Tencent Music Entertainment Group (TME) Stock Price

Tencent Music Entertainment Group Price

🇨🇳NYSE·CLOSED
9.08CNY
Market closed
Today +/-
Today %

Tencent Music Entertainment Group (TME) Stock | ISIN US88034P1093 | WKN A2N7WQ. The current Tencent Music Entertainment Group stock price is 9.08 CNY (2026). Revenue is 36.91 B CNY. Net income is 21.36 B CNY. The P/E ratio is 1.32. Market capitalization is 28.23 B CNY. Tencent Music Entertainment Group operates in the Communication sector.

Tencent Music Entertainment Group stock price

Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Tencent Music Entertainment Group over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Tencent Music Entertainment Group stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Tencent Music Entertainment Group's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Tencent Music Entertainment Group Stock Price History
DateTencent Music Entertainment Group Price
Access this data via the Eulerpool API
Get Free API Key

Tencent Music Entertainment Group Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2016
4.36 B CNY
84 M CNY
82 M CNY
Jan 1, 2017
10.98 B CNY
1.38 B CNY
1.33 B CNY
Jan 1, 2018
18.99 B CNY
3.31 B CNY
1.83 B CNY
Jan 1, 2019
25.43 B CNY
3.93 B CNY
3.98 B CNY
Jan 1, 2020
29.15 B CNY
3.73 B CNY
4.16 B CNY
Jan 1, 2021
31.24 B CNY
2.72 B CNY
3.03 B CNY
Jan 1, 2022
28.34 B CNY
3.22 B CNY
3.68 B CNY
Jan 1, 2023
27.75 B CNY
4.78 B CNY
4.92 B CNY
Jan 1, 2024
28.4 B CNY
7.35 B CNY
6.64 B CNY
Jan 1, 2025
32.9 B CNY
9.68 B CNY
11.06 B CNY
Invalid Date
36.91 B CNY
11.82 B CNY
21.36 B CNY
Invalid Date
41.18 B CNY
13.16 B CNY
24.11 B CNY
Invalid Date
45.98 B CNY
14.27 B CNY
29.93 B CNY
Invalid Date
56.16 B CNY
21.24 B CNY
32.97 B CNY
Invalid Date
56.05 B CNY
22.01 B CNY
36.93 B CNY

Tencent Music Entertainment Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 10, 2026, 12:35 PM
 
REVENUE (M CNY)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M CNY)
NET INCOME (M CNY)
NET INCOME GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

ⓘ

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Tencent Music Entertainment Group generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Tencent Music Entertainment Group retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Tencent Music Entertainment Group's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Tencent Music Entertainment Group has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Tencent Music Entertainment Group's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Tencent Music Entertainment Group stock margins

The Tencent Music Entertainment Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Tencent Music Entertainment Group. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Tencent Music Entertainment Group.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2016
28.25 %
1.93 %
1.88 %
Jan 1, 2017
34.7 %
12.53 %
12.08 %
Jan 1, 2018
38.33 %
17.41 %
9.65 %
Jan 1, 2019
34.1 %
15.45 %
15.66 %
Jan 1, 2020
31.91 %
12.78 %
14.25 %
Jan 1, 2021
30.1 %
8.7 %
9.69 %
Jan 1, 2022
30.96 %
11.35 %
12.98 %
Jan 1, 2023
35.29 %
17.21 %
17.73 %
Jan 1, 2024
42.34 %
25.88 %
23.39 %
Jan 1, 2025
44.18 %
29.41 %
33.6 %
Invalid Date
44.18 %
32.02 %
57.87 %
Invalid Date
44.18 %
31.97 %
58.54 %
Invalid Date
44.18 %
31.03 %
65.08 %

