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    T

    Tencent Music Entertainment Group (TME)

    Official site

    COMMUNICATION SERVICES • INTERNET CONTENT & INFORMATION • NYSE

    $8.48
    -0.02 (-0.24%)

    Market Cap: $13.82B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    87%(27/31)
    Avg Surprise
    +6.20%
    Streak
    7 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.50
    Range$1.46 - $1.62
    10 analysts
    EPS RevisionsNo revisions (7d)
    0
    6
    30d
    EPS Estimate DriftChange to current
    90d ago$1.64-8.0%
    60d ago$1.64-8.1%
    30d ago$1.500.0%
    7d ago$1.500.0%
    Current$1.50
    Revenue Consensus
    $9.1B
    Range$9.0B - $9.2B
    13 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.70
    Range$1.62 - $1.90
    20 analysts
    Revenue Consensus
    $9.2B
    Range$8.9B - $9.9B
    27 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.70---
    Sep 26EST
    		-$1.50---
    Jun 26
    Reported Aug 11
    		$0.24$0.23+4.35%Beat-85.5%
    Mar 26
    Reported May 12
    		$1.46$1.43+2.10%Beat+6.6%
    Dec 25
    Reported Mar 17
    		$1.60$1.54+3.90%Beat+27.0%
    Sep 25
    Reported Nov 12
    		$1.54$1.52+1.32%Beat+32.8%
    Jun 25
    Reported Aug 12
    		$1.66$1.47+12.93%Beat+39.5%
    Mar 25
    Reported May 13
    		$1.37$1.32+3.79%Beat+25.7%
    Dec 24
    Reported Mar 18
    		$1.26$1.22+3.28%Beat+26.0%
    Sep 24
    Reported Nov 11
    		$1.16$1.19-2.52%Miss+30.3%
    Jun 24
    Reported Aug 13
    		$1.19$1.18+0.85%Beat+22.7%
    Mar 24
    Reported May 13
    		$1.09$1.01+7.92%Beat+22.5%
    Dec 23
    Reported Mar 19
    		$1.00$0.98+2.04%Beat+9.9%
    Sep 23
    Reported Nov 14
    		$0.89$0.88+1.14%Beat+3.5%
    Jun 23
    Reported Aug 15
    		$0.97$0.98-1.02%Miss+54.0%
    Mar 23
    Reported May 16
    		$0.89$0.80+11.25%Beat+64.8%
    Dec 22
    Reported Mar 21
    		$0.91$0.89+2.25%Beat+82.0%
    Sep 22
    Reported Nov 15
    		$0.86$0.72+19.44%Beat+41.0%
    Jun 22
    Reported Aug 15
    		$0.63$0.56+12.50%Beat-4.5%
    Mar 22
    Reported May 16
    		$0.54$0.53+1.89%Beat-21.7%
    Dec 21
    Reported Mar 21
    		$0.50$0.50+0.00%Beat-37.5%
    Sep 21
    Reported Nov 8
    		$0.61$0.49+24.49%Beat-23.8%
    Jun 21
    Reported Aug 16
    		$0.66$0.60+10.00%Beat-4.3%
    Mar 21
    Reported May 17
    		$0.69$0.71-2.82%Miss+4.5%
    Dec 20
    Reported Mar 22
    		$0.80$0.81-1.23%Miss+0.0%
    Sep 20
    Reported Nov 10
    		$0.80$0.70+14.29%Beat+8.1%
    Jun 20
    Reported Aug 10
    		$0.69$0.64+7.81%Beat+3.0%
    Mar 20
    Reported May 11
    		$0.66$0.63+4.76%Beat-8.3%
    Dec 19
    Reported Mar 16
    		$0.80$0.70+14.29%Beat+40.4%
    Sep 19
    Reported Nov 11
    		$0.74$0.65+13.85%Beat+722.2%
    Jun 19
    Reported Aug 12
    		$0.67$0.59+13.56%Beat+1526.2%
    Mar 19
    Reported May 13
    		$0.72$0.68+5.88%Beat+2791.6%
    Dec 18
    Reported Mar 19
    		$0.57$0.57+0.00%Beat+3049.2%
    Sep 18
    Reported Dec 12
    		$0.09$0.00N/ABeat+703.6%
    Mar 18
    Reported Mar 31
    		$0.04N/AN/ABeat+274.5%
    Dec 17
    Reported Dec 31
    		$0.02N/AN/ABeat+315.0%
    Sep 17
    Reported Sep 30
    		$0.02N/AN/ABeat-
    Jun 17
    Reported Jun 30
    		$0.01N/AN/ABeat-
    Mar 17
    Reported Mar 31
    		$0.01N/AN/ABeat-
    Dec 16
    Reported Dec 31
    		$0.01N/AN/ABeat-

