TME - Tencent Music Entertainment Group

NYSE - NYSE Delayed Price. Currency in USD
16.32
-0.77 (-4.51%)
At close: 4:00PM EDT

16.05 -0.26 (-1.59%)
After hours: 7:59PM EDT

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Previous close17.09
Open17.40
Bid16.05 x 1200
Ask16.58 x 1400
Day's range16.21 - 17.41
52-week range9.22 - 17.97
Volume11,481,171
Avg. volume11,486,271
Market cap27.377B
Beta (5Y monthly)N/A
PE ratio (TTM)50.37
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Tencent Music (TME) in Focus: Stock Moves 5.7% Higher
    Zacks

    Tencent Music (TME) in Focus: Stock Moves 5.7% Higher

    Tencent Music (TME) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

  • Why Tencent Music Entertainment Stock Climbed 13.2% Last Month
    Motley Fool

    Why Tencent Music Entertainment Stock Climbed 13.2% Last Month

    Shares are up roughly 4% year to date, but they still trade down roughly 6% from their December IPO.

  • Tencent Music Entertainment Group (TME) Q1 2020 Earnings Call Transcript
    Motley Fool

    Tencent Music Entertainment Group (TME) Q1 2020 Earnings Call Transcript

    Now I will turn the conference over to your speaker host today, Ms. Millicent T. Please go ahead, ma'am. Tencent Music announced its quarterly financial results today after the market close. Today, you'll hear from Mr. Cussion Pang, our CEO, who will start the call with an overview of our recent achievements and growth strategies.

  • Tencent Music’s Biggest Growth Engine Sputters Out During the COVID-19 Crisis
    Motley Fool

    Tencent Music’s Biggest Growth Engine Sputters Out During the COVID-19 Crisis

    Fewer people are buying virtual gifts for live streamers as the pandemic throttles discretionary spending.

  • Tencent Music misses quarterly revenue estimates, signals better second quarter
    Reuters

    Tencent Music misses quarterly revenue estimates, signals better second quarter

    Monthly average revenue per subscriber paying for the company's social entertainment services fell 13% in the first quarter ended March 31. Tencent Music, controlled by Chinese tech giant Tencent Holdings <0700.HK>, gets nearly three quarters of its revenue from this business, unlike peers including Spotify <SPOT.N> who make most of their money from music subscriptions. Tencent Music, which had warned of soft first-quarter sales in March, said revenue in the period rose about 10% to 6.31 billion yuan ($889 million).

  • Reuters

    Vivendi closes sale of 10% stake in Universal to Tencent consortium

    Vivendi closed on Tuesday the sale of a 10% stake in Universal Music Group (UMG) - home to Taylor Swift and The Beatles - to a Tencent-led consortium, in a deal giving UMG an enterprise value of 30 billion euros ($33 billion). The French conglomerate, in which billionaire Vincent Bollore's holding company has the biggest stake, said it would now examine the possible sale of other minority interests in UMG, with an initial public offering of those assets planned for early 2023.

  • Tencent Music to see softer first quarter; beats fourth-quarter revenue estimates on paying user surge
    Reuters

    Tencent Music to see softer first quarter; beats fourth-quarter revenue estimates on paying user surge

    The company's music streaming service added more paying users, its results showed, sending its shares up 3% in U.S. extended trading. "For the full year, even though total revenue growth is expected to be slower than original expectation due to the short-term impact in the first half, we expect revenue growth to improve in the second half," said Chief Executive Cussion Pang on an earning call after markets closed. The firm mainly attributed the expected slowdown to licensing and advertising revenue decline.

  • Tencent Music (TME) Surges: Stock Moves 6.3% Higher
    Zacks

    Tencent Music (TME) Surges: Stock Moves 6.3% Higher

    Tencent Music (TME) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

  • Stocks end firm to cap banner year
    Reuters Videos

    Stocks end firm to cap banner year

    Stocks rose modestly on the last trading day of the year Tuesday, capping a year that generated eye-popping returns. Investors shrugged off President Donald Trump's tweet that a Phase 1 trade deal with China would be signed January 15th. The major indexes gained three-tenths percent on the day. For 2019, the S&P rose nearly 29% and the Nasdaq gained 35% -- both posting their best yearly performance since 2013. Fi Plan Partners president Greg Powell: SOUNDBITE: FI PLAN PARTNERS PRESIDENT, GREG POWELL: "I think today basically people just saying, 'Hey, it's been a great year. If I need to take some profits or take some losses, I'll just get that worked out today.'" Shares of Tencent Music Entertainment rose. The Chinese company is leading a consortium that will buy a 10% stake in Vivendi's Universal Music Group, home to artists such as Taylor Swift and The Beatles. Dick's Sporting Goods shares rallied. Cowen raised its price target and earnings estimates on the sporting goods retailer. Shares of Avon fell. The cosmetic company will be removed from the S&P Small Cap 600 index on January 6. Shares of the company replacing it, NexPoint Residential Trust, jumped.

