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Tencent Music Entertainment Group - TME STOCK NEWS

Welcome to our dedicated news page for Tencent Music Entertainment Group (Ticker: TME), a resource for investors and traders seeking the latest updates and insights on Tencent Music Entertainment Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tencent Music Entertainment Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tencent Music Entertainment Group's position in the market.

Rhea-AI Summary
Tencent Music Entertainment Group, a leading online music and audio entertainment platform in China, filed its 2023 Annual Report on Form 20-F with the SEC. The report includes audited financial statements for the fiscal year ended December 31, 2023, providing shareholders and investors with valuable insights into the company's performance.
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Rhea-AI Summary
Tencent Music Entertainment Group will report its first quarter 2024 financial results on May 13, 2024. The company will host a webinar to discuss its business and financial performance.
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End-of-Day
-1.14%
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conferences earnings
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Rhea-AI Summary
Tencent Music Entertainment Group (TME) announced the resignation of Mr. Zhenyu Xie from executive positions due to personal reasons. Ms. Min Hu appointed as a new director. Mr. Xie's contributions acknowledged, and Ms. Hu's extensive financial experience highlighted.
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-3.95%
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management
Rhea-AI Summary
Tencent Music Entertainment Group (TME) reports a 20.6% increase in fourth-quarter music paying users with a 20.2% rise in monthly ARPPU. Net adds of 18.2 million music paying users in 2023. Total revenues of RMB6.89 billion, down 7.2% year-over-year. Revenues from music subscriptions show significant growth. Net profit increases by 16.9% year-over-year. Strong financial performance despite a decrease in total revenues.
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6.36%
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Tencent Music Entertainment Group (TME) will report its unaudited financial results for Q4 and full year 2023 on March 19, 2024. The management will host a webinar to discuss business and financial performance.
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-1.98%
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conferences earnings
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Rhea-AI Summary
Tencent Music Entertainment Group's TME Chart released the 2023 Year-End Charts, featuring notable artists such as Joker Xue, Zhou Shen, and Tia Ray. The charts included General, Uni, and Wave categories, showcasing top songs and artists of the year. The event featured live performances and recognized the contributions of lyricists, composers, and producers in the Chinese music industry.
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1.23%
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Tencent Music Entertainment Group (TME) and Universal Music Group (UMG) renew multi-year strategic licensing agreement, providing TME access to UMG's music catalogue for QQ Music, Kugou Music, Kuwo Music, and WeSing, including music streaming in Dolby Atmos and high-definition formats.
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1.72%
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Rhea-AI Summary
Tencent Music Entertainment Group (TME) announced the resignation of Mr. Lixue Shi, the Company's Group Vice President, effective December 31, 2023. Mr. Shi's contributions to the development of Kuwo Music and long-form audio business have greatly enhanced user experience. Executive Chairman Mr. Cussion Pang expressed gratitude for Mr. Shi's dedication and wished him the best in his future endeavors.
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-0.94%
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Tencent Music Entertainment Group (TME) Announces Strong Growth in Online Music Services Despite Decline in Social Entertainment Revenues. Total revenues decreased by 10.8% year-over-year, with music subscriptions showing a 42.0% year-over-year growth. Net profit increased by 15.6% year-over-year, with a total cash balance of RMB30.96 billion (US$4.24 billion) as of September 30, 2023.
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3.1%
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Tencent Music Entertainment Group to report Q3 2023 financial results
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5.95%
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conferences earnings
Tencent Music Entertainment Group

NYSE:TME

TME Rankings

TME Stock Data

20.32B
1.10B
50.61%
1.22%
Radio Networks
Information
Link
China (Mainland)
Shenzhen

About 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 offers qq music, kugou music, and kuwo music that enable users to discover and listen to music in personalized ways; and wesing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. the company also operates kugou live and kuwo live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance. in addition, it sells music-related merchandise, including kugou m1 headsets, smart speakers, wesing karaoke microphones, and hi-fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. ten