Tencent Music's strategic pivot to online music subscriptions is driving a structural transformation, evidenced by revenue growth accelerating from -3.4% in 2024Q1 to 5.8% in 2026Q2 and gross margins expanding to 44.2%.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has accelerated to 5.8% in 2026Q2, supported by a structural shift to subscriptions that has expanded gross margins to 44.2% and operating margins to 34.0%, demonstrating exceptional operating leverage.
Tencent Music Entertainment Group is projected to have a revenue growth of 13.5%, indicating robust business expansion.
Analysts have a blended target price of $68 and a Strong Buy Score of 80%, reflecting positive outlook.
Tencent leverages its internet-based platform to enrich user lives and drive digital upgrades, supporting long-term growth.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 11, 2026 | $0.25+4.2% vs $0.24 | $1.3B+1.1% vs $1.3B |
Q2 2026 May 12, 2026 | $0.21+0.0% vs $0.21 | $168M-85.3% vs $1.1B |
Q2 2026 Mar 17, 2026 | $0.17-24.2% vs $0.23 | $179M-85.1% vs $1.2B |
Q4 2025 Nov 12, 2025 | $0.22+4.8% vs $0.21 | $1.2B+0.2% vs $1.2B |
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Benchmark TME against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Tencent Music Entertainment Group (TME)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $9.56 | $14.69B | 11.53 | 15.85% | 26.08% | 10.54% | 1.94% | |
| $603.01 | $123.97B | 38.14 | 9.65% | 15.73% | 34.14% | — | |
| $285.28 | $7.37B | 31.00 | -3.97% | 38.53% | 27.05% | 0.62% | |
| $342.37 | $5.03T | 37.90 | 15.06% | 27.6% | 127.61% | 0.31% | |
| $259.30 | $2.79T | 21.03 | 12.38% | 16.9% | 26.71% | — | |
| $284.78 | $3.45T | 14.94 | 15.09% | 50.03% | 42.62% | 0.29% |
Tencent Music Entertainment Group (TME) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Tencent Music Entertainment Group (TME) stock FAQ — growth, dividends, profitability & financials explained
Tencent Music Entertainment Group (TME) reported $32.90B in revenue in fiscal year 2025, which is also its trailing twelve months. That is 654% more than the $4.36B of fiscal year 2016.
Tencent Music Entertainment Group (TME) grew revenue by 9.0% over the trailing twelve months, compared with the twelve months before.
Yes. Tencent Music Entertainment Group (TME) earned $8.60B in net income over the trailing twelve months (a 26.1% net margin).
Yes. Tencent Music Entertainment Group (TME) pays a dividend that yields 1.94% at the current price, a moderate yield.
Tencent Music Entertainment Group (TME) had a return on equity (ROE) of 10.5% over the trailing twelve months. That is in line with the market's typical 10-15%.
Tencent Music Entertainment Group (TME) generated $8.88B in free cash flow over the trailing twelve months.
