Tencent Music Entertainment Group

TME

Equity

ISIN null / Valor 44023672

New York Stock Exchange, Inc (2025-11-17)

USD 18.90-0.16%

Tencent Music Entertainment Group
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About company

Tencent Music Entertainment Group (TME) is a leading force in the digital music and audio entertainment landscape in China, offering a wide array of services across its platforms. TME operates TME Music Cloud, a digital distribution platform that caters to musicians, music labels, and record companies worldwide, facilitating global distribution, data analysis, and marketing services. It boasts partnerships with over 200 domestic and international platforms, including notable names like Apple Music and Douyin, providing a comprehensive cloud-based music library and customized operations. Additionally, TME owns Lazy Audio, a premier platform for long-form audio content in China, offering a diverse range of audiobooks, audio dramas, and educational content since 2012. QQ Music, another TME entity established in 2005, delivers a rich music experience with innovative features for user interaction and entertainment, while Kugou Music, founded in 2004, remains a popular online music platform in China, known for its extensive music content and social features. Collectively, these platforms underscore TME's commitment to enhancing the digital music experience, catering to a wide spectrum of user preferences and setting industry standards in technological innovation and content diversity.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Surge

Tencent Music Entertainment Group’s total revenues jumped by RMB1.45 billion to RMB8.46 billion, with online music services revenues rising 27.2% year-over-year to RMB6.97 billion. In particular, music subscription revenues grew 17.2% to RMB4.50 billion, aided by an increase in monthly ARPPU from RMB10.8 to RMB11.9.

Profitability and Earnings

The company's net profit attributable to equity holders climbed to RMB2.15 billion (a 36.0% year-over-year increase), while non-IFRS net profit reached RMB2.41 billion, marking a 32.6% growth. Additionally, diluted earnings per ADS improved from RMB1.01 to RMB1.38, with the non-IFRS measure increasing from RMB1.16 to RMB1.54.

Financial Stability

Tencent Music Entertainment Group maintained a strong financial position with total cash, cash equivalents, term deposits, and short-term investments amounting to RMB36.08 billion as of September 30, 2025. This solid cash base supports ongoing investments in content innovation and service expansion, ensuring continued growth in the competitive online music market.

Summarized from source with an LLMView Source

Key figures

70.7%1Y

217%3Y

16.6%5Y

Performance

49.6%1Y

53.8%3Y

61.1%5Y

Volatility