popular apps such as QQ Music, Kugou Music, Kuwo Music, and WeSing, aiming to create endless possibilities with music and technology, thereby solidifying its market leadership.
- Diverse Services: TME's platform offers not only online music and audio services but also online karaoke, music-centric live streaming, and online concert services, enabling music fans to discover, listen, sing, watch, and socialize around music, which enhances user experience and engagement.
See More
Tencent Music to Report Q1 2026 Financial Results
- Earnings Report Schedule: Tencent Music Entertainment Group will release its unaudited financial results for Q1 2026 before the U.S. market opens on May 12, 2026, providing investors with the latest insights into its business performance and financial health.
- Management Webinar: The company's management will host a webinar on the same day at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time, aimed at discussing financial performance and future strategies, thereby enhancing investor confidence.
- Participant Registration Details: Participants wishing to join the webinar must register online in advance, and upon registration, they will receive an email with meeting ID and link, ensuring smooth access to the meeting.
- Investor Relations Website: Tencent Music's investor relations website will offer live and archived webcasts of the webinar, further enhancing transparency and providing ongoing updates for investors.
See More
Tencent Music to Report Q1 2026 Financial Results on May 12
- Earnings Report Schedule: Tencent Music Entertainment Group is set to release its unaudited financial results for Q1 2026 before the U.S. market opens on May 12, 2026, reflecting the company's commitment to transparency and investor communication.
- Management Webinar: On the same day at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time, the management will host a webinar to analyze the company's business and financial performance, aiming to bolster investor confidence.
- Participant Registration Process: Participants wishing to join the webinar must register online in advance, receiving an email with meeting ID and link upon registration, ensuring smooth access and enhancing interaction during the session.
- Investor Relations Website: The company's investor relations website will provide live and archived webcasts of the webinar, further enhancing information exchange between the company and its investors, demonstrating the company's dedication to its shareholder base.
See More
Delta Air Lines Raises Baggage Fees Amid Rising Fuel Costs
- Earnings Season Kickoff: Delta Air Lines is set to release its earnings report on Wednesday morning, marking the start of the earnings season for major airlines, which is expected to significantly impact market sentiment.
- Baggage Fee Increase: In response to rising fuel prices, Delta has announced an increase in checked baggage fees, a move that could affect customer travel choices and potentially boost company revenues amid cost pressures.
- Competitive Comparison: Delta's stock is down 5.5% in 2026, which is relatively better compared to American Airlines and United Airlines, which have seen declines of nearly 30% and 20% respectively, highlighting the intense competition in the airline industry.
- Chinese Tech Stocks Struggling: The KraneShares CSI China Internet ETF (KWEB) has dropped over 17% year-to-date, with notable laggards like Tencent Music, Trip.com, and NetEase facing significant losses, reflecting the challenges within the Chinese tech sector.
See More
China's "Spotify" Has Significantly Reduced Its Prices
Tencents' Market Position: Tencent Music Entertainment Group is the leading music streaming service in China, boasting approximately 528 million monthly active users and generating $1 billion in revenue in its latest quarter, significantly outperforming its main competitor, NetEase.
Investor Concerns: Despite strong revenue growth, Tencent's stock has fallen over 60% from its 52-week high, raising concerns among investors about its future growth potential, particularly as user numbers have started to decline.
User Dynamics: While total users are decreasing, paying users have increased by 5.3% year-over-year, indicating a shift towards higher-value subscriptions, which is contributing to revenue growth despite the overall user decline.
Competitive Landscape: The emergence of Soda Music as a competitor targeting lower-tier users poses a threat to Tencent, although Tencent's focus on premium services and partnerships with top-tier music labels may help maintain its market dominance.
See More
Tencent Music Releases Annual Report for FY 2025
- Annual Report Submission: Tencent Music Entertainment Group filed its annual report with the SEC on April 17, 2026, which includes audited financial statements for the fiscal year ending December 31, 2025, reflecting the company's ongoing commitment to transparency and compliance.
- Report Access: Shareholders and American Depositary Shareholders can request a free hard copy of the annual report containing audited consolidated financial statements, enhancing shareholder engagement and strengthening trust between the company and its investors.
- Platform Overview: As China's leading online music and audio entertainment platform, Tencent Music operates popular apps such as QQ Music, Kugou Music, Kuwo Music, and WeSing, aiming to create endless possibilities through music and technology, thereby solidifying its market leadership.