    Dividends

    Dividend Metrics

    Forward Yield2.83%
    Forward Annual Dividend$0.24
    Payout Ratio30.12%
    FrequencyAnnual
    Pay MonthsApr

    Key Metrics

    Valuation
    P/E Ratio1.75EV/EBITDA5.60x
    Price/FCFN/AFCF YieldN/A
    Profitability
    Profit Margin26.30%Operating Margin29.20%
    ROE11.00%ROIC11.20%
    Financial Health
    Debt/Equity0.21xInterest Coverage94.81x
    Current Ratio1.74xQuick Ratio1.74x
    Trading Statistics
    Beta0.75Avg Volume6.91M
    52-Week High$23.2352-Week Low$7.66

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$8.11
    SMA 20$8.11
    SMA 50$8.41
    SMA 200$10.67
    EMA 10$8.24
    EMA 20$8.19
    EMA 50$8.37
    EMA 200$10.71

    MACD

    Line: 0.01Signal: -0.08Hist: 0.09

    ADX

    ADX: 16.3+DI: 34.9-DI: 21.6

    Aroon & PSAR

    Aroon Up100.0
    Aroon Down68.0
    PSAR$7.76

    Bollinger Bands

    Upper Band$8.65
    Lower Band$7.57
    %B Position1335%(Upper)
    Band Width0.84

    RSI (14-Day)

    Neutral
    58.8

    Momentum Oscillators

    Stoch %K89.1
    Stoch %D83.9
    Williams %R-17.2
    ROC (10d)6.9%
    Momentum0.55
    CCI (20d)112.9
    MFI (14d)60.9

    Volatility Measures

    ATR (14d)$0.23(2.7%)
    StdDev (20d)0.27
    Hist Vol34.7%(Moderate)

    Volume Flow

    VWAP$8.50
    OBV-183.3M
    AD Line-2.9B
    CMF (20d)0.101

    Volume Metrics

    Avg Vol (20d)6.9M
    Vol Ratio0.6x
    VWMA (20d)$8.12

    Pivot Points

    R3$8.77
    R2$8.68
    R1$8.59
    Pivot Point$8.51
    S1$8.41
    S2$8.33
    S3$8.24

    Advanced Oscillators

    TSI0.54
    Ultimate Osc66.9
    KST-19.49

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$8.93B$7.85B$7.74B$8.46B$8.44B$7.36B$7.46B$7.01B$7.16B$6.77B$6.89B$6.57B
    Cost of Revenue$4.98B$4.32B$175.51M$4.78B$4.69B$4.11B$4.21B$4.02B$4.15B$4.00B$4.25B$4.23B
    Gross Profit$3.95B$3.52B$7.57B$3.68B$3.75B$3.24B$3.25B$2.99B$3.01B$2.77B$2.64B$2.34B
    Operating Expenses$914.00M$1.20B$4.95B$972.00M$771.00M$-1,594,000,000$844.00M$847.00M$812.00M$812.00M$1.07B$917.00M
    R&D$0$0$0$0$0$2.28B$0$0$0$2.52B$2.52B$2.52B
    SG&A$1.06B$940.00M$1.34B$1.05B$940.00M$944.00M$926.00M$998.00M$938.00M$949.00M$1.01B$1.05B
    Operating Income$3.04B$2.32B$2.62B$2.71B$2.98B$4.84B$2.41B$2.14B$2.20B$1.96B$1.71B$1.43B
    Interest Income$229.00M$246.00M$190.00M$245.00M$254.00M$297.00M$315.00M$299.00M$304.00M$278.00M$277.00M$273.00M
    Interest Expense$4.99M$45.72M$84.01M$4.47M$12.00M$25.00M$29.00M$97.00M$26.00M$30.00M$13.00M$35.00M
    Income Before Tax$3.07B$2.58B$2.41B$2.69B$2.98B$4.83B$2.50B$2.08B$2.23B$1.91B$1.70B$1.44B
    Income Tax Expense$514.00M$454.24M$433.58M$477.00M$515.00M$446.00M$423.00M$367.00M$432.00M$381.00M$295.00M$176.00M
    Net Income$2.47B$2.08B$1.90B$2.15B$2.41B$4.29B$1.96B$1.58B$1.68B$1.42B$1.31B$1.17B
    EBITDA$3.23B$2.71B$6.36B$2.76B$3.08B$2.27B$2.27B$1.95B$2.00B$1.80B$1.72B$1.25B
    EBIT$2.81B$2.62B$5.29B$2.46B$2.99B$2.17B$2.09B$1.84B$1.89B$1.68B$1.54B$1.15B
    * Some calculated fields are derived from available data when not provided by source

