Tencent Music Entertainment Group Stock Price, News & Analysis

Tencent Music Entertainment Group (NYSE: TME, HKEX: 1698), China's leading online music and audio entertainment platform, has announced the filing of its annual report on Form 20-F with the Securities and Exchange Commission (SEC) on April 23, 2025. The report includes audited financial statements for the fiscal year ended December 31, 2024.

The annual report is accessible through TME's investor relations website at ir.tencentmusic.com and the SEC's website at www.sec.gov. The company offers shareholders and American Depositary Share holders the option to receive a complimentary hard copy of the annual report upon request.

Tencent Music Entertainment Group (NYSE: TME, HKEX: 1698), China's leading online music and audio entertainment platform, has published its 2024 Environmental, Social and Governance (ESG) Report. The report showcases the company's yearly achievements and progress in implementing its sustainability strategy.

Executive Chairman Cussion Pang emphasized TME's commitment to their mission of creating endless possibilities through music and technology, highlighting their focus on advancing the online music industry while maintaining sustainable growth. The company pledges to continue developing initiatives that generate positive societal impact and value.

Tencent Music Entertainment Group (TME), China's leading online music and audio entertainment platform, has scheduled to release its first quarter 2025 unaudited financial results on May 13, 2025, before the U.S. market opens.

The company will host a Tencent Meeting Webinar on the same day at 7:00 A.M. Eastern Time (7:00 P.M. Beijing/Hong Kong Time) to discuss business and financial performance. Participants can register through provided links for both Chinese Mainland and International access. A live and archived webcast will be available on TME's investor relations website.

Tencent Music Entertainment (TME) reported strong Q4 2024 financial results with total revenues of RMB7.46 billion (US$1.02 billion), up 8.2% year-over-year. Music subscription revenues grew 18% to RMB4.03 billion, with paying users increasing 13.4% to 121 million.

Q4 net profit surged 47.3% to RMB2.08 billion, while full-year 2024 revenues reached RMB28.40 billion, up 2.3%. The company's board approved an annual cash dividend of US$273 million and authorized a new US$1 billion share repurchase program for 24 months starting March 2025.

Key operational highlights include expanded partnerships with SM Entertainment and Kakao Entertainment, growing to over 260 million licensed tracks, and successful SVIP membership growth. The company maintained strong cash positions with RMB37.58 billion in total cash and equivalents as of December 31, 2024.

Tencent Music Entertainment Group (TME) announced changes to its Board of Directors effective February 28, 2025. Mr. Matthew Yun Ming Cheng will retire from his director position, which he held since 2022. The Board has appointed Mr. Wai Yip Tsang as his replacement.

Mr. Tsang brings significant financial expertise to TME, currently serving as Financial Controller of Tencent Holdings His background includes experience at PricewaterhouseCoopers and senior financial positions at companies listed on the Hong Kong Stock Exchange and NYSE. He holds multiple professional accounting certifications and has extensive experience in audit, accounting, investor relations, and corporate finance, including IPOs, restructuring, and M&A activities.

Tencent Music Entertainment Group (TME), China's leading online music and audio entertainment platform, has scheduled its Q4 and full-year 2024 financial results announcement for March 18, 2025, before the U.S. market opens. The company will host a Tencent Meeting Webinar at 7:00 A.M. Eastern Time (7:00 P.M. Beijing/Hong Kong Time) on the same day to discuss business and financial performance.

The company has provided registration links for both Chinese Mainland and International participants to join the webinar. A live and archived webcast will be available on TME's investor relations website.

Tencent Music Entertainment Group (TME) reported strong Q3 2024 financial results with total revenues of RMB7.02 billion (US$1.0 billion), up 6.8% year-over-year. Music subscription revenues grew 20.3% to RMB3.84 billion, with paying users increasing 15.5% to 119.0 million. Net profit rose 35.3% to RMB1.71 billion. The company's gross margin improved to 42.6% from 35.7% year-over-year. Operating profit increased 50.5% to RMB2.14 billion. TME maintained a strong cash position of RMB36.04 billion and continued its share repurchase program, having bought back US$335.5 million worth of ADSs.

Tencent Music Entertainment Group (TME) has announced a strategic partnership with Galaxy , representing global musician G-Dragon, for his upcoming regional tour. TME will serve as the proprietary tour partner for G-Dragon's concerts across Southeast Asia, the Middle East, Hong Kong, Macao, Taiwan, Australia, and New Zealand. This collaboration aligns with TME's vision of expanding its global presence and connecting international audiences with exceptional music experiences.

The partnership aims to integrate AI, AR, mixed reality, and robotics into entertainment, creating a new concert experience for global audiences. TME's Global Music Outreach program and JOOX streaming service in Southeast Asia are part of its efforts to broaden its international footprint. This strategic move is expected to elevate G-Dragon's overseas tour experience and reinforce TME's growing influence in the global music industry.