Tencent Music Entertainment Group (TME)
Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. It provides QQ Music, Kugou Music, and Kuwo Music that enable users to discover, enjoy, and share 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 audience base; and Lazy Audio, an audio platform. In addition, it sells artist-related merchandise, such as branded apparel, posters and art prints, and accessories; other music services, such as content licensing, sales of digital albums, sales of customized artist-related merchandises, live performances and concerts, and artist management services; and music subscriptions, as well as offers advertising services across its social entertainment platforms. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group operates as a subsidiary of Tencent Holdings Limited.
- Ticker
- TME
- Exchange
- NYSE
- Sector
- Communication Services
- Industry
- Internet Content & Information
- 52-week range
- $7.66 - $22.79
Valuation
- Share price
- $9.56 (close of Nov 6, 2026)
- P/E (TTM)
- 11.02x
- Price to book
- 1.23x
- Price to free cash flow
- 10.10x
Price performance
| Period | Change |
|---|---|
| 1 day | +1.16% |
| 5 days | +13.67% |
| 1 month | +20.55% |
| 3 months | -0.31% |
| 6 months | -1.14% |
| Year to date | -45.46% |
| 1 year | -57.15% |
| 3 years | +27.30% |
| 5 years | +22.56% |
| All time | -31.71% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 5.41%
- Shares short
- 30.50M
- Days to cover
- 5.65
- Change since prior report
- -2.13%
- Source
- FINRA consolidated short interest
Profitability and growth
- Return on equity
- 13.31%
- Return on invested capital
- 13.17%
- Return on assets
- 10.78%
- Return on capital employed
- 15.20%
- Gross margin
- 44.18%
- Net margin
- 33.60%
- EBITDA margin
- 40.62%
- Revenue growth
- 15.85%
- Net income growth
- 66.41%
- Free cash flow growth
- -0.30%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 9.90%
- Current ratio
- 1.74x
- Net debt to EBITDA
- -0.61x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Shares outstanding
- 1.53B
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 44.18% | 33.60% | 13.31% | 13.17% |
| 2024-12-31 | 42.34% | 23.39% | 9.53% | 9.38% |
| 2023-12-31 | 35.29% | 17.73% | 8.60% | 8.28% |
| 2022-12-31 | 30.96% | 12.98% | 7.48% | 7.10% |
| 2021-12-31 | 30.10% | 9.69% | 5.93% | 6.59% |
| 2020-12-31 | 31.91% | 14.25% | 7.88% | 8.02% |
| 2019-12-31 | 34.10% | 15.66% | 9.12% | 9.26% |
| 2018-12-31 | 38.33% | 9.65% | 4.85% | 4.93% |
| 2017-12-31 | 34.70% | 12.08% | 5.07% | 5.03% |
| 2016-12-31 | 28.25% | 1.88% | 0.40% | - |
Investor relations
Next earnings report
- Next confirmed report
- Nov 17, 2026
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-08-11 | Jun 2026 | - |
| 2026-05-12 | Mar 2026 | - |
| 2026-03-17 | Dec 2025 | - |
| 2025-11-12 | Sep 2025 | - |
| 2025-08-12 | Jun 2025 | - |
| 2025-05-13 | Mar 2025 | - |
| 2025-03-18 | Dec 2024 | - |
| 2024-11-12 | Sep 2024 | - |
Filings and sources
- Company website
- tencentmusic.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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