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    News

    China Merchants lifts target for Tencent Music stock to USD 10.50

    China Merchants Securities upgraded Tencent Music Entertainment Group (TME) from Hold to Buy, setting a new target price of USD 10.50. This target is 21.39 percent above the current NYSE price. Tencent Music is set...

    ad-hoc-news.de•10/16/26•Neutral

    What Do Tencent Music Entertainment's Latest Results Reveal Against the S&P 500 Benchmark (NYSE:TME)?

    Tencent Music Entertainment (NYSE:TME) reported a year-on-year increase in second-quarter revenue, primarily driven by growth in music-related services and membership...

    Kalkine Media•10/15/26•Somewhat-Bullish

    Tencent Music Entertainment Group (NYSE:TME) Stock Moved Up to "Strong-Buy" by China Renaissance

    China Renaissance has upgraded Tencent Music Entertainment Group (NYSE:TME) from a "hold" to a "strong-buy" rating. Despite this upgrade...

    MarketBeat•10/15/26•Bullish

    Tencent Music Entertainment Group Q3 2026 Earnings Date and Estimates

    Tencent Music Entertainment Group (TME) is anticipated to announce its Q3 2026 earnings before market open on Wednesday, November 11, 2026, with the conference call scheduled for November 17, 2026...

    MarketBeat•10/14/26•Neutral

    (TME) Volatility Zones as Tactical Triggers

    This article analyzes Tencent Music Entertainment Group (NYSE: TME) using AI models to generate tactical trading strategies based on volatility zones. It identifies a positive near-term sentiment with potential...

    Stock Traders Daily•10/14/26•Somewhat-Bullish

    TME Valuation and Fair Value

    P/E
    1.8x
    Forward P/E
    7.7x
    EV/EBITDA
    5.6x
    PEG
    1.9x
    P/B
    1.1x
    See GNG's fair value

    TME Profitability: Margins, ROIC and FCF

    Gross margin
    56.7%
    Operating margin
    29.2%
    Net margin
    26.3%
    ROIC
    11.2%
    ROE
    11.0%
    FCF margin
    137.7%

    TME Competitors

    CompanyTicker
    Warner Music GroupWMG
    Charter Communications IncCHTR
    News Corp ANWSA
    Millicom International Cellular SATIGO
    Rogers Communications IncRCI
    SK Telecom Co Ltd ADRSKM
    News Corp BNWS
    Telus CorpTU

    Sector: Communication Services

    TME Analyst Ratings

    Consensus
    Buy
    Analysts
    29
    Strong Buy
    2
    Buy
    15
    Hold
    12
    Sell
    0
    Strong Sell
    0

    TME Bull Case vs Bear Case

    Bull case

    • TME converts 137.7% of revenue into free cash flow.
    • TME has a 26.3% net profit margin.
    • TME beat EPS estimates in 87.5% of its last 8 reported quarters.

    TME Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    3.6%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.50
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 6 down

    TME Dividend

    Forward yield
    2.8%
    Payout ratio
    30.1%
    Pay months
    Apr

    Frequently Asked Questions About TME

    What is TME's current dividend yield?

    Tencent Music Entertainment Group (TME) has a forward dividend yield of 2.83%.

    Does TME pay dividends?

    Yes, Tencent Music Entertainment Group pays dividends with a forward dividend yield of 2.83%.

    What is TME's P/E ratio?

    Tencent Music Entertainment Group has a price-to-earnings (P/E) ratio of 1.75.

    What is TME's market cap?

    Tencent Music Entertainment Group (TME) has a market capitalization of $13.82B with a current stock price of $8.48.

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