Tencent Music Entertainment TME

NYSE TME
$8.68 +0.05 (+0.58%)
As of: Oct 19, 2026 · 3:59 PM EDT

Tencent Music Entertainment (TME) stock price is $8.68, up 0.58% on the day, as of Oct 19, 2026. It has a market cap of $13.26Bn and a P/E ratio of 10.39, and is classified in the Streaming industry (Technology sector).

Key Stats
Market Cap13.26 Bn
P/E10.39
P/S86.82
Div. Yield0.00
Total Debt (Qtr)1.93 Bn
Revenue Growth (1y) (Qtr)-4.23
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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)

History
Peer percentiles

How Tencent Music Entertainment ranks

Ranked against the 185 companies in Internet Platforms58 metrics · as of Oct 16, 2026

Valuation

12 metrics · Lower multiples rank higher; a negative multiple ranks last
  • P/E 10.4xMedian 17.8x 87th
  • P/FCF 8.44xMedian 11.4x 76th
  • P/Operating cash flow 8.44xMedian 10.4x 72nd
  • P/S 88.9xMedian 1.50x 6th
  • P/B 1.18xMedian 1.86x 63rd
  • P/Tangible book 1.27xMedian 2.08x 63rd
  • EV/EBITDA 4.78xMedian 15.1x 92nd
  • EV/EBIT 5.73xMedian 21.5x 96th
  • EV/Revenue 60.3xMedian 1.73x 7th
  • EV/FCF 5.72xMedian 11.5x 83rd
  • EV/Operating cash flow 5.72xMedian 9.83x 81st
  • PEG (3Y EPS CAGR) 0.45Median 0.44 49th
Peer group

Peer Comparison

Companies in the Streaming
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S.No. Ticker Company Market CapP/EP/STotal Debt (Qtr)
1 GOOGL Alphabet Inc. 4,185.47 Bn17.159.3998.17 Bn
2 META Meta Platforms, Inc. 1,794.56 Bn26.357.8683.66 Bn
3 NFLX Netflix Inc 292.71 Bn21.446.0514.31 Bn
4 BABA Alibaba Group Holding Ltd 251.74 Bn23.911.6721.54 Bn
5 SHOP Shopify Inc. 221.57 Bn114.9216.70-
6 UBER Uber Technologies, Inc 142.45 Bn14.872.5812.72 Bn
7 BKNG Booking Holdings Inc. 124.83 Bn17.324.4220.18 Bn
8 TME Tencent Music Entertainment Group 13.26 Bn10.3986.821.93 Bn