Tencent Music Entertainment TME

NYSE TME
$8.27 -0.29 (-3.33%)
As of: Aug 31, 2026 · 3:59 PM EDT
Key Stats
Market Cap12.71 Bn
P/E9.92
Div. Yield0.00
ROIC (Qtr)0.11
Total Debt (Qtr)1.05 Bn
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About

Tencent Music Entertainment Group is an online music and audio entertainment platform that delivers music streaming social entertainment and long form audio services to users mainly in China. The company operates several flagship applications including QQ Music Kugou Music Kuwo Music and WeSing each tailored to different listener preferences and usage scenarios. In addition it provides the dedicated long form audio app Lazy Audio which offers audiobooks podcasts talk shows…

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Sectors: Technology · Communication Services Sector rationale The company's primary revenue is generated through an internet platform providing music streaming, social entertainment, and long-form audio via apps like QQ Music and WeSing, which falls under the Technology sector's 'Streaming' and 'Digital Marketplaces' categories. A secondary sector of Communication Services is justified because the company also organizes offline concerts and events, and earns income from licensing music content, which aligns with the 'Live Entertainment' and 'Music' industries. Industries: Streaming Streaming Primary The company operates flagship applications like QQ Music, Kugou Music, and Kuwo Music, which deliver music streaming and long-form audio services (audiobooks, podcasts) to users. Revenue is generated through monthly subscription fees for these streaming services and advertising sales. Social Media Social Media Secondary The company provides social entertainment services through WeSing, where users participate in karaoke sessions, create and share music-related videos, and purchase virtual gifts during live streaming sessions. Live Entertainment Live Entertainment Secondary The company earns income from organizing offline concerts and events, which constitutes a live entertainment business line. Classified using BQ-MICS CIK: 0001744676

Products and services [axis] Breakdown of Revenue (2025)

Peer group

Peer Comparison

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