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TME stock logo

TME

Tencent Music Entertainment Group

$9.17
-0.02
 (-0.22%)
Exchange:  NYSE
Market Cap:  14.063B
Shares Outstanding:  3.25B
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Communication Services
Industry:  Internet Content & Information
   
CEO:  Zhu Liang
Full Time Employees:  5353
Address: 
Building D
Shenzhen
518057
CN
Website:  https://www.tencentmusic.com
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People’s Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

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Revenue Segmentation

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EPS

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Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2025/04/15 — Q1 quarter 2025

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue27,752,00028,401,00032,005,591
Gross Profit9,795,00012,025,00018,242,078
EBITDA5,719,0009,814,00013,141,922
Operating Income6,059,0008,710,00013,141,922
Net Income4,920,0006,644,00010,754,781

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets75,536,00090,444,000102,587,285
Total Liabilities18,334,00020,718,00019,484,400
Total Stockholders Equity55,907,00067,863,00080,338,126
Total Debt6,048,0006,051,0003,815,428
Cash and Cash Equivalents13,567,00013,164,0008,490,403

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow7,337,00010,275,00010,159,454.965
Capital Expenditure-1,164,0000-296,690.340
Free Cash Flow6,173,00010,275,0009,862,764.625
Net Income6,045,0006,644,00010,754,781.133
Net Change in Cash4,012,000-403,000-4,131,099.709

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2029Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Low)42,268,616.066Full AccessFull AccessFull AccessFull Access
Estimated Revenue (High)50,388,977.142Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Avg)44,536,479.180Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Low)11,105,371.258Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (High)13,238,860.189Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Avg)11,701,214.325Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Low)11,893,631.262Full AccessFull AccessFull AccessFull Access
Estimated Net Income (High)14,912,637.461Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Avg)12,736,785.540Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Low)7,635,346.856Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (High)9,102,198.132Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Avg)8,045,010.647Full AccessFull AccessFull AccessFull Access
Estimated EPS (Avg)8.190Full AccessFull AccessFull AccessFull Access
Estimated EPS (High)9.590Full AccessFull AccessFull AccessFull Access
Estimated EPS (Low)7.650Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated Revenue)11Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated EPS)10Full AccessFull AccessFull AccessFull Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
3.946B  ?P/S
 (TTM)
: 
3.32
?Net Income
 (TTM)
: 
923.186M  ?P/E
 (TTM)
: 
9.65
?Enterprise Value
 (TTM)
: 
104.101B  ?EV/FCF
 (TTM)
: 
10.41
?Dividend Yield
 (TTM)
: 
0.02  ?Payout Ratio
 (TTM)
: 
0.14
?ROE
 (TTM)
: 
0.14  ?ROIC
 (TTM)
: 
0.14
?Net Debt
 (TTM)
: 
-2900160975  ?Debt/Equity
 (TTM)
: 
0.05
?P/B
 (TTM)
: 
1.33  ?Current Ratio
 (TTM)
: 
2.22

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Full Access for high/low estimates and the interactive table.

Forward P/E 1YFull AccessFull AccessFull AccessFull Access
10.72Full AccessFull AccessFull AccessFull Access

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SWOT Analysis

Strengths (preview)
  • Robust Financial Performance: TME reported strong revenue growth in Q4 and full-year 2024, as highlighted in the earnings call transcript, with consistent increases in net income and operating cash flow based on income and cash flow statement data. This reflects operational efficiency and a solid business model within the online music and entertainment sector.
  • High Profitability Metrics: Key metrics such as gross profit margin TTM and net profit margin TTM indicate strong profitability compared to industry averages, supported by data from key metrics columns. This positions TME favorably against competitors in the industry.
  • Strong Cash Position: Balance sheet data shows significant cash and cash equivalents, alongside a low debt-to-equity ratio TTM, providing financial flexibility for investments and resilience against market downturns.

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At what price to buy it? -
Intrinsic Value Calculator

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.


Calculate TME Intrinsic Value

Common questions about TME valuation

Is Tencent Music Entertainment Group (TME) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for Tencent Music Entertainment Group (TME) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is TME a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether TME trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is TME’s P/E ratio?

You can see TME’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for TME?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is TME a good long-term investment?

Whether TME fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

TME

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

-0.22
MARKETSnap

Trading Metrics:

Open: 8.91   Previous Close: 9.19
Day Low: 8.78   Day High: 9.18
Year Low: 8.78   Year High: 26.7
Price Avg 50: 13.92   Price Avg 200: 19.35
Volume: 9.645M   Average Volume: 9.326M

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TME full analysis

19/03/2026

Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive analysis of Tencent Music Entertainment Group, ticker TME, a major player in the online music and audio entertainment space. If you’re curious about whether this stock is a potential gem for your portfolio, stick around because we’re covering everything from financials to valuation, recent performance, and more. Let’s get started! Alright, let’s set the stage for what we’re looking at today. Tencent Music Entertainment Group, listed…

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See in Nexus

Relevant news

Tencent Music Entertainment Group (TME) Projected to Post Quarterly Earnings on Tuesday
10-03-2026 02:30
Tencent Music Entertainment Group (TME) Projected to Post Quarterly Earnings on Tuesday
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16-02-2026 03:19
Reviewing Tencent Music Entertainment Group (NYSE:TME) and Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK)
Asset Management One Co. Ltd. Decreases Stake in Tencent Music Entertainment Group Sponsored ADR $TME
07-01-2026 03:30
Asset Management One Co. Ltd. Decreases Stake in Tencent Music Entertainment Group Sponsored ADR $TME
Tencent Music Entertainment Group Sponsored ADR (NYSE:TME) Given Consensus Rating of “Moderate Buy” by Brokerages
23-12-2025 01:28
Tencent Music Entertainment Group Sponsored ADR (NYSE:TME) Given Consensus Rating of “Moderate Buy” by Brokerages

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