Profile
Sector:
Communication ServicesIndustry:
Internet Content & InformationCountry:
ChinaIPO:
12 December 2018Website:
http://www.tencentmusic.comNext earnings report:
14 November 2024Last dividends:
31 May 2024Next dividends:
N/APrice
regular market | 6 min agoAnalysts recommendations
Institutional Ownership
TME Latest News
Tencent Music Entertainment Group (TME) possesses solid growth attributes, which could help it handily outperform the market.
Investors interested in Internet - Content stocks are likely familiar with Tencent Music Entertainment Group Sponsored ADR (TME) and Airbnb, Inc. (ABNB). But which of these two stocks is more attractive to value investors?
Tencent Music Entertainment Group (NYSE:TME ) Q2 2024 Results Conference Call August 13, 2024 7:00 AM ET Company Participants Millicent Tu - Head of IR Cussion Pang - Executive Chairman Ross Liang - CEO Shirley Hu - CFO Conference Call Participants Alicia Yap - Citigroup Lincoln Kong - Goldman Sachs Alex Poon - Morgan Stanley Lei Zhang - Bank of America Merrill Lynch Wei Xiong - UBS Thomas Chong - Jefferies Millicent Tu Good evening, and good morning, and welcome to Tencent Music Entertainment Second Quarter 2024 Earnings Conference Call. I'm Millicent Tu, Head of IR.
Tencent Music Entertainment Group (TME) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Does Tencent Music Entertainment Group Sponsored ADR (TME) have what it takes to be a top stock pick for momentum investors? Let's find out.
Tencent Music Entertainment's Q1 2024 Earnings Conference Call took place on May 13, 2024 at 7:00 AM ET. Present at the call were Millicent Tu, Cussion Kar Shun Pang, Zhu Liang, and Min Hu. Various conference call participants included Alicia Yap, Alex Poon, Lincoln Kong, Zhang Lei, Ellie Jiang, Wei Fang, and Thomas Chong. Millicent Tu, the Head of Investor Relations, welcomed everyone to the call.
In the first quarter of fiscal year 2024, Tencent Music Entertainment Group (TME) experienced a combination of financial results. Revenue for Tencent Music decreased slightly by 3.4% to $937 million, but the company was able to increase its net profit by 27%.
China's Tencent Music Entertainment Group exceeded expectations for first-quarter revenue on Monday, driven by the consistent expansion of paid subscriptions and advertising services on its music streaming platform similar to Spotify.
Today, options traders are focusing on Tencent Music Entertainment Group (NYSE:TME) as the stock reaches its highest point since July 2021.
China's Tencent Music Entertainment Group , beat fourth-quarter revenue estimates on Tuesday, driven by growth in paid subscription on its Spotify-like music streaming platform.
- 1(current)
What type of business is Tencent Music Entertainment?
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base; and Lazy Audio, an audio platform. In addition, it sells music-related merchandise; and artist-related merchandise, such as branded apparel, posters and art prints, and accessories and integrated and technology-driven music solutions that help IoT device manufacturers build and operate their branded music services on their IoT devices, as well as offers advertising services across its online karaoke platform and online music apps. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
What sector is Tencent Music Entertainment in?
Tencent Music Entertainment is in the Communication Services sector
What industry is Tencent Music Entertainment in?
Tencent Music Entertainment is in the Internet Content & Information industry
What country is Tencent Music Entertainment from?
Tencent Music Entertainment is headquartered in China
When did Tencent Music Entertainment go public?
Tencent Music Entertainment initial public offering (IPO) was on 12 December 2018
What is Tencent Music Entertainment website?
https://www.tencentmusic.com
Is Tencent Music Entertainment in the S&P 500?
No, Tencent Music Entertainment is not included in the S&P 500 index
Is Tencent Music Entertainment in the NASDAQ 100?
No, Tencent Music Entertainment is not included in the NASDAQ 100 index
Is Tencent Music Entertainment in the Dow Jones?
No, Tencent Music Entertainment is not included in the Dow Jones index
When was Tencent Music Entertainment the previous earnings report?
No data
When does Tencent Music Entertainment earnings report?
The next expected earnings date for Tencent Music Entertainment is 14 November 2024