  • Tencent gets into global groove with stake in Vivendi's Universal
    Reuters

    Tencent gets into global groove with stake in Vivendi's Universal

    PARIS/HONG KONG (Reuters) - A Tencent-led consortium is taking a 10% stake in Vivendi's Universal Music Group, valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros ($34 billion) and giving the Chinese firm a global backstage pass. The deal allows both companies to expand in a recovering global music market, giving Tencent more access to U.S. artists while UMG can tap into the Asian market, including big-selling "K-Pop" Korean pop stars. After months of talks, French media conglomerate Vivendi said on Tuesday it had finalised the sale of an initial 10% of the world's largest music label to the Tencent consortium, which also had the option to buy up to 10% more by January 2021 on the same price basis.

  • Tencent Music (TME) in Focus: Stock Moves 5.1% Higher
    Zacks

    Tencent Music (TME) in Focus: Stock Moves 5.1% Higher

    Tencent Music (TME) shares rose more than 5% in the last trading session, amid huge volumes.

  • Tencent Music (TME) Q3 Earnings In Line, Revenues Up Y/Y
    Zacks

    Tencent Music (TME) Q3 Earnings In Line, Revenues Up Y/Y

    Tencent Music's (TME) third-quarter 2019 results benefit from expanded paid mobile subscriber base and increase in the number of users willing to pay for premium music service.

  • Wall Street really hates Spotify stock and I am shocked
    Yahoo Finance

    Wall Street really hates Spotify stock and I am shocked

    Hey Wall Street, can you show Spotify some love for once?

  • Chinese Regulators Torpedo Tencent Music Entertainment
    Motley Fool

    Chinese Regulators Torpedo Tencent Music Entertainment

    Is the streaming music giant abusing its exclusive deals with big record labels?

  • Technology Market Movers on August 27, 2019
    Market Realist

    Technology Market Movers on August 27, 2019

    In today’s look at the market movers in the tech sector, Activision Blizzard (ATVI) rose 5% and CrowdStrike (CRWD) fell 5.4% to close at $84.08.

  • Tencent Music Entertainment's Slowing Growth Spooks the Bulls
    Motley Fool

    Tencent Music Entertainment's Slowing Growth Spooks the Bulls

    Can the growth of the Chinese streaming music giant's karaoke app offset the slowdown in its digital music platforms?

  • Motley Fool

    What Happened in the Stock Market Today

    Stocks rose after the U.S. backed off on Chinese tariff threats. Meanwhile, JD.com and Tencent Music Entertainment reported better-than-expected Q2 results.

  • TME Is Down as Its Growth Continues to Slow
    Market Realist

    TME Is Down as Its Growth Continues to Slow

    Chinese music streaming giant Tencent Music Entertainment (TME) reported its second-quarter earnings results after the closing bell on August 12.

  • Companies to watch: GE execs buy shares, JD.com crushes expectations, Tencent Music misses estimates
    Yahoo Finance

    Companies to watch: GE execs buy shares, JD.com crushes expectations, Tencent Music misses estimates

    General Electric, JD.com, Tencent Music, Advance Auto Parts and CIT Group are the companies to watch on Tuesday, August 13, 2019.

  • Tencent Music (TME) Q2 Earnings Beat, Revenues Improve Y/Y
    Zacks

    Tencent Music (TME) Q2 Earnings Beat, Revenues Improve Y/Y

    Tencent Music's (TME) second-quarter 2019 results benefit from expanding paid mobile subscriber base.

  • Tencent Music Entertainment Group (TME) Q2 2019 Earnings Call Transcript
    Motley Fool

    Tencent Music Entertainment Group (TME) Q2 2019 Earnings Call Transcript

    TME earnings call for the period ending June 30, 2019.

  • TME Stock Slumps More than 7% in After-Hours Trading
    Market Realist

    TME Stock Slumps More than 7% in After-Hours Trading

    Shares of China’s music streaming giant Tencent Music (TME) were down more than 7.0% after-hours today. But why did they fall after strong earnings results?

  • NetEase's Sales Growth Decelerates Again, but its Profit Soars
    Motley Fool

    NetEase's Sales Growth Decelerates Again, but its Profit Soars

    Should investors buy this Chinese tech stock as trade jitters batter the market?

  • Tencent May Buy a Big Stake in Universal Music Group
    Motley Fool

    Tencent May Buy a Big Stake in Universal Music Group

    Such a move would help the tech giant reinforce its leading position in China’s evolving music market.

  • Should You Buy Tencent Music Stock Before Earnings?
    Motley Fool

    Should You Buy Tencent Music Stock Before Earnings?

    One analyst likes the sound of that idea.