TENCENT MUSIC/$TME

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About TENCENT MUSIC

Tencent Music is the largest online music streaming platform in China, established in 2016 through the merger of QQ Music, Kuwo Music, and Kugou Music. Tencent, its largest shareholder, holds over 50% of the shares and more than 90% of the voting rights. Beyond streaming services, Tencent Music generates revenue through a diverse range of offerings, including podcasts, livestreaming, concerts, and karaoke.

Ticker

$TME

Primary listing

NYSE

Employees

5,353

TENCENT MUSIC Metrics

BasicAdvanced
$34B
23.07
$0.92
0.50
$0.17
0.82%

What the Analysts think about TENCENT MUSIC

Analyst ratings (Buy, Hold, Sell) for TENCENT MUSIC stock.

Bulls say / Bears say

In Q2 2025, Tencent Music reported total revenue of RMB 8.44 billion, a gain of 17.9% year-over-year, surpassing analysts’ projections of RMB 7.96 billion (Reuters)
Music subscription revenue increased 17.1% year-over-year to RMB 4.38 billion, while monthly ARPPU climbed 9.3% to RMB 11.7, demonstrating robust monetization strength (Reuters)
Tencent Music announced the $2.4 billion acquisition of long-form audio platform Ximalaya in June 2025, aiming to broaden its content offerings and attract more paying users (Reuters)
Revenue from social entertainment services dropped 8.5% year-over-year to RMB 1.59 billion in Q2 2025, highlighting persistent regulatory and demand challenges in the live-streaming segment (Reuters)
Monthly active users for online music fell 3.2% year-over-year to 553 million in Q2 2025, signaling possible market saturation and difficulties in engaging users (Benzinga)
China’s antitrust regulator is expected to order Tencent Music to give up some exclusive music licensing rights, threatening its edge in content exclusivity (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 6 Nov 2025.

TENCENT MUSIC Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

TENCENT MUSIC Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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