ENTITY
Tencent Music

Tencent Music (TME US)

403
Analysis
Consumer DiscretionaryChina
Tencent Music Entertainment operates an online music entertainment platform in China. The Company offers platform that comprises of online music, recording, music-centric live streaming enabling users to discover, listen, sing, watch, perform, and socialize music.
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bullishTencent Music
15 Nov 2023 19:35Broker

TME (TME US) – Inline 3Q23 results; strong music subscription revenue growth

Looking ahead, we forecast total revenue to decline by 10% YoY to RMB6.7bn in 4Q23E, due to the persisting impact of social entertainment business...

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bullishTencent Music
16 Aug 2023 08:18Broker

TME (TME US) – Improving profitability despite pressure on social entertainment business

TME announced 2Q23 financial results on 15 Aug. Total revenue grew by 5.5% YoY and 4.0% QoQ to RMB7.3bn in 2Q23, in line with CMBI/consensus...

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bullishTencent Music
01 Aug 2023 08:29Broker

TME (TME US) – Solid Earnings Growth Despite Social Entertainment Business Adjustment

We expect 2Q23 total revenue to grow 4% YoY to RMB7.2bn (3% below consensus), mainly due to enhanced live streaming procedures started in late 2Q

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bullishTencent Music
17 May 2023 09:12Broker

TME (TME US) – Strong core music business supports 1Q23 earnings beat

TME reported 1Q23 results on 16 May. Total revenue increased by 5% YoY to RMB7.0bn in 1Q23 and was in line with consensus/CMBI estimate.

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bullishTencent Music
23 Mar 2023 02:03Broker

TME (TME US) – Expect a year of mild recovery in FY23

TME announced its 4Q22 financial results on 21 March. Total revenue declined 2% YoY to RMB7.4bn in 4Q22, inline with consensus and CMBI estimates.

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