- Diverse Services: Tencent Music's platform encompasses online music, audio, karaoke, live streaming, and online concert services, designed to provide music fans with a comprehensive experience to discover, listen, sing, watch, perform, and socialize, ultimately driving user engagement and market share growth.
See More
Tencent Music Releases Annual Report for FY 2025
- Annual Report Filing: Tencent Music Entertainment Group filed its annual report on Form 20-F with the SEC on April 17, 2026, which includes audited financial statements for the fiscal year ending December 31, 2025, reflecting the company's commitment to transparency and regulatory compliance.
- Report Access: Investors can access the annual report via TME's investor relations website and the SEC's site, and the company will provide hard copies of the report containing audited consolidated financial statements free of charge to shareholders upon request, enhancing investor communication.
- Platform Overview: As China's leading online music and audio entertainment platform, Tencent Music operates popular apps such as QQ Music, Kugou Music, Kuwo Music, and WeSing, aiming to create endless possibilities with music and technology, thereby solidifying its market leadership.
- Diverse Services: TME's platform offers not only online music and audio services but also online karaoke, music-centric live streaming, and online concert services, enabling music fans to discover, listen, sing, watch, and socialize around music, which enhances user experience and engagement.
See More
Tencent Music to Report Q1 2026 Financial Results
- Earnings Report Schedule: Tencent Music Entertainment Group will release its unaudited financial results for Q1 2026 before the U.S. market opens on May 12, 2026, providing investors with the latest insights into its business performance and financial health.
- Management Webinar: The company's management will host a webinar on the same day at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time, aimed at discussing financial performance and future strategies, thereby enhancing investor confidence.
- Participant Registration Details: Participants wishing to join the webinar must register online in advance, and upon registration, they will receive an email with meeting ID and link, ensuring smooth access to the meeting.
- Investor Relations Website: Tencent Music's investor relations website will offer live and archived webcasts of the webinar, further enhancing transparency and providing ongoing updates for investors.
See More
Tencent Music to Report Q1 2026 Financial Results on May 12
- Earnings Report Schedule: Tencent Music Entertainment Group is set to release its unaudited financial results for Q1 2026 before the U.S. market opens on May 12, 2026, reflecting the company's commitment to transparency and investor communication.
- Management Webinar: On the same day at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time, the management will host a webinar to analyze the company's business and financial performance, aiming to bolster investor confidence.
- Participant Registration Process: Participants wishing to join the webinar must register online in advance, receiving an email with meeting ID and link upon registration, ensuring smooth access and enhancing interaction during the session.
- Investor Relations Website: The company's investor relations website will provide live and archived webcasts of the webinar, further enhancing information exchange between the company and its investors, demonstrating the company's dedication to its shareholder base.
See More
Delta Air Lines Raises Baggage Fees Amid Rising Fuel Costs
- Earnings Season Kickoff: Delta Air Lines is set to release its earnings report on Wednesday morning, marking the start of the earnings season for major airlines, which is expected to significantly impact market sentiment.
- Baggage Fee Increase: In response to rising fuel prices, Delta has announced an increase in checked baggage fees, a move that could affect customer travel choices and potentially boost company revenues amid cost pressures.
- Competitive Comparison: Delta's stock is down 5.5% in 2026, which is relatively better compared to American Airlines and United Airlines, which have seen declines of nearly 30% and 20% respectively, highlighting the intense competition in the airline industry.
- Chinese Tech Stocks Struggling: The KraneShares CSI China Internet ETF (KWEB) has dropped over 17% year-to-date, with notable laggards like Tencent Music, Trip.com, and NetEase facing significant losses, reflecting the challenges within the Chinese tech sector.
See More
China's "Spotify" Has Significantly Reduced Its Prices
Tencents' Market Position: Tencent Music Entertainment Group is the leading music streaming service in China, boasting approximately 528 million monthly active users and generating $1 billion in revenue in its latest quarter, significantly outperforming its main competitor, NetEase.
Investor Concerns: Despite strong revenue growth, Tencent's stock has fallen over 60% from its 52-week high, raising concerns among investors about its future growth potential, particularly as user numbers have started to decline.
User Dynamics: While total users are decreasing, paying users have increased by 5.3% year-over-year, indicating a shift towards higher-value subscriptions, which is contributing to revenue growth despite the overall user decline.
Competitive Landscape: The emergence of Soda Music as a competitor targeting lower-tier users poses a threat to Tencent, although Tencent's focus on premium services and partnerships with top-tier music labels may help maintain its market dominance.
See More
