Welcome to our dedicated page for Tencent Music Entertainment Group news (Ticker: TME), a resource for investors and traders seeking the latest updates and insights on Tencent Music Entertainment Group stock.
Tencent Music Entertainment Group (TME) (NYSE: TME; HKEX: 1698) regularly issues news and announcements covering its role as an online music and audio entertainment platform in China. Company news frequently includes unaudited quarterly financial results, updates on its annual report on Form 20-F, and notices about upcoming earnings release dates and related investor webinars.
Investors and followers of TME’s news can expect detailed disclosures on revenues from online music services, music subscriptions, social entertainment services and others, along with commentary on operating profit, net profit attributable to equity holders and non-IFRS net profit measures. The company often highlights trends in paying users for online music, monthly ARPPU, and the performance of its SVIP membership program within these releases.
Beyond financial data, Tencent Music Entertainment Group’s news flow also covers operational developments such as content partnerships with record labels and artists, concert and offline performance activities, and initiatives to enrich its content ecosystem. The company reports on branded concert IPs, artist tours it supports or organizes, and projects that connect online music services with offline experiences.
Corporate governance items, such as poll results of the annual general meeting and changes in board or committee composition, are also disclosed through press releases and furnished to the SEC on Form 6-K. For readers tracking TME, this news page offers a centralized view of its financial communications, operational highlights, ESG-related updates and shareholder meeting outcomes over time.
Tencent Music Entertainment Group (NYSE: TME) reported its Q2 2024 financial results. Total revenues decreased 1.7% YoY to RMB7.16 billion (US$985 million), primarily due to a decline in social entertainment services. However, online music services saw strong growth, with music subscription revenues up 29.4% YoY to RMB3.74 billion (US$515 million). The number of paying users increased 17.7% YoY to 117.0 million. Net profit grew 33.1% YoY to RMB1.79 billion (US$247 million). The company's focus on user-centric innovation and content enrichment led to improved subscriber growth and retention. TME continues to expand its content library, deepen record label collaborations, and enhance its self-produced content offerings.
Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698), China's leading online music and audio entertainment platform, has announced a significant management change. Ms. Linlin Chen, the company's Group Vice President, has resigned from her position and other relevant roles, effective September 30, 2024. The resignation is attributed to personal reasons.
Mr. Cussion Pang, Executive Chairman of TME, expressed gratitude for Ms. Chen's dedicated service and acknowledged her contributions to the success of Kugou Music, one of China's leading music streaming platforms. The company respects her decision and wishes her well in her future endeavors.
Tencent Music Entertainment Group (NYSE: TME, HKEX: 1698), China’s leading online music and audio entertainment platform, will release its unaudited financial results for Q2 2024 on August 13, 2024, before the U.S. market opens.
A Tencent Meeting Webinar will be held on the same day at 7:00 A.M. ET or 7:00 P.M. Beijing/Hong Kong Time to review and discuss the company's business and financial performance. Participants are required to register online in advance to receive access information. A live and archived webcast will be available on Tencent Music's investor relations website.
Tencent Music Entertainment Group (TME) held its 2024 Annual General Meeting (AGM) in Hong Kong on June 28, 2024.
All proposed resolutions, as listed in the AGM notice dated May 21, 2024, were passed successfully. TME continues to maintain its position as the leading online music and audio entertainment platform in China.
Tencent Music Entertainment Group (TME) announced its annual general meeting (AGM) will be held on June 28, 2024, at 10 a.m. in Hong Kong. The AGM will occur at 10/F, The Hong Kong Club Building, 3A Chater Road, Central, Hong Kong. Shareholders will vote on proposed resolutions supported by the Board of Directors. Those holding the company's ordinary shares as of May 21, 2024, can attend and vote. ADS holders must provide voting instructions to The Bank of New York Mellon. Additionally, TME has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC. The report, including audited financial statements, is available on the SEC and company websites.
Tencent Music Entertainment Group reported its first quarter 2024 financial results, showing a 3.4% year-over-year decrease in total revenues. The number of paying users for online music services increased by 20.2% year-over-year, while revenues from music subscriptions grew by 39.2%. Net profit and diluted earnings per ADS also saw significant growth. The company declared an annual cash dividend of approximately US$210 million for the year ended December 31, 2023. Despite a decrease in revenues from social entertainment services, TME highlighted its focus on high-quality growth and strong net profit margin expansion. The company's operational highlights included expanding content offerings, renewing partnerships, and launching new features to enhance user engagement and music consumption.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Tencent Music Entertainment Group (TME)?
What is the market cap of Tencent Music Entertainment Group (TME)?