Tencent Music Entertainment Group Stock Revenue, EBIT, Earnings per Share

The Tencent Music Entertainment Group earnings per share therefore indicates how much revenue Tencent Music Entertainment Group has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2016
1.33 CNY
0.03 CNY
0.03 CNY
Jan 1, 2017
3.36 CNY
0.42 CNY
0.41 CNY
Jan 1, 2018
5.8 CNY
1.01 CNY
0.56 CNY
Jan 1, 2019
7.6 CNY
1.17 CNY
1.19 CNY
Jan 1, 2020
8.68 CNY
1.11 CNY
1.24 CNY
Jan 1, 2021
9.29 CNY
0.81 CNY
0.9 CNY
Jan 1, 2022
8.76 CNY
0.99 CNY
1.14 CNY
Jan 1, 2023
8.76 CNY
1.51 CNY
1.55 CNY
Jan 1, 2024
9.07 CNY
2.35 CNY
2.12 CNY
Jan 1, 2025
10.58 CNY
3.11 CNY
3.56 CNY
Invalid Date
11.87 CNY
3.8 CNY
6.87 CNY
Invalid Date
13.25 CNY
4.23 CNY
7.75 CNY
Invalid Date
14.79 CNY
4.59 CNY
9.63 CNY

Tencent Music Entertainment Group business model & stock analysis

Tencent Music is a Chinese music platform that was created in 2016 through the merger of Tencent Music Entertainment and China Music Corporation. It is a subsidiary of Tencent Holdings Limited, one of China's largest internet companies. Tencent Music offers various types of music content such as online karaoke, music streaming, music videos, and social features for users.

Tencent Music Entertainment Group SWOT Analysis

Strengths

Tencent Music is a dominant player in the Chinese music streaming market, with a large user base and solid brand recognition.

The company benefits from strong partnerships with major record labels and has an extensive music library, offering a wide variety of songs and genres.

Tencent Music has built a comprehensive music ecosystem, integrating social features and live streaming capabilities, which enhances user engagement and promotes user-generated content.

The company has successfully monetized its platform through multiple revenue streams, including subscriptions, advertising, and virtual gifting.

Tencent Music has the advantage of being part of the larger Tencent Holdings conglomerate, which provides access to vast resources, technology, and cross-platform integration.

Weaknesses

Tencent Music heavily relies on licensing agreements with record labels, which can subject the company to potential risks and uncertainties related to negotiations and contract renewals.

The company faces intense competition from other music platforms in China, leading to potential challenges in attracting and retaining users.

Tencent Music's success heavily depends on the popularity and success of the Chinese music industry, which could be impacted by changes in consumer preferences, government regulations, or economic factors.

Opportunities

The Chinese music streaming market is continuously growing, driven by increasing smartphone penetration, disposable incomes, and a growing appreciation for music consumption.

Tencent Music can explore international expansion opportunities by leveraging its existing user base and partnerships to tap into global markets.

The company can further enhance user engagement and retention by continuously improving its recommendation algorithms, personalized playlists, and social features.

Tencent Music can diversify its revenue streams by expanding into adjacent areas such as concert ticketing, merchandise sales, or artist partnerships.

Threats

Competition from both domestic and international music streaming platforms poses a significant threat to Tencent Music's market position and user base.

Changes in regulations, copyright laws, or licensing requirements could disrupt the company's operations and limit its ability to offer certain music content.

Economic downturns or shifts in consumer spending habits can impact disposable incomes and reduce demand for music streaming services, potentially affecting Tencent Music's revenue.

Tencent Music Entertainment Group Segments

Tencent Music Entertainment Group Revenue by Segment

  • 3 Years

  • 5 Years

  • Max

Online Music Services
Social Entertainment Services And Others
Details
Date
Online Music Services
Social Entertainment Services And Others
Jan 1, 2020
9.35 B CNY
19.8 B CNY
Jan 1, 2022
12.48 B CNY
15.86 B CNY
Jan 1, 2024
21.74 B CNY
6.66 B CNY

Tencent Music Entertainment Group Eulerpool Fair Value

Tencent Music Entertainment Group historical P/E ratio, EBIT multiple, and P/S ratio

Tencent Music Entertainment Group annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Tencent Music Entertainment Group shares outstanding

The number of shares was Tencent Music Entertainment Group in 2025 — This indicates how many shares 3.109 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2016
3.27 B base_Shares
Jan 1, 2017
3.27 B base_Shares
Jan 1, 2018
3.27 B base_Shares
Jan 1, 2019
3.35 B base_Shares
Jan 1, 2020
3.36 B base_Shares
Jan 1, 2021
3.36 B base_Shares
Jan 1, 2022
3.24 B base_Shares
Jan 1, 2023
3.17 B base_Shares
Jan 1, 2024
3.13 B base_Shares
Jan 1, 2025
3.11 B base_Shares
Invalid Date
3.11 B base_Shares
Invalid Date
3.11 B base_Shares
Invalid Date
3.11 B base_Shares

