TENCENT MUSIC/$TME
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
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
- Sector
- Consumer Discretionary
- Primary listing
- NYSE
- Employees
- 5,690
- Headquarters
- Shenzhen, China
- Website
- www.tencentmusic.com
TENCENT MUSIC Metrics
BasicAdvanced
$14B
9.94
$0.86
0.82
$0.23
2.74%
Price and volume
Market cap
$14B
Beta
0.82
52-week high
$23.86
52-week low
$7.66
Average daily volume
6.7M
Dividend rate
$0.23
Financial strength
Current ratio
1.745
Quick ratio
1.575
Long term debt to equity
0.133
Total debt to equity
0.208
Dividend payout ratio (TTM)
28.47%
Interest coverage (TTM)
74.01%
Profitability
EBITDA (TTM)
1,684.86
Gross margin (TTM)
44.32%
Net profit margin (TTM)
26.28%
Operating margin (TTM)
29.66%
Effective tax rate (TTM)
17.39%
Revenue per employee (TTM)
$890,540
Management effectiveness
Return on assets (TTM)
5.60%
Return on equity (TTM)
10.97%
Valuation
Price to earnings (TTM)
9.936
Price to revenue (TTM)
2.591
Price to book
0.18
Price to tangible book (TTM)
0.35
Price to free cash flow (TTM)
8.721
Free cash flow yield (TTM)
11.47%
Free cash flow per share (TTM)
0.975
Dividend yield (TTM)
2.74%
Forward dividend yield
2.74%
Growth
Revenue change (TTM)
12.09%
Earnings per share change (TTM)
-12.80%
3-year revenue growth (CAGR)
5.28%
3-year earnings per share growth (CAGR)
25.09%
What the Analysts think about TENCENT MUSIC
Analyst ratings (Buy, Hold, Sell) for TENCENT MUSIC stock.
Analyst projections of the future price of TENCENT MUSIC stock.
Bulls say / Bears say
Music-related services revenue grew 11% in Q2 2026, while membership revenue rose 8.1%. This points to continued ability to monetise paid listening even as overall growth slows. (Tencent Music)
Concerts, merchandise and other music-IP services are adding a second growth engine: marketing and consumption services rose 16.2% in Q2. That broadens revenue beyond streaming subscriptions. (Music Business Worldwide)
Ximalaya adds audiobooks and podcasts to TME’s music offering, widening its content range and potential cross-selling opportunities. It contributed RMB407 million of revenue in Q2, its first period consolidated into TME’s results. (Variety)
Competition for casual users is weighing on growth: Q2 revenue growth slowed to 5.8%, its weakest pace in two years, and management acknowledged pressure on traffic. Persistent user losses could also constrain advertising and subscription growth. (Longbridge, Longbridge)
Profitability faces pressure as gross margin eased to 44.2% from 44.4% a year earlier, while operating expenses took a larger share of revenue. Management also indicated that margins could weaken further in the second half. (Simply Wall St)
The legacy social-entertainment business is contracting: revenue fell in the first half of 2026 even as music-related services grew. That decline leaves TME more reliant on its newer music and audio growth engines to offset the shrinking segment. (Stock Titan)
Data summarised monthly by Lightyear AI. Last updated on 4 Oct 2026.
TENCENT MUSIC Financial Performance
Revenues and expenses
TENCENT MUSIC Earnings Performance
Company profitability
Upcoming events
No upcoming events
TENCENT MUSIC News
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Funds containing TENCENT MUSIC
AllUSDEURGBP
Fund name | Fund size | $TME weighting |
|---|---|---|
iShares MSCI China Tech£CTCE | $2B | 0.91% |
iShares MSCI China€ICGA | €2.3B | 0.21% |
SPDR MSCI EM Asia$EMAD | $1.7B | 0.06% |
SPDR MSCI EM Asia€SPYA | €1.4B | 0.06% |
iShares MSCI AC Far East ex-Japan€IQQF | €1.7B | 0.05% |
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.
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