Tencent Music Entertainment Group Dividend History

2 years of dividend payments

YearAnnual DividendYoY ChangePayments
20250.18CNY↑ 31.4%1×
Apr 3, 20250.18CNY↑ 31.4%1/1
20240.14CNY—1×

Tencent Music Entertainment Group dividend history and estimates

In 2025, Tencent Music Entertainment Group paid a dividend amounting to 0.18 CNY. Dividend means that Tencent Music Entertainment Group distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2024
0.14 CNY
0 CNY
Jan 1, 2025
0.18 CNY
0 CNY
Price targets and forecasts for Tencent Music Entertainment Group are not yet available.

Tencent Music Entertainment Group Earnings Estimates

Tencent Music Entertainment Group Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/12/20261.44CNY7.97 BCNY2026 Q1
3/17/20261.61CNY8.51 BCNY2025 Q4
8/12/20251.48CNY8.04 BCNY2025 Q2
11/12/20241.22CNY7.11 BCNY2024 Q3
11/11/20241.21CNY7.11 BCNY2024 Q3
5/14/20240.96CNY6.42 BCNY2024 Q1
3/19/20240.98CNY6.76 BCNY2023 Q4
11/13/20230.85CNY7.55 BCNY2023 Q3
8/14/20230.67CNY7.32 BCNY2023 Q2
5/15/20230.62CNY6.94 BCNY2023 Q1

EESG©

Eulerpool ESG Scorecard© for the Tencent Music Entertainment Group stock

63/100
69
Environment
99
Social
22
Governance
E

Environment

20
Scope 1 - Direct Emissions111.51
Scope 2 - Indirect emissions from purchased energy4,621.61
Scope 3 - Indirect emissions within the value chain—
Total CO₂ emissions4,733.12
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees37.8
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Tencent Music Entertainment Group shareholder structure

% Name
1.22271%
Schroder Investment Management North America Inc.
Schroder Investment Management North America Inc.
0.8206%
Schroder Investment Management Ltd. (SIM)
Schroder Investment Management Ltd. (SIM)
0.68615%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
0.64485%
Krane Funds Advisors, LLC
Krane Funds Advisors, LLC
0.60179%
Cantillon Capital Management LLC
Cantillon Capital Management LLC
0.5252%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.41953%
Baillie Gifford & Co.
Baillie Gifford & Co.
0.37541%
Fidelity Management & Research Company LLC
Fidelity Management & Research Company LLC
0.31472%
Schroder Investment Management (Singapore) Ltd.
Schroder Investment Management (Singapore) Ltd.
0.30851%
State Street Investment Management (US)
State Street Investment Management (US)
...

Tencent Music Entertainment Group Executives and Management Board

KP

Mr. Kar Shun Pang

(51)

Executive Chairman of the Board · since 2016

ZL

Mr. Zhu Liang

(49)

Chief Executive Officer, Director · since 2021

MH

Ms. Min Hu

(53)

Chief Financial Officer, Director · since 2016

TP

Mr. Tsai chun Pan

(50)

Group Vice President, Head of Content Cooperation Business · since 2022

BI

Mr. Brent Irvin

(52)

Director

Frequently asked questions about Tencent Music Entertainment Group

The business model of Tencent Music revolves around providing online music streaming and related entertainment services in China. Tencent Music operates several platforms, including QQ Music, Kugou Music, and Kuwo Music, which cater to different user preferences. Through these platforms, Tencent Music offers a diverse library of licensed music content, as well as live streaming, karaoke, music-centric social networking, and online ticket sales for concerts and events. By leveraging partnerships with music producers, record labels, and artists, Tencent Music delivers a comprehensive digital music experience to its large user base in China.

All fundamentals and in-depth analysis of Tencent Music Entertainment Group

Our stock analysis for Tencent Music Entertainment Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Tencent Music Entertainment Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group Revenue→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group Net Income→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group P/E→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group P/S→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group EBIT→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group Dividend→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group Directors Dealings→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group Stocks→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group Market capitalization→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group Debt→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group Liabilities→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group Equity→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group AAQS→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group Employees→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group ROE→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group ROA→
Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group ROCE→